🏦 Which bank means.. 🌍 RBI has given good news to those who want to take gold loan across the country.
A special scheme has been brought. The name of this scheme is Bullet Repayment Scheme. Through this, Urban Cooperative Bank (UCB) has increased the gold loan limit from two lakh rupees to four lakh rupees. This decision is likely to be beneficial to the customers of all Urban Co-Operated Banks across the country. 💼💳
💼 Bullet scheme like this.. 📝 Under this bullet repayment scheme, UCBs can now lend up to Rs.4 lakh to customers against gold collateral. Customers have to repay the loan in full within 12 months. This move is likely to benefit UCBs and their customers. UCBs will be able to increase their lending portfolio. More income can be generated and also customers can get bigger gold loans at lower interest rates. The RBI's decision is also in line with efforts to promote financial inclusion and make gold loans more accessible to borrowers. 💰📈
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