Welcome to our Mogaveera Bank

Gold Loan

Your jewellery could be your cash now. If any emergency situation rises and you need money urgently, your jewellery can come handy. While your gold stays safe with us, you can go ahead and take advantage of every opportunity.

Rate of Interest9% p.a with monthly rests.

Margin

30% of valuation

TenureTerm Loan

36 months

Overdraft facility

12 Months, subject to renewal.

Security

Pledge of gold ornaments/Jewelry only. Valuation should be on the basis of the bank’s approved valuer’s report.

Processing Fees

1% of the Loan/Overdraft/Maximum Rs. 1000/- + GST.

The Mogaveera Co-operative Bank's Deposits are insured with DICGC for up to 5 Lakhs.

DESPOSIT INSURANCE AND CREDIT GURANTEE CORPORATION
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