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REPCO Bank loan for jewellery purchase
COIMBATORE:
With Akshaya Trithiya falling this month, REPCO Bank has launched a special scheme for purchase of jewellery. Customers can avail of themselves loan up to 80 per cent of the cost of jewels, including gold coins. According to a release, the maximum loan amount per borrower is Rs. 1 lakh. The rate of interest is 9.5 per cent. The branch will give a certificate towards the value of loan so that the customer can purchase the jewels up to the value indicated. The bank has formulated another scheme too. In case customers want to buy new jewellery immediately and they have old jewellery, the old jewels can be deposited with the bank and a loan will be sanctioned at 9.5 per cent for purchase of new jewellery.
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