What margin is required for a 12-month Bullet Repayment Gold Loan?
Understand the Problem
The question is asking for the specific margin percentage required for a 12-month Bullet Repayment Gold Loan. We need to determine the correct percentage from the provided options.
Answer
35%
The final answer is 35%.
Answer for screen readers
The final answer is 35%.
More Information
For a 12-month bullet repayment gold loan, the required margin is typically set at 35%. This margin represents the percentage of the loan amount that the borrower must provide as equity, ensuring the lender has some financial security.
Sources
- SBI REALTY GOLD LOAN - Personal Banking - sbi.co.in
- SBI Gold Loan Products — Our Analysis - EMI Calculator - emicalculator.net
- State Bank of India (SBI) Gold Loan updated on 17 December 2024 - loanbaba.com
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