Allahabad Bank offers Gold Loans of up to Rs.5 lakhs to Rs.25 lakhs to its existing customers against their gold valuables.So now no one needs to worry about cash shortages as the gold assets possessed by anyone can be pledged to take a loan. The bank will give the cutsomer cash against the gold assets pledged by them. The cash received can be used for any sort of business purpose like purchase of an asset or paying off a liability or for working capital requirements. The loan amount can also be used for Agriculture & Allied Activities, consumption/ domestic /medical purposes (but not for speculative purposes),meeting business needs.etc. The features of the loan are as follows: