Leading public sector lender, State Bank of Hyderabad has started offering loans to the customers for buying gold. To apply for the loan, customers can visit the bank's branches.

A customer can borrow a maximum of 15 lakh for duration of 60 months.

The Managing Director of State Bank of Hyderabad, Mr. Bhagavavtha Rao said, "We are targeting a business of Rs 100 crore by the end of June this year.''