1. The scheme is open for all customers – existing and new (KYC norms to be adhered to)
2. Only individuals who have attained majority are eligible Nature of Loan
Loan Amount The loan amount will be linked to the value of gold jewellery/ gold coin/ gold (other than bullion) to be pledged.
Minimum Rs.10000/- & Maximum Rs. 5.00 lacs
Margin to be maintained @ 30% of the value of the Gold jewellery / gold coin / gold (other than bullion) to be pledged. Rate of Interest Please Check out the Interest Rates Section to find latest Interest Rates applicable.
Process Fees Upto Rs.50,000/- - Nil Above Rs.50,000/- : 0.75% of sanctioned limit. Charges of appraiser are to be borne by the borrower.
Repayment Up to 24 months, to be repaid in EMIs or quarterly/ half-yearly/ annual installments or on lump sum basis, as may be agreed uponby the borrower/s. In case of repayment in installments other than EMIs, interest debited in the loan account from time to time is to be paid as and when debited.