| S.No | PARAMETERS | PARTICULARS | ||
|---|---|---|---|---|
| 1 | Type of loan | Agriculture Gold loans | Non Agriculture Gold loans | SOD Against gold loans |
| 2 | Purpose | For raising crops, agriculture related development activitiies and seasonal agriculture operations | For various personal purposes | |
| 3 | Loan Quantum | Agriculture Gold loans: Min 5000/- Max – 100 Lakh |
Non Agriculture gold loans: Min 5000/- Max – 100 Lakh |
SOD Against gold loans: Min 5000 Max – 100 Lakh |
| 4 | Margin | Minimum 20% | Minimum 25% | |
| 5 | Rate of Interest | As per Bank’s internal guidelines issued from time to time | ||
| 6 | Repayment period | SOD Against gold loans: 12 Months Interest to be on monthly basis |
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| 7 | Documentary Proof | Upto Rs.5.00 lakh – Self Declaration for proposed crops with name of the crop, survey no, extent of land holding etc.. | Not required | |
| Above Rs.5.00 lakh- Copy of Pattadhar Passbook/Adangal/1-B | ||||
| 8 | Per gram Lending rate |
For Gold Jewels: Purity of Gold – 22 carat Lending rate – Rs.4350/- (*conditions apply) |
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|
For Gold Coins: Purity of Gold – 24 carat Lending rate – Rs.4400/- (*conditions apply) |
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| 9 | Processing charges |
Upto Rs.1,00,000/- 1% of loan amount + GST |
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Above Rs.1,00,000/- to Rs.2,00,000/- 0.75% of loan amount + GST |
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Above Rs.2,00,000/- 0.75% of loan amount + GST upto a maximum of Rs.2000/- |
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| 10 | Guarantee | NA | ||
| 11 | Penal Interest | 2.00% over & above exisiting ROI | ||
| 12 | Security | Pledge of Gold ornaments | ||
| 13 | Insurance | Borrower will be covered under Personal Accident Insurance scheme | ||
*Terms and Conditions apply.
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