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Gold Loans

Gold Loans

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
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)
For Gold Coins:
Purity of Gold – 24 carat Lending rate – Rs.4400/- (*conditions apply)
9 Processing charges Upto Rs.1,00,000/-
1% of loan amount + GST
Above Rs.1,00,000/- to Rs.2,00,000/-
0.75% of loan amount + GST
Above Rs.2,00,000/-
0.75% of loan amount + GST upto a maximum of Rs.2000/-
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.