| Purpose |
For personal / General Business Purpose and Non Crop agriculture purpose |
| Eligibility |
Individuals |
| Maximum Loan Amount Loan |
Need Based loan subjected to Maximum of Rs 15.00 Lakhs per party. |
| Per Gram Lending |
80% of the market value (LTV)/Appraised value of the gold pledged subject to a maximum of Rs 3200 Per gram( Subject to change from time to time) |
| Rate of interest |
Till the completion of 6 Month - 7.25% per annum. Overdue accounts shall be charged at 10.50% per annum |
| Security |
Pledge on Gold Ornaments of 22 carat Purity |
| Repayment |
Repayment in lump sum along with accrued interest within 6 months from the date of sanction. |
| Processing Charges |
0.25% of loan amount |
| Inspection Charges |
NIL |
