Gold Loan


Eligibility:
  • Permanent salaried individuals
  • Self Employed
  • Professionals & Businessmen
Permissible Amount:
  • Minimum RS. 25,000/- and Maximum Rs.75,000/-
Period:
  • One year, to be renewed there after
Amount of Loan Ag. Gold Ornaments
Rate of Interest p.a.
Upto Rs. 1.00 lac
10.50 %
From Rs. 1,00,000/- to RS.3,00,000/-
11.00 %
From Rs. 3,00,000/- to Rs.5,00,000/-
12.00 %
More than 5,00,000/-
13.00 %

(As applicable subject to change by Head Office from time to time . Interest to be serviced regularly)

Margin:
  • 25 % of valuation.
Shareholding:
  • Upto Rs. 1,00,000/- : Nominal Membership
  • Above Rs.Rs. 1,00,000/- : Regular Membership with 2.5 % of the sanction amount subject to a maximum of Rs.10,000/-
Processing Charges:
  • Waived for the time being
Permissible Amount:
  • Maximum Rs2,00,000/-.
Rate of Interest:
Upto Rs.1,00,000/-
10.50%
From Rs. 1,00,000/- to RS.2,00,000/-
11.00%

(AS APPLICABLE subject to change by Head Office from time to time . Interest to be serviced regularly)

Interest will be charged to the account at monthly rests but will become due for payment along with principal only at the end of 12 months from the date of sanction.