- Existing as well as New Customer.
- Individual (18 years to 60 years), Proprietorship and Partnership, engaged in Business activities.
For business needs only.
Quantum of Finance :
- Minimum: Rs.10,000/-
- Maximum: Rs.20,00,000/-
Rate of Interest :
- Rs.10000 and up to Rs.10 lac: MCLR + 0.50%
- Above Rs.10 lac and up to Rs.20 lac: MCLR + 1.00%
Terms of Repayment :
- Repayment in case of Term Loan : 12-36 Months.
- Repayment in case of Overdraft or Cash Credit : On demand and renewable on yearly basis.
Primary Security :
- Pledge of gold coins (specially minted and sold by Banks)/Gold ornaments and Jewellery of 22 as well as 24 Karats purity
- The Gold ornaments should be hall marked.
Processing Charges :
- Nil up-to Rs.5.00 Lac.
- Loan Rs.5.00Lac to Rs.20Lac: Rs.250/- per lac or part thereof.