|Purpose||To meet Personal / Family expenses in case of any exigencies
To meet Business need
Any legitimate purpose acceptable to the Bank.
|Eligibility||Individual/s, Firm (Proprietary / Partnership)|
|Maximum Loan Amount||GLLN [Bullet Payment]: ₹ 2.00 lakh only, per Individual at any point of time.
GLLN [EMI]: As per Bank’s exposure limit.
|Margin||@25% on "present market valuation" of gold ornaments or advance to be restricted to ₹. 20,000/- per 10 gram of 22 Caret Gold.(subject to change)|
|Repayment Period||1] Bullet repayment available for limits up to ₹ 2.00 lakh and Period of loan 12 months (strictly & not more than that) &
2] Regular repayment with EMIs: Maximum loan period 24 months.
|Rate of Interest||11.90%|
|Security||Pledge of Gold Ornaments only.* Gold in the form of Coins / Biscuit / Raw Gold [Bullion] not allowed.|
|Processing Charge||Upto Rs.10 lacs : 0.75% Above Rs. 10 lacs :0.40%|
|Subscription of Bank's Share||₹ 1000/-|
|Pre-payment Charges||NOT APPLICABLE|
Terms & Conditions Apply.
Visit nearest branch for more details.
Contact Us : Head Office 0251-2316641, 0251-2315995 0251-2221300 | ATM Helpdesk 0251-2219008 | Toll free 18002331919 (9am to 6pm on weekdays) | firstname.lastname@example.org