To meet Credit needs for Agriculture/MSME/OPS/Retail/Consumption Purpose.
Eligibility
Any individual who is lawful owner of Gold jewellery/ornaments/coins, preferably account holder of the Branch.
Quantum of Loan
For Agricultural/ MSME/ Retail and Other Priority Sector activities:Maximum Rs.50 Lakh
Security:
Pledge of gold jewellery/ornaments/coins belonging to the borrower intending to be pledged with the Branch.
Margin
For Agricultural purpose: 15 to 35% For MSME/OPS/ Other purpose: 25 to 35%
Rate of Interest (w.e.f. 05.07.2021)
Activity
Upto 12 months*
Above 12 months upto 36 months*
Agriculture
@7.30% p.a
@7.60% p.a
Food & Agro
@7.35% p.a
@7.65% p.a
MSME/OPS
@7.65% p.a
@8.15% p.a
Consumption/Nonpriority
@8.45% p.a
@8.95% p.a
Processing Charges
Limit
Agriculture*
MSME/OPS/Consumption*
Upto 1.00 lakh
Nil
Nil
Over 1.00 lakh
Rs.125/- per lakh; Max. Rs.1000/-
Rs.150/- per lakh; Max. Rs.1500/-
Repayment
Principal repayment schedules may be fixed at monthly, quarterly, half-yearly, yearly instalments or bullet repayment depending on income generation and/or seasonality.
*For further details please contact to nearest branch
