To meet credit needs for Agriculture/MSME/OPS/Retail/Consumption purposes.
Individual/Proprietorship Firm, who is lawful owner of gold jewellery/ornaments/coins. Finance to proprietorship firm for business purposes only.
Minimum- No minimum limit
Maximum- Rs 50 Lakh
Pledge of gold jewellery/ornaments/coins belonging to the borrower. Coins maximum 50 gram
For Agricultural purposes: 15% to 35%; For Non-agricultural purposes: 25% to 35%; based upon the purity of gold and tenure of the loan.
Activity | Upto 12 months* | Above 12 months upto 36 months* |
---|---|---|
Agriculture | @7.25% p.a | @7.55% p.a |
Food & Agro | @7.35% p.a | @7.65% p.a |
MSME/OPS | @7.65% p.a | @8.15% p.a |
Consumption/Nonpriority | @8.40% p.a | @8.90% p.a |
Limit | Processing Charges |
---|---|
Upto 1.00 lakh | Nil |
Upto 1.00 lakh to 5.00 lakh | Rs.125/- per lakh; Max. Rs.250/- |
Over 5.00 lakh | Rs.125/- per lakh; Max. Rs.1000/- |
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
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