Purpose |
Loans to individuals for productive and consumption purposes against the security of gold jewellery/ornaments and gold coins (issued by Scheduled Commercial Banks/MMTC). |
Eligibility |
Fully KYC Compliant Customers including staff members and ex-staff and their family members. |
Nature of Credit facility |
1) Demand Loan 2) Term Loan 3) Overdraft |
Quantum of Finance |
Minimum: Rs 10000.00 Maximum: Rs 25.00 Lakh |
Rate of Interest |
|
Scale of Finance |
75/65% of value of gold ornaments/jewellery arrived at the rate per gram of gold notified by the Bank on daily basis. |
Repayment |
|
Processing charges: |
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- Mon, January 25-2021
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