NAINI AURA GOLD LOAN

Purpose

For any purpose except for financial speculation of any nature.

Eligibility:

All individual being true owner of the gold ornaments/Jewellery/specially minted gold coins sold by the banks. The weights of specially minted gold coins should not exceed 50grams per customer.

Age :

Minimum Age: 18Years

Maximum Age: 70Years.

Maximum Amount of Finance :

Rs.20.00Lakh

Margin :

Total Loan amount per borrower Maximum LTV ratio
≤ Rs.2.25 Lakh 75%
> Rs.2.25 Lakh & ≤ Rs.5.00 Lakh 70%
> Rs.5.00 Lakh 65%

Tenure :

Product Maximum Tenure
Demand Loan 12 months
Overdraft 12 months (renewal of credit facility is allowed)
EMI Scheme 36 months (Subject to annual review)

Features :

Gold loan facility shall be sanctioned for consumption & income generating activities.

Concessional Rate of interest to borrowers engaged in Agriculture Allied & MSME activities for loan amount upto Rs.5.00Lakhs.

For loans upto Rs.3.00 lakhs, Assayer valuation charges will be borne by the bank

No Prepayment charges