For any purpose except for financial speculation of any nature.
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.
Minimum Age: 18 Years
Maximum Age: 70 Years.
Rs.20 Lakh
| 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% |
| Product | Maximum Tenure |
| Demand Loan | 12 months |
| Overdraft | 12 months (renewal of credit facility is allowed) |
| EMI Scheme | 36 months (Subject to annual review) |
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 Lakhs.
For loans upto Rs.3 lakhs, Assayer valuation charges will be borne by the bank.
No Prepayment charges.
