Naini 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 :

Product type

Repayment type

Margin

Demand Loan

Bullet Payment

35 %

Monthly/Quarterly/Half Yearly

30 %

CC

 

30 %

Overdraft

 

40 %

Features :

Credit Facility in form of Cash Credit (For Agriculture Production Purpose Only), Demand Loan & Overdraft facility.

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

Repayment period of 01 Year.

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

No Prepayment charges