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 :

Product type

Repayment type

Margin

Demand Loan

Bullet Payment

35 %

Monthly/Quarterly/Half Yearly

30 %

Overdraft

 

40 %

Features :

Overdraft facility shall be sanctioned for Agriculture Production Purpose only, for any other purpose Demand Loan will be sanctioned.

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

12 months for Demand loan facility, 36 months for Overdraft facility

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

No Prepayment charges