Gold Loan Overdraft

  • Eligibility
    • All individual customers having full KYC compliance and with good track record / with proper introduction by the regular customer of the Bank.
    • Min. Age 21 years
  • Purpose
    • To meet the short term requirements for Agriculture and Allied activities, Business activities, consumption purposes and contingencies. (Other than speculative purpose)
  • Quantum of finance
    • Min. Rs.25,000/- max. Rs.10,00,000/-
  • Margin
    • Min. 25% through tenure of Overdraft.
  • Security
    • Pledge of gold ornaments / Jewellery.
  • Repayment Period
    • Maximum: 36 months subject to review after every 12 months.
    • For DL:- Repayment should be made within 3 years in monthly/Quarterly/Half Yearly/Yearly installments coinciding with the harvesting & Marketing seasonal generation of income from the business Activity. Interest to be recovered as & When applied.
  • Moratorium
    • No Moratorium period
  • Rate of Interest
  • Processing Charge/Upfront Fee
  • Disclaimer:"Kindly contact the nearest branch for more details".