GOLD LOANS
The comprehensive Regulations and features of Gold Loans
| Sr.No. | Description | Quantum of Advance |
| 1 | Under Bullet repayment of up to Rs 4 Lakhs per Borrower | Rs 5600 per gram for 12 Months Repayment |
| Rs 5700 per gram for 9 Months Repayment | ||
| Rs 5800 per gram for 6 Months Repayment | ||
| 2 | Under Equated Monthly Instalments | Rs 5700 per gram for 12 Months EMIs |
| Rs 5800 per gram for 9 Months EMIs | ||
| Rs 5900 per gram for 6 Months EMIs | ||
| 3 | Two-Equated Quarterly Instalments (6 Months) | Rs 6000 per gram |
| 4 | Quantum of Minimum Loan | Rs 20000/- |
| 5 | Maximum Loan per Borrower | Rs 2000000/- |
| 6 | Rate of Interest | 11.90% p.a. |
| 7 | Interest Frequency | Interest will be applied at Monthly Intervals on all Loans & Advances of the Bank and Levy of Penal Charges 3% p.a. on overdue amount. |
| 8 | Processing Charges | Loans up to Rs. 2 Lakhs - Rs. 200/- +GST Loans above Rs. 2 Lakhs and up to Rs. 4 Lakhs - Rs. 400/- +GST Loans above Rs. 4 Lakhs and up to Rs. 20 Lakhs - Rs. 600/- +GST |
| 9 | Early Closure of Gold Loan | 15 days interest will be charged even though it is closed before 15 days. Service Charge of Rs 150 plus GST will be collected for early closure of Gold Loan. |
