Gold Loan

Purpose :

  1. Purchase of Consumer Durables / Furniture / Fixtures / Computers
  2. Repairs / Renovations of Flat / House
  3. Purchase of 2 wheelers
  4. Purchase of Gold Ornaments
  5. Marriage & other religious ceremonies
  6. Domestic / Foreign Tours & Travels
  7. Repayment of existing debt
  8. Takeover of personal loan from other banks
  9. Medical expenses for self / family members etc.


Eligibility : Salaried Persons :

Maximum Amount: Rs.3.00 Lakh

Repayment : Upto 60 installments

Rate of Interest : Kindly refer Interest Rate Chart

Sureties :
(A) Employees of Limited companies / Large organizations / Govt. Employees :
With SDL / ECS facility :
upto Rs.1.00 Lakh One Surety with Net Salary of Rs.7,000/- and above
Above Rs.1.00 Lakh to Rs. 3.00 Lakh Two Sureties with Net Salary of Rs. 6,000/- and above
Without SDL / ECS facility :
upto Rs.50,000/- One Surety with net salary of Rs.7,000/- and above
Above Rs.50,000/- to Rs.2,00,000/- Two Sureties with net salary of Rs.6,000/- and above

(B) Persons employed in reputed companies / organizations :
Upto Rs.25,000/- One Surety with net salary of Rs.7,000/- and above
Above Rs.25,000/- upto Rs.2,00,000/- Two Surety with net salary of Rs.6,000/- and above

(C) If the borrower is a businessman and employees of other organization with good repaying capacity and owning a house :
Two sureties with net salary of Rs.6,000/- and above.
Service Charges : 1.2% of amount sanctioned
Share Amount : 1% of the amount sanctioned subject to min. Rs.1,000/-

Scheme

Tenure

Rate of Interest

  1. Personal Loan:-

Upto 1lac

36 months

16%

Above 1lac

60 months

  1. Gold Loan:-

Upto 1 Lac

1 year only

12%

Above 1 Lac To 5 Lacs

1 year only

13%

Above 5 Lacs To 10 Lacs

1 year only

14%

   
 
 
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