Nature of facility : Demand Loan
Purpose : Any purpose other than speculative purpose
All individuals who are owners of the Gold Ornaments / Jewellery.
One year MCLR + Strategic Premium + 3.00%
Processing Charges
0.50% plus service tax.
Maximum Limit : Rs. 10 Lacs
Minimum Limit : Rs. 0.25 Lacs
Margin
Advance Against Gold Coins, Gold Ornaments / Jewellery will be 25% (i.e.loan to value not exceeding 75%) for credit facilities upto Rs 3.00 lacs and 35% for credit facilities exceeding Rs 3 lacs
Repayment
Maximum 12 months