||Type of facility
||Demand Loan, Over draft and EMI
||Any purpose other than speculation
||All individuals, being true owner of the gold ornaments/jewellery & specially minted gold coins sold by the Banks (maximum up to 50 gm per borrower). The applicant must be Indian resident.
||Rs.25.00 lakhs per borrower.
||12 Months and Max. 36 months for EMI scheme.
||Interest on monthly basis. The principal will be repaid by way of bullet payment at any time during the tenure of the loan.
EMI – EMI on monthly basis.
||Up to Rs 25000 /- NIL
Above Rs 25000 /- up to Rs 25.00 Lakhs – Applicable charges +GST
||Secured by min. 18 carat Gold Jewellery/Ornaments.
||Pre closure / Pre payment