Purpose
- To meet urgent financial needs
Eligibility
- Bank share holder
- Any individual who is the true owner of the gold ornaments.(preferably hallmark )
Repayment Period
- Bullet repayment- 6 months ( Short Tearm)
- Bullet Payment – 1 Year ( Long Term)
- Term Loan EMI – 12 Months (For Loans above Rs 2 Lakhs)
Penal Interest
- Any irregularity or default in repayment will attract penal interest of 2.00% p.a. over and above the rate of interest on the balance outstanding.
Rate of Interest
- Please click here see the rate of interest
Processing Fee
- 1% on Loan Amount (1year bullet payment Loans)
- 0.75% on short term Loan Amount (6 month Loans Bullet payment)
- 0.75% on term Loan (1year EMI Payment Loans)
