GOLD LOANS
The comprehensive Regulations and features of Gold Loans
| Sr.No. | Description | Quantum of Advance |
| 1 | Description | Quantum of Advance |
| 2 | Loans under Bullet repayment of up to Rs 4 Lakhs | Rs 4200 per gram for 12 Months Repayment |
| 3 | Loans under Bullet repayment of up to Rs 4 Lakhs | Rs 4300 per gram for 9 Months Repayment |
| 4 | Loans under Bullet repayment of up to Rs 4 Lakhs | Rs 4400 per gram for 3 Months Repayment |
| 5 | Loans above Rs 4 lakhs (12 Equated Monthly Instalments) | Rs 4200 per gram |
| 6 | Two-Equated Quarterly Instalments (6 Months) | Rs 4300 per gram |
| 7 | Quantum of Minimum Loan | Rs 20000/- |
| 8 | Maximum Loan per Borrower | Rs 2000000/- |
| 9 | Rate of Interest | 11.75% p.a. |
| 10 | 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. |
| 11 | Processing Charges | NIL |
| 12 | 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. |
