- It is an Jewel Loan - Overdraft / Short-Term Jewel Loan.
- It is specific to individuals who own Gold Jewellery.
- The loan is specifically for personal purposes.
|Loan Amount||Minimum Rs. 5,000/- |
Maximum Rs.200 lakhs
|Repayment Tenor||For Overdraft : 12 Months. The Limit can be renewed for a further period of 12 months, subject to the discretion of sanctioning authority. |
For Term Loans : 3, 6 & 12 Months
|Primary Security||Pledge of Gold Jewellery with Minimum purity of 22 Carats and Gold Ingots (Max of 50 Grams per customer) sold by banks.|
|Processing Charges||0.50% (inclusive of Appraisal charges)|
|Other Terms & Conditions|| |