Features and Benefits
- It is an Overdraft / Short-Term Loan.
- It is specific to individuals who own Gold Jewellery.
- The loan is specifically for personal purposes.
Charges and Limits
|Loan Amount||Minimum Rs. 5,000/- |
Maximum Rs. 75 Lakhs
|Repayment Tenor||12 Months (Overdraft Facility). The Limit can be renewed for a further period of 12 months, subject to the discretion of sanctioning authority.|
|Primary Security||Pledge of Gold Jewellery with Minimum purity of 22 Carats and Gold Ingots sold by banks.|
|Processing Charges||0.50% (inclusive of Appraisal charges)|
|Other Terms & Conditions|| |