Net-Banking Login Purpose
- To meet-out Agriculture Needs – Agri Gold Loan
- Any purpose except speculation – Retail Gold Loan
- Financial assistance to existing MSME units (Proprietorship firm only) – MSME Gold Loan
Gold Loan Scheme
Eligibility
- Applicant must be owner of the gold ornaments/Jewellery.
- The applicant must be local resident of branch area having Saving Bank/Current account in our Bank
- Age of Applicant must be Minimum- 18 Yrs. and Maximum -70 Yrs
Interest Rate
As per ROI Circular
Most Important Terms & Conditions
| Parameter | Agri Gold Loan | Retail Gold Loan | MSME Gold Loan |
|---|---|---|---|
| Eligibility | Farmers, engaged in agriculture, cultivating own and /or leased land or engaged in cultivation of crops, in allied activities like Dairy, Poultry, Fisheries, Piggery, Sheep, etc. or who needs investment credit for acquiring farm machinery, undertaking land development, irrigation, horticulture, transportation of Agri produce, etc. | Any purpose except speculation | Financial assistance to existing MSME units (Proprietorship firm only) against gold ornaments/jewellery in the name of Proprietor, for fund based requirements for general business purpose and/or augment working capital, acquiring machinery/ equipment/tools for repair/renovation etc. |
| Minimum Amount | Rs. 50,000/- | Rs. 50,000/- | Rs. 50,000/- |
| Type of Facility |
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|
|
| Margin | 25% on value of gold ornaments | 25% on value of gold ornaments | 25% on value of gold ornaments |
| Prepayment Charges | Nil | Nil | Nil |
Credit Information Report
- Bank is authorized to make enquiries from any of the Credit Information Bureau and get the Credit Information Reports. Bank is also authorized to disclose from time to time any information relating to the loan to Credit Bureaus approved by Govt. of India or Reserve Bank of India without any notice to the borrower.
