| Purpose |
General purpose |
| Eligibility |
All individuals who are 21 years old
or older |
| Amount of finance |
Minimum Rs6,000/-, Maximum Rs.15 lakhs |
| Security |
Pledge of Gold ornaments or Jewellery made of 22
Carat or 18 Carat |
| Gold valuation |
- Rs.1250/- per gram(Net weight) or 75% of market value of
Gold for 22 carat gold purity with BIS Hallmark of .916, whichever
is lower
- Rs.1150/- per gram(Net weight) or 75% of market value of
Gold for 22 carat gold purity without BIS Hallmark, whichever is
lower
- Rs.1000/- per gram(Net weight) or 75% of market value of
Gold for 18 carat gold purity, whichever is lower
|
| Repayment |
12 months |
| Appraisal charges |
Rs.3.50 per thousand with a minimum of Rs.50/- and a
maximum of Rs.500/- |
| Processing Charges |
1% of loan amount with a minimum of Rs.100/- and a maximum of Rs.5000/- (inclusive
of appriser charges) |
