Navratri Gold Loan

 

Title Norms
Scheme Name
  1. “Akshay Tritiya Gold Loan Scheme”
Purpose
  1. For Gold Purchase
    1. For 24 Carat – 7000/- per gm.
    2. For 22-23 Carat – 6000/- per gm.
Loan Disbursement
  1. 70-80% of Gold Valuation. (As per valuation report of jewelers)
Repayment of Loan
  1. Monthly EMI
Rate of Interest
  1. 9% for Gold Mortgage
  2. 9% for Gold Purchase
  3. 11% for Gold C.C. Limit
Valuation of Gold
  1. Market Rate Minus Rs. 3000/-
Margin
  1. 20% on Market Rate Minus Rs. 3000/ .
Share
  1. Borrower :- Rs. 1236/-
  2. Guarantor :- 112/-
Processing fee
  1. Upto 10 Lakhs – 0.5% + GST.
  2. Above 10 Lakh – 0.25 + GST.
Interest Recovery
  1. Interest to be Recover every Month .