Purpose - To meet urgent financial needs
Eligibility -
⇒ Bank share holder
⇒ Any individual who is the true owner of the gold ornaments.(preferably hallmark )
Repayment Period
⇒ Bullet repayment- 6 months ( Short Tearm)
⇒ Bullet Payment – 1 Year ( Long Term)
⇒ Term Loan EMI – 12 Months (For Loans above Rs 4 Lakhs)
Penal Interest - Any irregularity or default in repayment will attract penal interest of 2.00% p.a. over and above the rate of interest on the balance outstanding.
Rate of Interest - Please click here see the rate of interest
Processing Fee
⇒ 1% on Loan Amount (1year bullet payment Loans)
⇒ 0.75% on short term Loan Amount (6 month Loans Bullet payment)
⇒ 0.75% on term Loan (1year EMI Payment Loans)
