Type of loan

Gold Loan Non-agriculture

Gold Loan –Agriculture(AGL) 

Method of Repayment

Non-EMI

Non-EMI

Purpose   

Various Purposes.

Agricultural Purposes.

Maximum Limit

25 Lakhs

1.5 Lakh per customer

Eligibility Criteria

To individuals

To individuals

Scale of finance

85 % of the market value of gold ornaments pledged.

85 % of the market value of gold ornaments pledged.

Margin

15% of the market value of gold ornaments.

15% of the market value of gold ornaments.

Holiday period

Not applicable. 

Not applicable. 

Repayment period

1)   3 months

2)   6 months 
3)   12 months  

1)   6 months  

2)  12 months

Repayment type

Single payment.

Single payment.

Rate of interest

As per interest structure.

As per interest structure.

Penal Interest

After due date 2% additional interest is charged

After due date 2% additional interest is charged

Charges

1)  Insurance charge @Rs: 1 per 1000 subject to a Minimum of 10 and a maximum of Rs:50. 
2)  Appraiser charge @ 2 per 1000 up to a maximum of Rs:100 per packet.

1)  Insurance charge @Rs: 1 per 1000 subject to a Minimum of 10 and a maximum of Rs:50. 
2)  Appraiser charge @ 2 per 1000 up to a maximum of Rs:100 per packet.

Subsidy/

Re-finance

Nil

 Yes

Security   

Gold ornaments.

Gold ornaments.