Gold Loan

Gold Loan

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

2 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.


Application cum other details including D.P.Note, Token, and Voucher etc., of gold loan should be printed in pre-printed stationery.

 

News & Events

10-07-2018
Application invited for E V Kumaran, T C Gopalan Master Cooperative awards 2018
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Quotations invited for NPA Management Software.
04-06-2018
RBI has decided to observe the week June 4-8, 2018 as Financial Literacy Week across the country.
19-12-2017
FIxed Deposit Interest rate has been changed
13-12-2017
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12-09-2017
IFS Codes of bank/branches has changed
05-06-2017
Reminiscence of Sri EV Kumaran-Formar bank president held at bank auditorium on 03-06-2017
31-01-2017
KDC Bank Received the NABARD AWARD for the best financial perfomance and initiative under Developmental field during the year 2015-16
08-03-2017
KDC Bank Customers have secured cash back concerned with the Lucky Grahakh Yojana declared by central government recently for promoting digital transaction.
03-11-2016
KDCB Bank got Special Recognition award in DCCB Category in Banking Frontiers Awards
01-08-2016
Bank will not ask your ATM Card Number and Secret PIN in any case. beware of such frauds
08-04-2016
RTGS/NEFT Facility is absolutely FREE at Our Bank without any limit.
08-04-2016
NRE account facility is available at all branches of KDC Bank. Fix an appointment with our branch at your convenience..
08-04-2016
Customers can now easily change their existing bank to our bank for AADHAAR Linking. Submit the Mandate Form to our branch immediately
08-04-2016
All type Scholarship Schemes for School going students can be availed through their KDC Bank accounts,
05-08-2016
All our customers can now enjoy the facility of DBT and All AADHAAR based payments. Link your AADHAAR Number immediately
08-04-2016
KDCB RuPay Debit cum ATM Card is acceptable in ATMs/Retail Outlets/PoS all over India. Enjoy the convenience of Cashless Shopping Conact KDC Bank Branch for your ATM card
08-04-2016
Unclaimed deposits Transferred to RBI - DEAF(Depositor Education and Awareness Fund Scheme)-2014 for more details see link Downloads
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