Gold Loan

Gold Loan

Eligibility

Individuals of all income groups

Loan Amount: Depending upon the value of the gold as assessed periodically. [w.e.f. 17.01.2012]

Details Rs. Per Gram
For 22 carat Gold Ornaments / Jewelery 1750
Hall Marked Gold Ornaments/ Jewellary 1750

The limit specified above is subject to 75% of the appraised value or the rate proposed whichever is lower.

Margin

Margin prescribed is 25%

Jewel Appraiser's Commission

Area Proposed
Rural areas 0.10% on the loan amount with min. of Rs. 51/- & max. of Rs. 510/-
Other areas 0.25% on the loan amount with min. of Rs. 102/- & max. of Rs. 510/-

Repayment

Loans are for a period of 12 months / operative limit for 2 years.

Security

Pledge of 22 carat gold / Hall marked Gold ornaments & jewellery

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