Eligibility:
All individual being true owner of the gold ornaments/Jewellery/specially minted gold coins sold by the banks. The weights of specially minted gold coins should not exceed 50grams per customer.
Age :
Minimum Age: 18Years
Maximum Age: 70Years.
Maximum Amount of Finance :
Rs.15.00Lakh
Margin :
25% of value as applaised by bank's approved assayer.
Features :
Credit Facility in form of Cash Credit (For Agriculture Production Purpose Only) & Demad Loan.
Concessional Rate of interest to borrowers engaged in Agriculture Allied & MSME activities for loan amount upto Rs.3.00Lakh.
Repayment period of 01Years.
No processing & documentation charges for loan amount upto Rs.25000/-
No Prepayment charges.