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Benefits

Scheme for Advance Against Gold Jewellery/Gold Ornaments

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To apply for the scheme for advance against Gold Jewellery/ Gold Ornaments Click here

Gold Rate

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Gold Coins (24 K)- Click here

PURPOSE

NON-AGRI (RETAIL) GOLD LOAN PNB SWARNIM
(AGRI. GOLD LOAN)
Advance be granted against the security of gold Jewellery/ ornaments for personal needs and for non-agricultural purposes only (meeting medical, educational, marriage expenses and other unforeseen expenses etc.). To meet the short-term production / investment credit for:

Crop production/ allied agriculture activities.

Acquiring farm machinery, irrigation equipment, taking up horticulture activity, transport vehicle for transporting of agri. produce etc.

Repayment of loans availed from non-institutional lenders.

All other agriculture activities which are permitted to be classified under agriculture as per RBI/GOI/NABARD guidelines.

Eligibility

NON-AGRI (RETAIL) GOLD LOAN PNB SWARNIM
(AGRI. GOLD LOAN)
An individual person resident of India

All farmers; Individuals/ Agri. entrepreneurs including Tenant farmers, Oral lessees and Sharecroppers.

Any person engaged in any agriculture or allied activities as well as persons engaged in activities permitted by RBI to be classified under agriculture.

QUANTUM OF FINANCE

NON-AGRI (RETAIL) GOLD LOAN PNB SWARNIM
(AGRI. GOLD LOAN)

Min. Amount of Loan – Rs. 0.25 lakh

Max. Amount of Loan - Rs.25.00 lakh

 Maximum Extent of Loan: Rs.10.00 lakh per borrower.

NATURE OF FACILITY

NON-AGRI (RETAIL) GOLD LOAN PNB SWARNIM
(AGRI. GOLD LOAN)

Demand loan – Bullet Repayment - Maximum 12 months.

Demand Loan - EMI BASED - Repayment Period: Maximum: 36 months.

Overdraft - The overdraft facility will be sanctioned for a period of 12 months only subject to annual review.

 Demand Loan – Demand loan facility with one year tenor.

SECURITY

NON-AGRI (RETAIL) GOLD LOAN PNB SWARNIM
(AGRI. GOLD LOAN)
Pledge of Gold Jewellery/ ornaments.

MARGIN

NON-AGRI (RETAIL) GOLD LOAN PNB SWARNIM
(AGRI. GOLD LOAN)
Variant Margin
DL-Bullet 32%
TL- EMI 28%
OD 28%
Demand Loan (Agriculture) – 15 %

RATE OF INTEREST

NON-AGRI (RETAIL) GOLD LOAN PNB SWARNIM
(AGRI. GOLD LOAN)
Sanction limit Up to Rs 10 Lakhs - RLLR + 0.85%(8.95%)
Sanction limit Above 10 Lakhs- RLLR + 0.90%(9.00 %)		 Applicable RoI:
Sanction limit Up to Rs 2.5 Lakhs - (RLLR 8.10%+0.40%)(8.50%)
Sanction limit Above 2.5 Lakhs- (RLLR 8.10%+0.65%)(8.75%)

CHARGES

NON-AGRI (RETAIL) GOLD LOAN PNB SWARNIM
(AGRI. GOLD LOAN)

Processing Fee/Upfront Fee- 0.30% of loan amount + GST or Rs. 500 + GST, whichever is higher.

Documentation Charges- NIL

Upfront Fee

Upto Rs.50000 - NIL

Above Rs. 50000 upto Rs. 2.00 lakh- Rs. 500 +GST

Above Rs. 2.00 lakh- 0.30% of the loan amount +GST

Documentation Charges- NIL

VALUATION CHARGES – Rs 3.00 per thousand + GST, maximum Rs. 500.00 + GST Upto 5 Lakh.

Rs. 1000.00 + GST Above 5 Lakh.

REPAYMENT

NON-AGRI (RETAIL) GOLD LOAN PNB SWARNIM
(AGRI. GOLD LOAN)
Nature of Facility Repayment Type Prescribed Tenure
Demand loan Bullet Maximum repayment period of 12 months.
Term Loan Demand Loan - EMI BASED EMI Maximum repayment period of 36 months.
OD facility Maximum repayment period of 36 months subject to annual review.
Due date of repayment shall be 12 months from the date of disbursement.

DISBURSEMENT

NON-AGRI (RETAIL) GOLD LOAN PNB SWARNIM
(AGRI. GOLD LOAN)
The disbursement of the Demand loan should be by way of credit in the Saving Bank / Current account of the borrower maintained with us or any other bank. No cash disbursement. The proceeds of the loan are to be credited to the Saving a/c or KCC a/c or saving account with other bank of the borrower.

Method of Valuation

Method of Determination of Net Weight / Purity of Gold

Touch Stone Method

Nitric Acid Test Method

Specific Gravity Method

Certificate by Shroff for LTV Calculation:

Description of the Article Gross Weight (in grams) Deductions if any relating to weight of stones, lac, alloy, strings, fastenings etc Net Weight Damage, breakage or defects, if any, noticed in the collateral Rate per Gram Appraised value (Lower of the two in case of loan amount is above 5 lac)
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