FINANCING AGAINST PLEDGE OF GOLD ORNAMENTS/ JEWELLERY/ GOLD COINS FOR AGRICULTURE AND NON- AGRICULTURE PURPOSE (S)

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.

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.

Min. Amount of Loan – Rs. 0.25 lakh

Max. Amount of Loan - Rs.25.00 lakh

Min. Amount of Loan – Rs. 10000/-

Max. Amount of Loan - Rs.25.00 lakh

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 – Bullet Repayment - Demand loan facility with max 12 months tenor.

Demand Loan - EMI BASED - Loans will be sanctioned for maximum tenor of 36 months and repayment shall be monthly.

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

Pledge of Gold Jewellery / Ornaments / Coins.

No loan to be sanctioned against bullion, primary/ smuggled gold.

In case of ornaments with jewel fittings, infilling, net weight as certified by assessor shall be considered for determination of quantum of 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. 2.50 lakh- Rs. 500 +GST

Above Rs. 2.00 lakh- 0.25% of the loan amount +GST (Maximum upto Rs.5000 + GST)

Documentation Charges- NIL

Other Charges:

CIC (CIBIL, Equifax etc.) charges as applicable (presently Rs 100 + GST.)

Valuation Charges (Appraisal charges): - Applicable Gold Appraiser Fee should be borne by the customer. The valuer will be paid Rs. 3/- per thousand with maximum Rs.500/-.

Re-appraisal Charges: - The appraiser will be paid Rs.100/- per pouch at the time of revaluation of Jewellery.

Safe keeping charges: - Rs. 100/- per month or part thereof to be charged and to be recovered after the expiry of the prescribed tenure of gold Loan for every type of loan facility (Currently 12/36 months respectively) as Safe Keeping charges after closure of loan facility.