*GOLD LOAN
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Gold loan General (80% of market value)
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Max.loan amount |
25 lakhs per individual per day |
Cir No.35/2022 dtd:30.03.22 w.e.f. 01.04.22
Min interest Rs.25 for loans above Rs.5000/-
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Upto & including Rs.20000/- |
6.75% |
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Rs.20001 to Rs.30000 |
8.50% |
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Above Rs.30000 upto & including Rs.25 lakhs |
8.00% |
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Default Rate 3 months to 6 months |
8.25% |
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6 months to 9 months |
8.5% |
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9 months to 1 year |
8.75% |
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Above 1 year |
9% |
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Janamithram gold loan (90% of market value)period of 1 year & yearly diminishing with EMI |
Max.loan amount |
10 lakhs per day |
Cir No. 32/2020 dtd:29.05.20 , Cir.No. 90/2021 dtd:30.11.21 w.e.f. 01.12.21 |
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Upto 1000,000/- |
4.90% |
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Default Rate After 1 yr |
12.00% |
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Ajayya Gold Loan (for Women) |
Max.loan amount |
25000 |
Cir No.05/2022 dtd:12.01.22, w.e.f. 14.01.22 to 31.03.22 |
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Upto 25000/- (Max. 1 Year)
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5.00% | ||||
Change in limit in Gold Loan Scheme.... dt 15-07-2019 - Branch Level Limit
Cir 34-2019 (BD) Change in limit in Gold Loan Scheme of the Com dt 15-07-2019
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