Gold Loan

Loan against gold with quick processing.

Title	Norms
Scheme Name	Akshay Tritiya Gold Loan Scheme
Purpose	The loan is for Gold Purchase. Specific rates for gold valuation: For 24 Carat: 7000/- per gm. For 22-23 Carat: 6000/- per gm.
Loan Disbursement	70-80% of Gold Valuation. As per valuation report of jewelers.
Repayment of Loan	Monthly EMI.
Rate of Interest	9% for Gold Mortgage. 9% for Gold Purchase. 11% for Gold C.C. (Cash Credit) Limit.
Valuation of Gold	Market Rate Minus Rs. 3000/-.
Margin	20% on Market Rate Minus Rs. 3000/-.
Share	Borrower contribution: Rs. 1236/- Guarantor contribution: 112/-
Processing Fee	Upto 10 Lakhs: 0.5% + GST. Above 10 Lakh: 0.25% + GST.
Interest Recovery	Interest to be Recover every Month.