Any Individual who is competent to enter into a valid Contract and to create Pledge except Financiers, Jewellers, & Jewellery Shop Owners
Overdraft
- Minimum : Rs.1,00,000/-
- Maximum : For Agriculture purpose- Rs.500000/-
- For General Purpose - Rs.1000000/-
Margin :- 25%
Repayment :-
- 12 Months (Part release of Jewels pledged are permitted).
Security :-
- Primary :
- Gold Jewels and Gold Coins (excluding Repledge).
- Condition :
- Weight and value of the Precious Stones embedded in the Gold Jewels should be disregarded
Interest :
- For MSE advances, Click RLLR Rates of Interest for RLLR based interest rates.
- For Other Advances, Click MCLR Rates of Interest for MCLR based interest rates.
- MCLR(1 Year-8.45%) + Risk Premium(NIL) + BSS(0.50%), presently 8.95% p.a.
Fees & Charges :
- Upto 5 Lakhs : Rs. 500 + GST
- Above Rs.5 lakhs to Rs.10 lakhs – Rs.1000 + GST
- Above Rs.10 lakhs to Rs.20 lakhs – Rs.2000 + GST