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TMB - Gold Overdraft

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 :

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