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Eligibility : |
- Applicant who is major, must be Resident of our service area village/town, preferably existing customer or reputed and known to the Bank fulfulling KYC Norms having saving bank A/c with the Bank.
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Rate Of Int :
| See the Rate |
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Repayment Period :
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For CC/OD:- within 12 months. Limit Renewable every year.
For DL:- Repayment should be made within 3 years in monthly/Quarterly/Half Yearly/Yearly installments coinciding with the harvesting & Marketing seasonal
generation of income from the business Activity.
Interest to be recovered as & When applied.
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Proposal Processing Charge:
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1% of sanctioned limit is to be recovered on the date of disbursement & there after annually on same date.
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Margin :
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Max & Min Loan:
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Minimum: Rs. 5000/-
Maximum: As per purity & weight of Gold ornaments.
No Loan should be given against below 18 carat gold ornaments
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Moratotium : | |
Security : |
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Gold Ornaments will remain as pledged to the bank.
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