Gold Loan


  • KYC compliant SB account holder with Aadhar number, Mobile no. PAN number and Chequebook.

  • Relaxation in obtaining PAN Card and PDCs can be considered for limits upto Rs.20,000/- by BM Upto Rs.50,000/- By HO Chief Manager Credit,

  • No relaxation for limit above Rs.50,000/-

  • No Gold Loan to valuer or his close relatives.

  • Purpose of Advance

  • Any personal purpose.(No loan for speculative purpose).

  • Under Non Priority Sector

  • Quantum of Finance

  • Minimum Rs. 5000/-

  • Minimum Rs. 5000/-

  • Card Rate

  • Card Limit- Rs.2000/- per gm

  • Reduction of Rs.500/- per gm

  • Per carat below 22 carat.

  • Repayment Terms/ Maximum Repayment period

  • Bullet repayment i.e. entire amount to be repaid in one instalment with in twelve months after disbursement. Interest to be recovered with instalment.

  • Handling charges

  • Upto Rs10,000/- -Rs.10/-

  • 10001 to Rs. 15,000/- -Rs.25/-

  • 15,001 to Rs.25,000/- -Rs.50/-

  • 25,000 to 1,00,000/- Rs.100/-

  • Above Rs.1,00,000/- Rs.200/-

  • Recovery & closure of account

  • Account should be closed within 12 months from the date of disbursement. If the account is not closed within 12 months branches should immediately go for auction of the ornaments .