Gold Loan Interest Rate And Charges

Loan Amount

Rs 10,000

Rs 10,000,000

Loan Tenure

6 months

12 months

9%

18.00%

14.65%

Processing Fees

1.0% of loan amount

1.0% of loan amount

Foreclosure charges

1%, If a/c is closed within 11 months

1%, If a/c is closed within 5 months

NIL, If a/c is closed after 11 months

NIL, If a/c is closed after 5 months

Gold OD - 1% of the facility amount, if the facility is prepaid within 11 months or post 30 days of auto-renewal.

NA

Valuation Charges

For loans:

• Up to 1 lakh: Rs 100

• Greater than 1 Lakh up to 2 lakh: Rs 200

• Greater than 2 lakh up to 3 lakh: Rs 300

• Greater than 3 lakh up to 4 lakh: Rs 400

• Greater than 4 lakh : Rs 500

Top Up Charges

1% of Top Up amount*
*Subject to minimum of Rs. 250

Documentation Charges*

Rs 199

Renewal Fees

For loans:

• Up to 50 thousand: Rs 300

• Greater than 50 thousand up to 1 lakh: Rs 350

• Greater than 1 lakh up to 2 lakh: Rs 500

• Greater than 2 lakh :Rs 1000

Penal charges on overdue amount

Penal charges will be equal to 5% per annum on the overdue amount, from the due date until the actual payment date plus applicable taxes or other statutory levies, if any. 

Stamp Duty and other statutory charges

As per Applicable laws of the State

Overdue Handling Charges (delinquent accounts)

1. 750 where a notice has been delivered at the communication address and a paper publication is not required

2. 1,700 where no notice has been delivered at the communication address and the paper publication is to be done

3. 300 charge for sending auction notice, over and above the preceding points I) and II)

4. 200 for sending loan recall notice over and above the preceding points I) and II)