- Applicant who is major, must be Resident of our service area village/town, preferably existing customer or reputed and known to the Bank fulfilling KYC Norms having saving bank A/c with the Bank.
Rate of Intrest
- 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.
Proposal Processing Charge
- 2% of sanctioned limit is to be recovered on the date of disbursement & there after annually on same date.
Max & Min Loan:
- Minimum: Rs.5000/-
- Maximum: As per purity & weight of Gold ornaments.
- No Loan should be given against below 18 carat gold ornaments
- Gold Ornaments will remain as pledged to the bank.