• Facility: Term Loan or Overdraft
• Pre-Payment Charges: Nil
• CIBIL check: NA
• Collateral: Nil
• Guarantor: Nil
• Repayment:
  • For Term Loan
    • Bullet payment Option: Not to exceed 12 months from the date of sanction.
    • EMI Option: Not to exceed 60 months from the date of sanction.
  • For Overdraft: 24 months (To be closed on or before due date)
  • Drop-line Overdraft Limit: 60 months (Maximum)
• Maximum Amount:
  • Term Loan
    • With Bullet Repayment: Rs.25.00 lakhs
    • With EMI:
      • Consumption Purpose: Rs.25.00 lakhs
      • Income Generation (Business Purpose): Rs.50.00 Lakhs 
  • Overdraft
    • Rs 50.00 lakh for Personal Requirements Consumption Purpose) and Business (Income Generation) Purpose.
  • Drop-line Overdraft Limit:
    • Rs50.00 lakh for Personal Requirements Consumption Purpose) and Business (Income Generation) Purpose.
• Minimum Handling Charges for part release of ornaments: Rs 500/-

• To meet Personal / Family expenses in case of any exigencies.
• To meet Business need
• Any legitimate purpose acceptable to the Bank.

(Not for purchase of Gold in any form) 

Pledge of Gold Ornaments, Jewellery and Coins.

• Individual, Firm (Proprietary / Partnership) except stock / share broker(s)/money lenders.
• Prerequisites / Documents
  • Compliance of KYC norms.
  • Saving / Current Account with the branch / bank
  • Declaration from the applicant that the ornaments are owned by him/her & have fullest right to pledge them to the bank and agrees to pay valuation charges prescribed by the bank.
  • Copy of passbook / statement of account with transaction record of last 6 months of operative account with other bank (in case of new / non-operative account with us).
  • Last 2 / 3 years financial statement for professional / business class (Gold Loan above Rs. 2.50 lakhs)
  • Last 3 month’s salary slips & Form No. 16 of previous financial year in case of salaried persons. (Gold Loan above Rs. 2.50 lakhs)
  • Declaration of Income, if no other proof of income is available from borrower of loan up to Rs. 2.50 lac is not required.
  • Yearly cash accruals should be more than yearly EMIs of all existing loans + proposed gold loan.
  • In case of salaried borrower, our practice of total deductions including proposed gold loan not to exceed 65% of gross salary should be ensured.

Rate of Interest (Floating – for the period up to 31.07.2026)

• Term Loan:
  • Bullet Repayment (Loan Amount ≤₹2.5 lakh) – 8.50% p.a.
  • Bullet Repayment (Loan Amount > ₹2.5 lakh & ≤ ₹5 lakh)- 8.75% p.a.
  • Bullet Repayment (Loan Amount > ₹5 lakh & ≤ ₹10 lakh)- 9.00% p.a.
  • Bullet Repayment (Loan Amount above ₹10 lakh)- 7.75% p.a.
  • EMI Repayment (Loan Amount up to ₹10 lakh)– 9.50% p.a.
  • EMI Repayment (Loan Amount Above ₹10 lakh)– 7.75% p.a.
• Overdraft(Regular)
  • Loan Amount up to ₹10 lakh – 9.50% p.a.
  • Loan Amount Above ₹10 lakh – 7.75% p.a.
• Overdraft (Drop-line)
  • Loan Amount up to ₹10 lakh – 9.00% p.a.
  • Loan Amount Above ₹10 lakh – 7.75% p.a.