#

Rural

Purpose

To meet Credit needs for Agriculture/MSME/OPS/Retail/Consumption Purpose.

Eligibility

Any individual who is lawful owner of Gold jewellery/ornaments/coins, preferably account holder of the Branch.

Quantum of Loan

For Agricultural/ MSME/ Retail and Other Priority Sector activities:Maximum Rs.50 Lakh

Security:

Pledge of gold jewellery/ornaments/coins belonging to the borrower intending to be pledged with the Branch.

Margin

For Agricultural purpose: 15 to 35% For MSME/OPS/ Other purpose: 25 to 35%

Rate of Interest (w.e.f. 05.07.2021)

Activity Upto 12 months* Above 12 months upto 36 months*
Agriculture @7.30% p.a @7.60% p.a
Food & Agro @7.35% p.a @7.65% p.a
MSME/OPS @7.65% p.a @8.15% p.a
Consumption/Nonpriority @8.45% p.a @8.95% p.a

Processing Charges

Limit Agriculture* MSME/OPS/Consumption*
Upto 1.00 lakh Nil Nil
Over 1.00 lakh Rs.125/- per lakh; Max. Rs.1000/- Rs.150/- per lakh; Max. Rs.1500/-

Repayment

Principal repayment schedules may be fixed at monthly, quarterly, half-yearly, yearly instalments or bullet repayment depending on income generation and/or seasonality.

 

*For further details please contact to nearest branch