Cent Personal Gold Loan

Purpose

• To meet urgent personal expenses like marriage / medical / educational needs, etc. other than for Agricultural purpose.

Nature of Facility

• Demand Loan against pledge of gold ornaments of 22 Carat purity or Gold Coins (Maximum 50 gram per person) sold by Bank.

Security

• Pledge of gold ornaments of 22 Carat purity or Gold Coins sold by our Bank.
• In case of gold coins (24 carat) sold by banks , pledged security should not exceed 50 grams per borrower.

Quantum of loan

• Minimum Rs 10000/ - Maximum Rs 40,00,000/

Margin:

• 25% of the value at the time of sanction.

Repayment

• The tenor of the loan should not exceed 12 months from the date of sanction.

Processing Fees

• 0.50% of the loan amount, Minimum : Rs.250/- & Maximum: Rs.5000/ (Processing fee is exclusive of appraiser fees & appraiser fees has to be recovered additionally)
• Processing Charges on "Cent Personal Gold Loan Scheme" is waived up to 31.03.2024

Documentation Charges

• NIL

Rate of Interest: RBLR+CRP