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 Home »  Retail »  Loans  » Ab Nonagricultural Gold Loans
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Loans against Gold Ornaments for Non Agricultural Purpose
 

 Purpose

Loans are allowed for  various purposes like

  • Pure consumption,
  • Personal
  • Business  and not for speculative purposes.
  •  
      Eligibility


    Any properly identified person/existing customers who are properly identified and accepted as a customer as per KYC-AML guidelines

      Rate of interest
     
    Fixed rate of interest @ 13%
     
    Security


    Minimum purity of 20 ct  will  be accepted.
    Hypothecation of the Gold Jewels in the form of jewelry, ornament. (Gold Coins sold by various Banks – will be treated as jewelery) .Bullion or primary gold will not be accepted.

     
     Quantum of Finance per gram

    Purity

    Revised(Rs)

    Subject to max LTV(Loan To Value ratio) of 75%

    Tenor One year

    Ornaments
    With Hall Marking

    916/ Corresponding to 22 carat

    1900

    875/ Corresponding to 21 carat

    1800

    Without Hall Marking

    22 carat

    1850

    21 carat

    1700

    20 carat

    1600

    Gold Coins: Our Bank/Other Banks

    Gold coins with 999.9 purity(corresponding to 24 ct)

    1950

    Gold coins with 916 purity

    1900

     
     

    No Processing charges

    Appraising charges : 1% of the loan amount sanctioned.
    50% concession in applicable charges for the limits above Rs.2.00 lakhs.

     
     
     
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    News & Events

    The existing customer grievance redressal mechanism would also cover the complaints relating to outsourcing

    Use your Visa Debit Card for shopping in POS/Online within 3 months of card issuance & get 5% Cash back. Offer applicable to cards issued after December 2013,T&C Apply

    AS A PART OF RISK MITIGATION MEASURE, DEBIT CARDS ISSUED AFTER 30-11-2013 ARE ENABLED FOR DOMESTIC TXNS ONLY. FOR FURTHER DETAILS PLEASE CONTACT OUR BRANCH.

    You can now donate to Shri Saibaba Sansthan Trust, Shirdi through IMPS-Mobile Banking.

    Presentation to Analysts

    Our Total Income during 12M of FY’12-13 increased to Rs. 13,957 Crore, recording a growth of 14.4%.

    Form 15G/15H has to be submitted afresh at the beginning of each financial year to avail exemption/concession in TDS. Quoting of PAN is mandatory for availing such exemptions/concessions.

    All our Banks’ cheques are “payable at par henceforth. We request all our customers to surrender their old cheque books at their account branch and obtain CTS 2010 Standard Cheque books immediately.

    We request all our customers who have issued postdated cheques for repayment of loan installments for loans availed by them to replace the old PDCs with new CTS 2010 Standard cheques.

    Online Grievance Redressal System with Tracking

    Online Applications for MSME and Retail Loans

    Online Donations to charitable institutions through net banking

    Online resetting of Internet Banking Login Password

    Interbank transfer of Funds through Mobile Banking using IFSC code

    As per RBI mandate, cash retraction facility is discontinued from our ATMs. Do not forget to collect cash before leaving ATM room.

    Any customer could walk in to deposit money in any branch of the bank if the account is in any other branch of the bank to which he wants to deposit the money and there will be no charges on this for any amount

    Fictitious Offers of Cheap funds from abroad - Awareness Campaign - List of Nodal Agency (Cyber Crime Cell / Economic Offence Wing)

    Complain to Local Police/Cyber Crime Authorities against Fictitious Offers of Money from Abroad

    PPF and SCSS schemes

    Do Not fall Prey to Fictitious Offers of Funds Transfer

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