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PSB GOLD LOAN

Purpose

Loans to individuals for productive and consumption purposes against the security of gold jewellery/ornaments and gold coins (issued by Scheduled Commercial Banks/MMTC).

Eligibility

Fully KYC Compliant Customers including staff members and ex-staff and their family members.

Nature of Credit facility

1)  Demand Loan   2) Term Loan    3) Overdraft

Quantum of Finance

Minimum:       Rs 10000.00

Maximum:      Rs 25.00 Lakh

Rate of Interest

Please click here For rate of interest 

Scale of Finance

 75/65% of value of gold ornaments/jewellery arrived at the rate per gram of gold notified by the Bank on daily basis.

Repayment

  • Demand Loan, Overdraft & Term Loan with Interest serving or quarterly/Half Yearly/Yearly Installment  - Maximum repayment period upto 12 months.
  • Bullet Payment /Installment (Quarterly/Half Yearly)- 12 months

 

Term Loan with EMI – Maximum upto 36 months.

Processing charges:

  • Loan/Limits  up to Rs. 2.00 lakh : 500/-
  • Loan/Limits above Rs. 2.00 lakh : 0.50% subject to a maximum of Rs.10000/-

Documentation Charges :

  • Loan/Limits  up to Rs. 2.00 lakh : NIL
  • Loan/Limits above Rs. 2.00 lakh : Rs.100 per lakh subject to max of Rs.2000/-

Click Here to view Complete Checklist  

Click Here to Apply for Retail Loan  

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