| GOLD LOAN SCHEMES |
KERALA |
KARNATKA |
TAMIL NADU |
ODISHA |
BIHAR |
|
| Scheme Name |
Loan Tenure |
Slab |
INTEREST RATE |
INTEREST RATE |
INTEREST RATE |
INTEREST RATE |
INTEREST RATE |
|
| GL-DS Scheme |
90 Days |
0 – 30 Days |
12.00% |
12% |
12% |
12% |
12% |
|
| 31 – 60 Days |
20.00% |
20% |
20% |
20% |
20% |
|
| 61 – 90 Days |
24.00% |
24% |
24% |
24% |
24% |
|
| GL SY Scheme |
90 Days |
0 – 30 Days |
18.50% |
18.50% |
18.50% |
18.50% |
18.50% |
|
| 31 – 60 Days |
25.00% |
25% |
25% |
25% |
25% |
|
| 61 – 90 Days |
28.00% |
28% |
28% |
28% |
28% |
|
| Privilege Loan (GL-PL1 Scheme)/OGL 10 / GL-X |
90 Days |
0 – 30 Days |
20.50% |
25.50% |
25.00% |
26.50% |
27.00% |
|
| 31 – 60 Days |
27.50% |
27.50% |
27.50% |
27.50% |
28.00% |
|
| 61 – 90 Days |
29.00% |
29.00% |
29.00% |
29.00% |
30.00% |
|
| XGPLUS |
180 Days |
0 – 30 Days |
21.50% |
25.50% |
25.50% |
26.50% |
25.50% |
|
| 31 – 60 Days |
27.50% |
27.50% |
27.50% |
27.50% |
27.50% |
|
| 61 – 90 Days |
28.50% |
28.50% |
28.50% |
29.00% |
28.50% |
|
| SGPLUS |
270 Days |
0 – 30 Days |
21.50% |
25.50% |
25.50% |
26.50% |
25.50% |
|
| 31 – 60 Days |
27.00% |
27.00% |
27.00% |
27.50% |
27.00% |
|
| 61 – 270 Days |
28.00% |
28.00% |
28.00% |
29.00% |
28.00% |
|
| SAPLUS |
365 Days |
0 – 30 Days |
21.50% |
25.50% |
25.50% |
26.50% |
25.50% |
|
| 31 – 60 Days |
27.00% |
27.00% |
27.00% |
27.50% |
27.00% |
|
| 61 – 3650Days |
28.00% |
28.00% |
28.00% |
29.00% |
28.00% |
|
| HV-A |
90 Days |
0 – 30 Days |
20.00% |
23.00% |
23.00% |
24.00% |
23.00% |
|
| 31 – 60 Days |
27.00% |
27.00% |
27.00% |
27.00% |
27.00% |
|
| 61 – 90 Days |
28.00% |
28.00% |
28.00% |
28.00% |
28.00% |
|
| HV-1A |
90 Days |
0 – 30 Days |
19.00% |
20.00% |
20.00% |
22.00% |
20.00% |
|
| 31 – 60 Days |
25.00% |
25.00% |
25.00% |
25.00% |
25.00% |
|
| 61 – 90 Days |
26.00% |
26.00% |
26.00% |
26.00% |
26.00% |
|
| HV-2A |
90 Days |
0 – 30 Days |
17.00% |
18.00% |
18.00% |
20.00% |
18.00% |
|
| 31 – 60 Days |
23.00% |
23.00% |
23.00% |
23.00% |
23.00% |
|
| 61 – 90 Days |
24.00% |
24.00% |
24.00% |
24.00% |
24.00% |
|
| H3 |
90 Days |
0 – 30 Days |
15.00% |
15.00% |
15.00% |
15.00% |
15.00% |
|
| 31 – 60 Days |
19.00% |
19.00% |
19.00% |
19.00% |
19.00% |
|
| 61 – 90 Days |
24.00% |
24.00% |
24.00% |
24.00% |
24.00% |
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| 3% p.a. for the defaulted amount for defaulted period over and above the highest interest rate slab. |
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| All Schemes are Monthly Compounding |
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| THE MODIFIED THE INTEREST RATE UNDER OGL 10 SCHEMES AS FOLLOWS (from 03/12/2019): |
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| Particulars |
Present Interest Rate Rebate |
Modified Interest Rate Rebate |
Present Interest % |
Modified Interest % |
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| Effective Interest Rate/Interest Rebate |
*4 Repledge in every 15 days from the inventory created date- Interest Rebate 8.5% at Kerala and 10% at Out side Kerala. |
*4 Repledge in every 15 days from the inventory created date- Interest Rebate 4.5% at Kerala and 6% at Outside Kerala. |
*Effective interest rate will be 12%(Kerala), TN-15%,KA-15.50%, OR-16.50% & BR- 17% (Outside Kerala) |
*Effective interest rate will be -16%(Kerala), TN-19%, KA- 19.50%, OR- 20.50% & BR- 21%(Outside Kerala) |
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| *3 Repledge in every 15 days from the inventory created date- Interest Rebate 5.5% at Kerala and 6% at Out side Kerala. |
*3 Repledge in every 15 days from the inventory created date- Interest Rebate 3.5% at Kerala and 4% at Out side Kerala. |
*Effective interest rate will be 15%(Kerala), TN-19%,KA-19.50%, OR-20.50% & BR- 21% (Outside Kerala) |
*Effective interest rate will be -17%(Kerala), TN-21%,KA-21.50% , OR- 22.50% & BR-23% (Outside Kerala) |
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| *2 Repledge in every 15 days from the Inventory created date- Interest Rebate 2.5% at Kerala and 4% at Out side Kerala. |
*2 Repledge in every 15 days from the Inventory created date- Interest Rebate 2.5% at Kerala and 3% at Out side Kerala. |
*Effective interest rate will be -18%(Kerala), TN -21%, KA-21.50%, OR- 22.50%, & BR- 23% (Outside Kerala) |
*Effective interest rate will be -18.5%(Kerala), TN-22%,KA-22.50% , OR-23.50% & BR-24%(Outside Kerala) |
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| *2 Repledge in every 30 days from the inventory created date(1ST Repledge in 1-15 days & Next Repledge in 16-30 days)- Interest Rebate 1.5% at Kerala and 2% at Out side Kerala. |
*2 Repledge in every 30 days from the inventory created date(1ST Repledge in 1-15 days & Next Repledge in 16-30 days) - Interest Rebate 1.5% at Kerala and 2% at Out side Kerala. |
*Effective interest rate will be -19% (Kerala), TN-23%, KA-23.5% , OR- 24.50% & BR- 25%(Outside Kerala) |
*Effective interest rate will be -19% (Kerala), TN-23%, KA-23.5%, OR-24.50% & BR-25% (Outside Kerala) |
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| *1 Repledge in every 30 days from the inventory created date- Interest Rebate 1% at Kerala and 1% at Out side Kerala. |
*1 Repledge in every 30 days from the inventory created date- Interest Rebate 1% at Kerala and 1% at Out side Kerala. |
*Effective interest rate will be -19.5% (Kerala), TN-24%, KA-24.5% , OR- 25.50% & BR- 26% (Outside Kerala) |
*Effective interest rate will be -19.5% (Kerala), TN-24%, KA-24.5% , OR- 25.50% & BR- 26%(Outside Kerala) |
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| · The Interest rate Rebate is applicable only for online re-pledges under OGL schemes. |
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· The existing Rebate structure will be available till the end of existing re-pledge buckets (15/30days) and from next bucket onwards
revised Rebate structure will be applicable. |
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| · All other conditions of OGL special Rebate scheme remain same. |
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| Lending deduction to arrive at the “Net Weight” for all schemes stated above:- |
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| Assessed Purity Range |
91.6 % & above (22 Ct) |
87 to < 91.6 % |
83 to < 87 % (20 to 21 Ct) |
79 to <83 % (19 to 20 Ct) |
75 to < 79 % (18 to 19 Ct) |
70 to < 75 % (17 to 18 Ct) |
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| (21 to 22 Ct) |
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| Average Deduction in Purity |
0% |
3% |
7% |
12% |
16% |
21% |
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| Note: In Odisha purity 75% below (18Ct) are not to be accepted |
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| Deduction of Stone Weight of Gold: |
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| Deduction based on weight of stone |
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| If weight of stone is less than 5 % of the gross weight |
No additional deduction |
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| If weight of stone is 5-10% of the gross weight |
Normal deduction as per the purity of gold + 1% additional deduction |
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| If weight of stone is 10-25% of the gross weight |
Normal deduction as per the purity of gold + 2% additional deduction |
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| If weight of stone is more than 25%- 49% of the gross weight |
Normal deduction as per the purity of gold + 5% additional deduction |
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| If weight of stone is more than or equal to 50% of the gross weight |
Not accepted the ornaments |
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| Stone weight includes weight of various stones, thread, plastic, copper and any other material fixed on the gold ornaments. |
| Slab for Gold Processing Charge:- |
| The processing charge is to be collected from customers only at the time of settlement in all pledges. |
| Particulars |
Gold Processing Charge |
Documentation Charge |
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| All Pledges |
Rs.10/- (Rupees Ten Only) |
Rs. 8/- (Rupees Eight Only) for First Transaction |
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| Rs. 2/- (Rupees Two Only) for Second Transaction Onwards |
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| OGL 10 Pledges |
0.007% FOR THE NEW LOAN AMOUNT |
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