Gold Loan Schemes
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S Category Branches ( 26 Branches) |
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Scheme |
Tenure |
Loan Limit |
LTV |
Base Interest |
Monthly |
Bimonthly |
Quarterly |
X |
365 |
Rs 1000 |
75% |
26.00% |
24.50% |
26.00% |
26.00% |
PL1 |
365 |
Rs 1000 |
75% |
26.00% |
21.00% |
25.00% |
26.00% |
MA1S |
365 |
Min 1 L |
75% |
29.00% |
21.00% |
25.00% |
26.00% |
MKL1S |
365 |
Min 1.95L |
75% |
29.00% |
20.00% |
24.00% |
26.00% |
MKL2S |
365 |
Min 3L |
75% |
26.00% |
19.00% |
24.00% |
26.00% |
MKL3S |
365 |
Min 4L |
75% |
26.00% |
18.00% |
23.00% |
26.00% |
MKL4S |
365 |
Min 5L and Above |
75% |
26.00% |
13.50% |
18.00% |
24.00% |
SS21S |
365 |
Min 1 L |
65% |
26.00% |
16.50% |
22.00% |
25.00% |
SS22S |
365 |
Min 1.95L |
65% |
26.00% |
15.50% |
22.00% |
25.00% |
SS23S |
365 |
Min 3L |
65% |
26.00% |
14.50% |
22.00% |
25.00% |
SS24S |
365 |
Min 4L |
65% |
26.00% |
13.50% |
22.00% |
25.00% |
SS25S |
365 |
Min 5L and Above |
65% |
26.00% |
11.90% |
22.00% |
25.00% |
SA+1S |
365 |
Min 1.95L |
60% |
26.00% |
10.90% |
20.00% |
24.00% |
ML |
365 |
Rs 5000 |
75% |
26.00% |
15.50% |
20.00% |
26.00% |
SY |
365 |
Max 1L |
60% |
29.00% |
21.50% |
24.00% |
24.00% |
DS |
365 |
Max 50k |
50% |
29.00% |
12.00% |
20.00% |
24.00% |
MT+S ( Takeover Scheme) |
365 |
Min 1.99 L |
75% |
27.00% |
14.90% |
20.00% |
24.00% |
MT+2 ( Takeover Scheme) |
365 |
Min 3L |
75% |
26.00% |
12.90% |
17.00% |
24.00% |
MT PLUS ( Takeover Scheme) |
365 |
Rs 50000 |
75% |
29.00% |
16.00% |
20.00% |
26.00% |
2. Gold Loan Schemes for A Category Branches
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A Category Branches (22 Branches) |
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Scheme |
Tenure |
Loan Limit |
LTV |
Base Interest Rate |
Monthly |
Bimonthly |
Quarterly |
X |
365 |
Rs 1000 |
75% |
26.00% |
24.50% |
26.00% |
26.00% |
MA1A |
365 |
Min 1 L |
75% |
29.00% |
24.00% |
25.00% |
26.00% |
MKL1A |
365 |
Min 1.95L |
75% |
29.00% |
21.00% |
24.00% |
26.00% |
MKL2A |
365 |
Min 3L |
75% |
26.00% |
20.00% |
24.00% |
26.00% |
MKL3A |
365 |
Min 4L |
75% |
26.00% |
19.00% |
24.00% |
26.00% |
MKL4A |
365 |
Min 5L and Above |
75% |
26.00% |
13.90% |
24.00% |
26.00% |
SS21A |
365 |
Min 1 L |
65% |
26.00% |
16.50% |
22.00% |
25.00% |
SS22A |
365 |
Min 1.95L |
65% |
26.00% |
15.50% |
22.00% |
25.00% |
SS23A |
365 |
Min 3L |
65% |
26.00% |
14.50% |
22.00% |
25.00% |
SS24A |
365 |
Min 4L |
65% |
26.00% |
13.50% |
22.00% |
25.00% |
SS25A |
365 |
Min 5L and Above |
65% |
26.00% |
11.90% |
22.00% |
25.00% |
SA+1A |
365 |
Min 1.95L |
60% |
26.00% |
10.90% |
20.00% |
24.00% |
SY |
365 |
Max 1L |
60% |
29.00% |
21.50% |
24.00% |
24.00% |
DS |
365 |
Max 50k |
50% |
29.00% |
12.00% |
20.00% |
24.00% |
ML |
365 |
Rs 5000 |
75% |
26.00% |
15.50% |
20.00% |
26.00% |
MTPLUS ( Takeover Scheme) |
365 |
Rs 50000 |
75% |
29.00% |
16.00% |
20.00% |
26.00% |
MT+2 (Takeover Scheme) |
365 |
Min 3L |
75% |
26.00% |
12.90% |
17.00% |
24.00% |
MT+A (Takeover Scheme) |
365 |
Min 1.99 L |
75% |
27.00% |
14.90% |
20.00% |
24.00% |
3. Gold Loan Schemes for B Category Branches
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B Category 5 Branches |
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Scheme |
Tenure |
Loan Limit |
LTV |
Base Interest Rate |
Monthly |
Bimonthly |
Quarterly |
X |
365 |
Rs 1000 |
75% |
26.00% |
24.50% |
26.00% |
26.00% |
MA1B |
365 |
Min 1L |
75% |
29.00% |
24.00% |
25.00% |
26.00% |
MA2B |
365 |
Min 2L |
75% |
29.00% |
22.00% |
24.00% |
26.00% |
MKL1B |
365 |
Min 3L |
75% |
26.00% |
21.00% |
24.00% |
26.00% |
MKL2B |
365 |
Min 4L |
75% |
26.00% |
20.00% |
24.00% |
26.00% |
MKL3B |
365 |
Min 5L and Above |
75% |
26.00% |
14.90% |
24.00% |
26.00% |
SS21B |
365 |
Min 3L |
65% |
26.00% |
15.00% |
22.00% |
25.00% |
SS22B |
365 |
Min 4L |
65% |
26.00% |
14.00% |
22.00% |
25.00% |
SS23B |
365 |
Min 5L and Above |
65% |
26.00% |
12.50% |
22.00% |
25.00% |
SA+1B |
365 |
Min 3L |
60% |
26.00% |
10.90% |
20.00% |
24.00% |
SY |
365 |
Max 1L |
60% |
29.00% |
21.50% |
24.00% |
24.00% |
DS |
365 |
Max 50k |
50% |
29.00% |
12.00% |
20.00% |
24.00% |
ML |
365 |
Rs 5000 |
75% |
26.00% |
15.50% |
20.00% |
26.00% |
MTPLUS ( Takeover Scheme) |
365 |
Rs 50000 |
75% |
29.00% |
16.00% |
20.00% |
26.00% |
MT+2 ( Takeover Scheme) |
365 |
Min 3L |
75% |
26.00% |
12.90% |
17.00% |
24.00% |
MT+B ( Takeover Scheme) |
365 |
Min 1.99L |
75% |
27.00% |
14.90% |
20.00% |
24.00% |
4. Gold Loan Schemes for C Category Branches
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C Category 5 Branches |
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Scheme |
Tenure |
Loan Limit |
LTV |
Base Interest Rate |
Monthly |
Bimonthly |
Quarterly |
X |
365 |
Rs 1000 |
75% |
26.00% |
24.50% |
26.00% |
26.00% |
MA1C |
365 |
Min 1L |
75% |
29.00% |
24.00% |
25.00% |
26.00% |
MA2C |
365 |
Min 2L |
75% |
29.00% |
23.50% |
24.00% |
26.00% |
MA3C |
365 |
Min 3L |
75% |
26.00% |
22.00% |
23.00% |
26.00% |
MKL2C |
365 |
Min 5L |
75% |
26.00% |
16.90% |
24.00% |
26.00% |
SS22C |
365 |
Min 5L |
65% |
26.00% |
14.00% |
22.00% |
25.00% |
SA+2C |
365 |
Min 5L and Above |
60% |
26.00% |
10.90% |
20.00% |
24.00% |
SY |
365 |
Max 1L |
60% |
29.00% |
21.50% |
24.00% |
24.00% |
DS |
365 |
Max 50k |
50% |
29.00% |
12.00% |
20.00% |
24.00% |
ML |
365 |
Rs 5000 |
75% |
26.00% |
15.50% |
20.00% |
26.00% |
MTPLUS ( Takeover Scheme) |
365 |
Rs 50000 |
75% |
29.00% |
16.00% |
20.00% |
26.00% |
MT+2 ( Takeover Scheme) |
365 |
Min 3L |
75% |
26.00% |
12.90% |
17.00% |
24.00% |
MT+C ( Takeover Scheme) |
365 |
Min 1.99L |
75% |
27.00% |
14.90% |
20.00% |
24.00% |
Gold Loan Charges
State / Loan Amount |
Stamp Duty |
Karnataka : 1 Lakhs to 10 Lakhs |
0.10% of the loan amount |
Karnataka : Above 10 Lakhs |
0.20% of the loan amount |
Pledge amount |
Security Charges |
Up to 10000 |
No charges |
>10000 to 50000 |
Rs.15 |
>50000 to 1Lac |
Rs.30 |
>1Lac to 1.5Lac |
Rs.45 |
>1.5Lac to 2LAv |
Rs.60 |
>2Lac to 5Lac |
Rs75 |
Above 5Lac |
Rs.95 |
Particulars |
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Loan Amo |
unt |
0-1 Lakhs |
1-2 Lakhs |
2 Lakhs& Above |
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Printing & Stationary |
50 |
100 |
150 |
Advertisement Charges |
150 |
150 |
150 |
Transportation |
50 |
75 |
100 |
Insurance |
25 |
75 |
75 |
Charges paid to auctioneer |
25 |
50 |
50 |
Postage |
50 |
50 |
50 |
Expense incurred for sorting, litting, and other auction related work |
150 |
250 |
425 |
Total Auction charges |
Rs.500 |
Rs.750 |
Rs.1000 |
Re-pledge (Transactions) Frequency Criteria |
PL1 scheme |
X scheme |
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Effective Interest Rate |
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Minimum 4 Repledges in every 15 days from the inventory created date |
15% |
15% |
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Effective Rebate Rate |
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Minimum 3 Repledges in every 15 days from the inventory created date |
4% |
4% |
Minimum 2 Repledges in every 15 days from the inventory created date |
2% |
2% |
Minimum 2 Repledges in every 30 days from the inventory created date |
1.50% |
1.50% |
Minimum 1 Repledge in every 30 days from the inventory created date |
1% |
1% |
2. Prompt Payment Rebate- Rebate Model Gold Loan Schemes.
In rebate model schemes, customers are eligible for prompt payment rebate based on the promptness in the interest payment within grace period of 3 days.
Rebate eligibility shall be calculated based on the day's difference between full interest payment done by the customer and rebate is calculated at the monthly / bimonthly / quarterly rebate rate applicable for each schemes.
Applicable only on full interest payment by the customer and upto the end of respective loan tenure.
Assessed Purity Range |
91.6% & Above (22 Ct) |
87 to <91.6% (21-22 Ct) |
83 to <87% (20-21 Ct) |
79 to<83% (19 -20 Ct) |
75 to <79% (18-19 Ct) |
70 to<75% (17-18 Ct) |
Average Deduction in Purity |
0% |
3% |
7% |
12% |
16% |
21% |
Note: Gold ornaments having assessed purity below 70% (<17 Ct) are not to be accepted as collateral for disbursement of gold loan in all states except Orissa & Bihar. In these states assessed purity below 75% (<18 Ct) are not to be accepted.
While fixing stone fixed gold ornaments as pledge, actual weight shall be deducted in addition to the standard deduction as per the purity of gold from the gross weight.
Deduction Based on weight of stone |
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If the weight of the stone is less than 5% of gross weight |
No additional deduction |
If the weight of the stone is less than 5- 10% of gross weight |
Normal deduction as per the purity of gold +1% additional deduction |
If the weight of the stone is less than 10- 25% of gross weight |
Normal deduction as per the purity of gold +2% additional deduction |
If the weight of the stone is more than 25% of gross weight |
Normal deduction as per the purity of gold +5% additional deduction |
Note: Stone fixed gold ornaments shall not be accepted as pledge, if weight of stone is more than 50% of gross weight.
Branch Category
CATEGORY : S (26 Branches) |
CATEGORY : A (22 Branches) |
CATEGORY - B (5 Branches) |
CATEGORY - C (5 Branches) |
LLYODS ROAD ROYAPETTAH |
CHANDAPUR |
BIHTA |
HILSA |
PONNIYAMMAN KOIL STREET |
CHANDRA SEKHARPUR BHUBANESHWAR |
BANAMALIPUR |
FATWA |
THANJAVUR |
DANAPUR |
NISCHINTAKOILI |
BEGUNIA |
EDAYARPALAYAM,COIMBATORE |
DUMDUMA |
KHAGAUL |
MASAURHI |
MEDAVAKKAM TANK ROAD |
ERASAMA |
MANER |
NACHUNI |
CHEPAUK CHENNAI |
GRAND ROAD PURI |
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BUSSTAND ROAD HOSKOTE |
HAJIPUR |
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HOSKOTE |
KHORDHA |
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EGNAHALLI ,BANGALORE |
KUJANGA |
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KUVEMPUNAGAR MYSORE |
MADHU PATNA CUTTACK |
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KURUBARAHALLI BANGALORE |
PHULNAKHARA CUTTACK |
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RAMAGUNDANA HALLI |
PHULWARISHARIF |
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THANISANDRA BANGALORE |
RAGHUNATHPUR |
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SHORNUR LFC |
RAHAMA |
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OKKIYAM THORAIPAKKAM |
RANPUR |
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KOKILAMBAL NAGAR |
SAKHIGOPAL PURI |
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WESTFORT THRISSUR |
SAMANTHARAPUR BHUBANESHWAR |
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PATHIRIPALA |
SIPARA |
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TAGARAPUVALASA |
BALICHANDRAPUR |
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PENDURTHI-VISHAKAPATNAM |
MARSHAGHAI |
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DASANAPETTA |
BRAHMAGIRI |
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YELAMANCHILI |
KALAPATHAR |
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MANIKONDA |
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SANGAREDDY |
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SHAIKPET |
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KUKATPALLY |