✓    Instant loan against pledge of Gold Ornaments.

✓    Rs.8000/- per Gram as appraised by the Bank Appraiser

✓    As per the Policy the Gold loan limit is as below:

• A) For Nominal members Rs.1,00,000/- per Individual.
• B) For Regular and Associated members the Maximum loan amount shall be Rs.15.00 lakhs per individual for Consumption purpose in the nature of Bullet repayment loans shall be capped at 12 months, which may be renewed only after payment of accrued interest.
• C) For Income Generating purpose, the maximum amount shall be up to Rs.25.00 lakhs. repayable in 60 months.

✓    Rate of interest on gold loans is as below:

• A) Up to Rs.10 lakhs - 9.00% p.a.
• B) Above Rs.10 lakhs to 25 lakhs - 9.50% p,a.

Note: Minimum 30 days interest should be collected where loan account is closed within 30 days