OD against Gold Jewels
“OD Against Gold Jewels” is a new product / facility to the customers wherein an OD Limit is fixed instead of Term Loan facility with additional benefits. Apart from General Public & Women Borrowers, a new Target Group “COVID Warriors“ has been enabled to give due respect & value their services during this pandemic scenario.
COVID Warriors proposed to include
|Age||Entry Age – Minimum 21 years|
|Purpose||Any purpose other than speculative|
|Quantum of loan||75% of market value of the Jewels pledged or Per gram advance value of Jewels, whichever is lower
|Repayment||Interest to be serviced as and when charged in the account.
Withdrawals are permitted within the limit sanctioned
|Interest Rate||Click here|
|Processing Fee||Click here|
|Appraiser Fee||To be borne by the applicant|
|Security||Pledge of Gold Jewels|
|Add on benefits||Issuance of Rupay Card & Personalised Cheque Books|
|Renewal of account||The Account should be renewed within one year from the date of original / latest sanction and the OD Limit will be re-assessed based on the value of Jewels pledged considering the margin requirements as on that date.|
( Last modified on Sep 29, 2021 at 05:09:41 PM )