SME Gold Loan - Business

Features

• Target Group & Eligibility:
  • Existing MSME Units (Proprietorship Firm only), both borrowing & non-borrowing units of our Bank, who want to avail loan against Gold Ornaments/ Jewellery.
  • Unit/ Shop shall be with running activity
  • Account should not be in NPA status
• Nature of Facility: Overdraft (OD) / Demand Loan (DL)
• Quantum of loan:
  • Minimum: > Rs. 1 lakh
  • Maximum: Rs. 50 lakh
  • Subject to not exceeding advance value of Gold
• Pricing (linked to EBLR) : EBLR + 0.60%
• Repayment Period: Overdraft & Demand Loan: Max. 12 months.
• Processing Fee:
  • Up to Rs. 10 lacs: Rs. 500 plus applicable taxes
  • Above Rs. 10 lacs: Rs. 1000 plus applicable taxes
• Pre-Payment Penalty: Nil