Gold Loan - Features And Documentation

Loan Amount

Rs 50,000

Rs 10,000,000

Loan Tenure

6 months

12 months

9%

18.00%

14.65%

Processing Fees

1.0%* of loan amount

1.0%* of loan amount

Foreclosure charges

1%, If a/c is closed within 11 months

1%, If a/c is closed within 5 months

NIL, If a/c is closed after 11 months

NIL, If a/c is closed after 5 months

Gold OD - 1% of the facility amount, if the facility is prepaid within 11 months or post 30 days of auto-renewal.

NA

Valuation Charges

For loans:

Up to 1 lakh: Rs 100

Greater than 1 lakh up to 2 lakh: Rs 200

Greater than 2 lakh up to 3 lakh: Rs 300

Greater than 3 lakh up to 4 lakh: Rs 400

Greater than 4 lakh up to 5 lakh : Rs 500

Greater than 5lakh up to 10 lakh : Rs 750

Greater than 10 lakh: Rs 1250

Top Up Charges

1% of Top Up amount

Subject to minimum of Rs 250

Documentation Charges**

Rs 199

Renewal Fees

For loans:

Up to Rs 50,000: Rs 300

Greater than Rs 50,000 up to Rs 1 lakh: Rs 350

Greater than Rs 1 lakh up to Rs 2 lakh: Rs 500

Greater than Rs 2 lakh: Rs 1,000

 Penal charges on overdue amount

Penal charges will be equal to 5% per annum on the overdue amount, from the due date until the actual payment date plus applicable taxes or other statutory levies, if any. 

Overdue Handling Charges

1. Rs 750 where a Notice has been delivered to the communication address and a paper publication is not required

2. Rs 1,700 where no Notice has been delivered to the communication address and the paper publication is to be done

3. Rs 300 for sending an Auction Notice, over and above preceding points 1 and 2.

4. Rs 200 for sending a Loan Recall Notice, over and above preceding points 1 and 2.

Auction charges for re-possessed asset

At Actuals

Charges incurred in filing a legal suit

At Actuals

Paper advertisement charges

At Actuals