Navratri Gold Loan

 

Title Norms
Scheme Name
  1. “Navratri Gold Loan Scheme”
Purpose
  1. For Purchasing Gold
Limit of loan
  1. Maximum Loan up to  Rs. 25 Lac.
Repayment Period
  1. Three  Year.
Rate of Interest
  1.  9% 
Valuation of Gold
  1. Market Rate Minus Rs. 3000/-
Margin
  1. 20% on Market Rate Minus Rs. 3000/ .
Share
  1. Borrower :- Rs. 1236/-
  2. Guarantor :- 112/-
Processing fee
  1. 0.5%  to 1% + GST Depend Upon Loan Period.
Interest Recovery
  1. Interest to be Recover every Month .