Gold Jewellery Mortgage Loan
Short term Jewellery Loans
| (A) | On short term loans for gold jewelery (Up to Rs. 2 lakhs for 12 months) |
12.00 |
172 | 12.00 |
| (B) | On medium term loans on gold jewelery lock (Up to Rs. 5 lakhs for 60 months) |
12.00 |
194 | 12.00 |
| (C) | Overlapping facility on gold jewelery ring (Up to Rs. 10 lakhs for 12 months) |
13.00 |
215 | 13.00 |
- Loan of 70 percent of the amount according to the purity of jewellery - 10 grams of pure gold at Rs. 20000 / - at current market price at the rate of 70 percent or less.
- The loan period of 12 months. Then lump sum payment, not a monthly instalment.
- Loan amount up to a maximum limit of Rs 5 lakh given immediately.
- Per day loan lending
- Recovery of interest on the decreasing balance.
Medium term Jewellery Loan
- Loan of 70 percent of the amount according to the purity of jewellery - 10 grams of pure gold at Rs. 20000 / - at current market price at the rate of 70 percent or less.
- Loan amount up to a maximum of Rs 5 lakhs immediately.
- Per day loan lending.
- Maximum period of 60 months, loan repayment in instalments.
- Recovery of interest on the decreasing balance.