| Who Can Borrow | Individual, Farmer |
|---|---|
| Purpose | For any legitimate (Lawful), Agriculture purposes |
| Max .Finance available | Up to Rs.25.00 Lakh for Member (Who have Existing Property Mortgaged in our Bank)
Up to Rs.10.00 Lakh for members Up to Rs.2.50 Lakh for nominal member |
| Security | Pledge of Gold Ornaments and Gold Coins Maximum 50Gms only |
| Margin | 75% on the market value arrived at the prevailing BENCHMARK RATE (announced by Bank from time to time) of the security to be pledged. |
| Repayment | 1. Max finance up to Rs.25.00 Lakh for members. 2. Bullet repayment up to to Rs.10.00 Lakh. 3. Term loan above Rs.10.00 Lakh up to 60 months (EMI) 4. All Gold Loans a/cs to be closed on or before due date. |
| Appraisal Charges | As applicable. |
| Documentation Charges | 1. As applicable 2. Govt.Stamp Duty Charges for Above Rs.1.00 Lakh 0.5% or(as per Govt Notification) on Loan amount. 3. Zero - Processing Fees |
| Prerequisites | 1. Application form along with KYC documents, Income Proof of the applicant/s (SAVING / CURRENT ACCOUNT TO BE OPENED). 2. Pledge of Gold Ornaments/Coins. 3. Valuation of the ornaments of the gold pledged will be done by the Bank’s approved valuer in Bank’s premises. 4. For Agriculture Purpose RTC Should be in the name of Member |
| * Terms and Conditions are applicable. |