PSB GOLD LOAN

Purpose	Loans to individuals for productive and consumption purposes against the security of gold jewellery/ornaments and gold coins (issued by Scheduled Commercial Banks/MMTC).
Eligibility	Fully KYC Compliant Customers including staff members and ex-staff and their family members.
Nature of Credit facility	1) Demand Loan 2) Term Loan 3) Overdraft
Quantum of Finance	Minimum: Rs 10000.00 Maximum: Rs 25.00 Lakh
Rate of Interest	Please click here For rate of interest
Scale of Finance	75/65% of value of gold ornaments/jewellery arrived at the rate per gram of gold notified by the Bank on daily basis.
Repayment	Demand Loan, Overdraft & Term Loan with Interest serving or quarterly/Half Yearly/Yearly Installment - Maximum repayment period upto 12 months. Bullet Payment /Installment (Quarterly/Half Yearly)- 12 months Term Loan with EMI – Maximum upto 36 months.
Processing charges:	Loan/Limits up to Rs. 2.00 lakh : 500/- Loan/Limits above Rs. 2.00 lakh : 0.50% subject to a maximum of Rs.10000/-
Documentation Charges :	Loan/Limits up to Rs. 2.00 lakh : NIL Loan/Limits above Rs. 2.00 lakh : Rs.100 per lakh subject to max of Rs.2000/-