S.NO.SCHEME NAMELOAN LIMITLOAN TENURE
EFFECTIVE
INTEREST RATE
AFTER REBATE
(P.A.)		REBATE %(RANGE)INTEREST RATEANNUALISED
INTEREST RATE		BR. CATEGORY*     
1SXMIN. RS 1000365 Days24.75%1.25%26%29.33%S
2PL*MIN. Rs 1000365 Days21%1% - 5%26%29.33%S
3TMA11 LAKH - 2 LAC365 Days22%1% - 4%26%29.33%S
4TMA 22 LAC - 3 LAC365 Days21%2% - 5%26%29.33%S
5TMA 33 LAC - 4 LAC365 Days20%2% - 6%26%29.33%S
6TMA 44 LAC - 5 LAC365 Days19%3% - 7%26%29.33%S
7TMA 5  5 LAC - 20 LAC365 Days14%2% - 12%26%29.33%S
8TMA 6ABOVE 20 LAC365 Days10.90%2% - 15.1 %26%29.33%S
9MBL-1MAX. 1 LAKH365 Days16%1% - 10 %26%29.33%S
10MBL-21 LAKH - 2 LAC365 Days15%1% - 11%26%29.33%S
11MBL-3ABOVE 2 LAC365 Days14%1% - 12%26%29.33%S
12SS2-1MIN. 1 LAKH365 Days16.50%1%-9.5%26%29.33% S
13SS2-2MIN. 1.95 LAC365 Days
15.50%1% - 10.5%26%29.33% S
14SS2-3MIN. 3 LAC365 Days14.50%1% - 11.5%26%29.33% S
15SS2-4MIN. 4 LAC365 Days13.50%1% - 12.5%26%29.33% S
16SS2-5MIN. 5 LAC365 Days11.90%1% - 14.1%26%29.33% S
17SA+ 1MIN. 1.95 LAC365 Days10.90%2% - 15.1%26%29.33%S
18MT+1MIN. 1.99 LAC365 Days
10.90%2% - 15.1%26%29.33%  S
19MT+2MIN. 1 LAKH365 Days12.90%2% - 13.1%26%29.33% S
20MT+3MIN. 50000365 Days14%2% - 12%26%29.33% S
21SY MAX. 1 LAC365 Days21.50%4% - 6.5%28%31.89% S
22DSMAX. 75000365 Days12%2% - 14%26%29.33%  S
    'A' CATEGORY         
1SXMIN. RS 1000365 Days24.75% 1.25%26%29.33%A
2MA1MIN. 1 LAKH365 Days24%1% - 2%26%29.33%A
3MKL-1MIN. 1.95 LAC365 Days21%1% - 5%26%29.33%A
4MKL-2MIN. 3 LAC365 Days20%1% - 6%26%29.33%A
5MKL-3MIN. 4 LAC365 Days19%1% - 7%26%29.33%A
6MKL-4MIN. 5 LAC365 Days13.90%1% - 12.1%26%29.33%A
7TMA-6 ABOVE 20 LAC365 Days10.90%2% - 15.1%26%29.33%A
8MBL-1MAX.1 LAKH365 Days16%1% - 10%26%29.33%A
9MBL-21 LAKH - 2 LAC365 Days15%1% - 11%26%29.33%A
10MBL-3ABOVE 2 LAC365 Days14%1% - 12%26%29.33%A
11SS2-1MIN. 1 LAKH365 Days16.5%1% - 9.5%26%29.33%A
12SS2-2MIN. 1.95 LAC365 Days15.50%1% - 10.5%26%29.33%A
13SS2-3MIN. 3 LAC365 Days14.50%1% - 11.5%26%29.33%A
14SS2-4MIN. 4 LAC365 Days13.50%1% - 12.5%26%29.33%A
15SS2-5MIN. 5 LAC365 Days11.90%1% - 14.1%26%29.33%A
16SA+ 1MIN. 1.95 LAC365 Days10.90%2% - 15.1%26%29.33%A
17MT+1MIN. 1.99 LAC365 Days10.90%2% - 15.1%26%29.33%A
18MT+2MIN. 1 LAKH365 Days12.90%2% - 13.1%26%29.33%A
19MT+3MIN. 50000365 Days14%2% - 12%26%29.33%A
20SYMAX. 1 LAKH365 Days21.50%4% - 6.5%28% 31.89%A
21DSMAX. 75000365 Days12%2% - 14%24%29.33%A
    'B' CATEGORY    
1SXMIN. RS 1000365 Days24.75%1.25%26%29.33%B
2MA1MIN. 1 LAKH365 Days24%1% - 2%26%29.33%B
3MA2MIN. 2 LAC365 Days22%2% - 4%26%29.33%B
4MKL-2MIN. 3 LAC365 Days21%1% - 5%26%29.33%B
5MKL-3MIN. 4 LAC365 Days20%1% - 6%26%29.33%B
6MKL-4MIN. 5 LAC365 Days14.90%1% - 11.1%26%29.33%B
7TMA-6 ABOVE 20 LAC365 Days10.90%2% - 15.1%26%29.33%B
8MBL-1MAX. 1 LAKH365 Days16%1% - 10%26%29.33%B
9MBL-21 LAKH - 2 LAC365 Days15%1% - 11%26%29.33%B
10MBL-3ABOVE 2 LAC365 Days14%1% - 12%26%29.33%B
11SS2-3MIN. 3 LAC365 Days15%1% - 11%26%29.33%B
12SS2-4MIN. 4 LAC365 Days14%1% - 12%26%29.33%B
13SS2-5MIN. 5 LAC365 Days12.50%1% - 13.5%26%29.33%B
14SA+ 2MIN. 3 LAC365 Days10.90%2% - 15.1%26%29.33%B
15MT+1MIN. 1.99 LAC365 Days10.90%2% - 15.1%26%29.33%B
16MT+2MIN. 1 LAKH365 Days12.90%2% - 13.1%26%29.33%B
17MT+3MIN. 50000365 Days14%2% - 12%24%29.33%B
18SYMAX. 1 LAKH365 Days21.50%4% - 6.5%28%31.89%B
19DSMAX. 75000365 Days12%2% - 14%24%29.33%B
    'C' CATEGORY    
1SXMIN. RS 1000365 Days24.75%1.25%26%29.33%C
2MA1MIN. 1 LAKH365 Days24%1% - 2%26%29.33%C
3MA2MIN. 2 LAC365 Days23.50%2% - 2.5%26%29.33%C
4MA3MIN. 3 LAC365 Days22%3% - 4%26%29.33%C
5MKL-4MIN. 5 LAC365 Days16.90%1% - 9.1%26%29.33%C
6TMA-6ABOVE 20 LAC365 Days10.90%2% - 15.1%26%29.33%C
7MBL-1MAX. 1 LAKH365 Days16%1% - 10%26%29.33%C
8MBL-21 LAKH - 2 LAC365 Days15%1% - 11%26%29.33%C
9MBL-3ABOVE 2 LAC365 Days14%1% - 12%26%29.33%C
10SS2-5MIN. 5 LAC365 Days14%1% - 12%26%29.33%C
11SA+ 4MIN. 5 LAC365 Days10.90%2% - 15.1%26%29.33%C
12MT+1MIN. 1.99 LAC365 Days10.90%2% - 15.1%26%29.33%C
13MT+2MIN. 1 LAKH365 Days12.90%2% - 13.1%26%29.33%C
14MT+3MIN. 50000365 Days14%2% - 12%24%29.33%C
15SYMAX. 1 LAKH365 Days21.50%4% - 6.5%28%31.89%C
16DSMAX. 75000365 Days12%2% - 14%26%29.33%C
         

 

Rebate in Gold loan Scheme

  • For regular monthly interest paying customers, the initial interest rate slab will be continued during the contracted loan tenure.
  • Effective interest rate of various gold loan schemes is applicable after adjusting interest rebate on prompt monthly interest remittance by the customers. The eligibility for interest rebate is based on the interest remittance frequency and available till the end of contracted loan tenure to all customers.
  • OGL registered customers will get attractive interest rate rebate by repledging via online mode in PL/SX schemes based on the repledge frequency as follows:
  • 4 repledges in every 15 days from the inventory created date - Effective Interest Rate of 12% p.a.
  • 3 repledges in every 15 days from the inventory created date - 4% interest Rebate.
  • 2 repledges in every 15 days from the inventory created date - 2% interest Rebate.
  • 2 repledge in every 30 days from the inventory created date (1st repledge in 1-15 days & next repledge in 16-30 days) -1.5 % interest Rebate
  • 1 repledge in every 30 days from the inventory created date - 1% interest Rebate
  • For counting number of repldges during every 15days, the difference between two pledges shall be minimum 1 day.
  • Repledge done on the inventory creation day will not be considered for interest rate rebate eligibility
  • *Effective Interest Rate is based on inventory concept, meeting the repledge criteria*

Note

  • The effective interest rate of special scheme will be available only upto the end of original loan tenure of first loan during inventory creation.
  • I.e. on re-pledge, special interest rate is applicable until the remaining loan tenure of first loan.
  • After the completion of original loan tenure during inventory creation, rate of interest charged at bimonthly prompt rate of new customer and lost customer schemes.
  • If customer re-pledge the inventory under other schemes, then above mentioned special scheme benefits would not be available         
  • PL Scheme is applicable only in Kerala state.
  • MBL-1, MBL-2 & MBL-3 Scheme is applicable for Live customers in MBL scheme, whose pledge age is <=180 days.
  • Southern States includes Kerala, Tamilnadu, Pondicherry,Karnataka, Andaman and Nicobar,Andra Pradesh & Telangana 
  • Penal charges will be at 3% p.a. after loan tenure.

  • Compounding in all Schemes at monthly rest.

  • Processing fee of Rs. 10/- for all schemes at the time of settlement. Additional processing fee on Repledge at 0.007%(GST extra) of new pledge value.

  • Individual maximum exposure limit : 25 Lakhs. Requires separate approval for additional exposure.

  • To view the Branch Category List Click here.
     

Approach for Gradation of Risk

The process of gradation of risk and interest determination is primarily based on the details/attributes of the loan scheme, say, LTV, tenure of the loan and the amount of loan extended. As a result, higher the risk perceived for a loan, based on assessment of the said factors the interest rates are likely to be higher and vice versa. For example, for the loans with lesser tenure (e.g. SX scheme) the risk perceived is higher and thus maximum interest rate is applied.