Interest Rates

Interest Rate Policy

Mode of calculation

  • Interest rate will be quoted on annualized basis only.
  • Interest amount will be calculated on the daily outstanding balance in the loan account at the contracted rate.
  • Interest will be calculated on the basis of 360 days a year.
  • Compounding, if any, will be provided in specific loan schemes.
  • All loans carry the fixed contracted rate till closure of account.

Risk related rate of interest

  • Since a higher LTV (loan per gram) translates to a higher risk interest rate and LTV will be correlated.
  • Assuming all other factors to be the same a higher LTV loan will attract a correspondingly higher interest rate as compared with a lower LTV loan.  
  • The interest rate applicable will vary from time to time and will be mentioned against the specific operative schemes / loan products.

Maximum rate of interest 

  • The maximum interest rate chargeable has been fixed at 26 % pa.

Penal / Overdue interest

  • When the loan remains outstanding beyond the 'normal' tenure overdue / penal interest will be charged at 3% pa (i.e. contracted rate plus 300 basis points) on the amount due and payable till the account is regularized / closed
Gold Loan Enquiry
Andhra Pradesh

93498 11115
Central and Eastern States

93882 90833

93496 11115

93887 11115
Northern States

93886 11115
Tamil Nadu

93494 41473
Western States

93494 11115

GLOAN to 56070