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Gold Loan - Operational Scheme

Gold Loans Operational Schemes





 
S.NO. SCHEME NAME LOAN LIMIT LOAN TENURE
EFFECTIVE
INTEREST RATE
AFTER REBATE
(P.A.)
REBATE %(RANGE) INTEREST RATE ANNUALISED
INTEREST RATE
BR. CATEGORY*     
1 MBL* MIN Rs. 1000 180 Days 9.90% 2% - 16.1% 26% 27.43% ALL CATEGORY
2 MBL+* MIN. 5 LAC 180 Days 11.90% 2 - 14.1% 26% 27.43% ALL CATEGORY
'A' CATEGORY
1 SX MIN. RS 1000 180 Days 24% 1% - 2% 26% 27.43% A
2 PL MIN. Rs 1000 180 Days 22.50% 1% - 3.5% 26% 27.43% A
3 MA1 MIN. 1 LAKH 180 Days 23.50%(21% for KL&TL) 1% - 2.5%(1% - 5%) 26% 27.43% A
4 MKL MIN. 1.95 LAC 180 Days 19% 2% - 7% 26% 27.43% A
5 MKL MIN. 3 LAC 180 Days 18% 2% - 8% 26%            27.43% A
6 MKL MIN. 4 LAC 180 Days 17% 2% - 9% 26% 27.43% A
7 MKL       MIN. 5 LAC 180 Days 12% 2% - 14% 26% 27.43% A
8 SS2 MIN. 1 LAKH 180 Days 14.50% 4%-11.5% 26% 27.43% A
9 SS-2 MIN. 1.95 LAC 180 Days
14% 4% - 12% 26% 27.43% A
10 SS-2 MIN. 3 LAC 180 Days 14% 4% - 12% 26% 27.43% A
11 SS-2 MIN. 4 LAC 180 Days 12.50% 4% - 13.5% 26% 27.43% A
12 SS-2 MIN. 5 LAC 180 Days 10.90% 4% - 15.1% 26% 27.43% A
13 SA+ MIN. 1.95 LAC 365 Days 9.90% 2.5% - 16.1% 26% 29.33% A
14 SA+ MIN. 3 LAC 365 Days
9.90% 2.75% - 16.1% 26% 29.33%                  A
15 SA+ MIN. 4 LAC 365 Days 9.90% 3% - 16.1% 26% 29.33% A
16 SA+ MIN. 5 LAC 365 Days 9.90% 4% - 16.1% 26% 29.33% A
17 MT+ MIN 1.99 LAC 180 Days 14% 1% - 12% 26% 27.43% A
18 SY  MAX. 1 LAKH 180 Days 20% 2% - 8% 28% 27.43%                 A
19 DS MAX. 50000 180 Days 12% 1% - 14% 26% 27.43%                  A
'B' CATEGORY     
1 SX MIN. RS 1000 180 Days 24%  1% - 2% 26% 27.43% B
2 MA1 MIN. 1 LAKH 180 Days 23% 1% - 3% 26% 27.43% B
3 MA2 MIN. 2 LAKH 180 Days 20% 2% - 6% 26% 27.43% B
4 MKL MIN. 3 LAKH 180 Days 18.50% 2% - 6.5% 26% 27.43% B
5 MKL MIN. 4 LAKH 180 Days 17.50% 2% - 8.5% 26% 27.43% B
6 MKL MIN. 5 LAKH 180 Days 13% 2% - 13% 26% 27.43% B
7 SS2 MIN. 3 LAKH 180 Days 14% 1% - 12% 26% 27.43% B
8 SS2 MIN. 4 LAKH 180 Days 13% 1% - 13% 26% 27.43% B
9 SS2 MIN. 5 LAKH 180 Days 11.50% 1% - 14.5% 26% 27.43% B
10 SA+ MIN. 3 LAKH 365 Days 9.90% 2.75% - 16.1% 26% 29.33% B
11 SA+ MIN. 4 LAKH 365 Days 9.90% 3% - 16.1% 26% 29.33% B
12 SA+ MIN. 5 LAKH 365 Days 9.90% 4% - 16.1% 26% 29.33% B
13 MT+ MIN. 1.99 LAKH 180 Days 15% 1% - 11% 26% 27.43% B
14 SY MIN. 1 LAKH 180 Days 20% 2% - 8% 28%          27.43% B
15 DS MAX. RS 50000 180 Days 12% 1% - 14% 26% 27.43% B
'C' CATEGORY
1 SX MIN. RS 1000 180 Days 24% 2% 28% 27.43% C
2 MA1 MIN. 1 LAKH 180 Days 24% 1% - 2% 26% 27.43% C
3 MA2 MIN. 2 LAC 180 Days 21% 2% - 5% 26% 27.43% C
4 MA3 MIN. 3 LAC 180 Days 19% 3% - 7% 26% 27.43% C
5 MKL MIN. 4 LAC 180 Days 18.50% 2% - 7.5% 26% 27.43% C
6 MKL MIN. 5 LAC 180 Days 14% 2% - 12% 26% 27.43% C
7 SS2 MIN. 4 LAC 180 Days 14% 1% - 12% 26% 27.43% C
8 SS2 MIN. 5 LAC 180 Days 12% 1% - 14% 26% 27.43% C
9 SA+ MIN. 4 LAC 365 Days 9.90% 3% - 16.1% 26% 29.33% C
10 SA+ MIN. 5 LAC 365 Days 9.90% 4% - 16.1% 26% 29.33% C
11 MT+ MIN. 1.99 LAC 180 Days 16% 1% - 10% 26% 27.43% C
12 SY MAX. 1 LAKH 180 Days 20% 2% - 8% 28% 27.43% C
13 DS MAX. RS 50000 180 Days 12% 1% - 14% 26% 27.43% C
'D' CATEGORY
1 SX MIN. RS 1000 180 Days 24% 4% 28% 27.43% D
2 MA1 MIN. 1 LAKH 180 Days 24% 1% - 2% 26% 27.43% D
3 MA2 MIN. 2 LAC 180 Days 22% 2% - 4% 26% 27.43% D
4 MA3 MIN. 3 LAC 180 Days 20% 3% - 6% 26% 27.43% D
5 MKL MIN. 5 LAC 180 Days 15% 2% - 11% 26% 27.43% D
6 SS2 MIN. 5 LAC 180 Days 13% 1% - 13% 26% 27.43% D
7 SA+ MIN. 5 LAC 365 Days 9.90% 4% - 16.1% 26% 29.33% D
8 MT+ MIN. 1.99 LAC 90 Days 17% 1% - 9% 26% 27.43% D
9 SY MAX. 1 LAKH 90 Days 20% 2% - 8% 28% 27.43% D
10 DS MAX. RS 50000 90 Days 12% 1% - 14% 26% 27.43% D
New Gold Loan Schemes for Banglore-1,2,3 and Tumkur Region
1 SX MIN. 1000 180 Days 23.50% 2% - 2.5% 26% 27.43% A
2 SX MIN. 1000 180 Days 23.75% 2% - 2.25% 26% 27.43% B
3 SX MIN. 1000 180 Days 24.00% 2.00% 26% 27.43% C
4 SX MIN. 1000 180 Days 24.00% 2.00% 26% 27.43% D
5 MKA-1 1LAKH To 2LAC 180 Days 19.00% 2% - 7% 26% 26.56% ALL CATEGORY
6 MKA-2 2 LAC To 3 LAC 180 Days 18.00% 2% - 8% 26% 26.56% ALL CATEGORY
7 MKA-3 3 LAC To 4 LAC 180 Days 17.00% 2% - 9% 26% 26.56% ALL CATEGORY
8 MKA-4 4 LAC To 5 LAC 180 Days 15.00% 2% - 11% 26% 27.43% ALL CATEGORY
9 MKA-5 5 LAC To 10LAC 180 Days 11.90% 2% - 14.1% 26% 26.56% ALL CATEGORY
10 MKA-6 10LACTo 20LAC 180 Days 11.50% 2% - 14.5% 26% 26.56% ALL CATEGORY
11 MKA-7 ABOVE 20 LAC 180 Days 9.90% 2% - 16.1% 26% 26.56% ALL CATEGORY
New Scheme for South Indian States Except Telangana
1 SX MIN. 1000 180 Days 23% 1% - 3% 26% 27.43% ALL CATEGORY
2 PL MIN. 1000 180 Days 20% 1% - 6% 26% 27.43% ALL CATEGORY
3 TMA 1 1LAKH To 2LAC 180 Days 16% 1% - 10% 26% 27.43% ALL CATEGORY
4 TMA 2 2 LAC To 3 LAC 180 Days 15% 2% - 11% 26% 27.43% ALL CATEGORY
5 TMA 3 3 LAC To 4 LAC 180 Days 15% 2% - 11% 26% 27.43% ALL CATEGORY
6 TMA 4 4 LAC To 5 LAC 180 Days 14% 3% - 12% 26% 27.43% ALL CATEGORY
7 TMA 5 5 LAC To 20LAC 180 Days 10.50% 2% - 15.5% 26% 27.43% ALL CATEGORY
8 TMA 6 ABOVE 20 LAC 180 Days 9.90% 2% - 16.1% 26% 27.43% ALL CATEGORY

 



Rebate in Gold loan Scheme

Note

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.