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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*     
'A' CATEGORY
1 SX MIN. RS 1000 90 Days 24.75% 1.25% 26% 26.56% A
2 PL MIN. Rs 1000 90 Days 22.25% 3.75% 26% 26.56% A
3 MA1 MIN. 1 LAKH 90 Days 23% 1% - 3% 26% 28.65% A
4 MKL MIN. 1.95 LAC 90 Days 17% 2%-9% 26% 27.43% A
5 MKL MIN. 3 LAC 90 Days 16% 3% - 10% 26%            27.43% A
6 MKL MIN. 4 LAC 90 Days 15% 4% - 11% 26% 27.43% A
7 MKL       MIN. 5 LAC 90 Days 11.90% 5% - 14.1% 26% 27.43% A
8 SS2 MIN. 1 LAKH 180 Days 15% 1%-11% 26% 29.33% A
9 SS-2 MIN. 1.95 LAC 180 Days
14% 1.5% - 12% 26% 27.43% A
10 SS-2 MIN. 3 LAC 180 Days 13% 2% - 13% 26% 27.43% A
11 SS-2 MIN. 4 LAC 180 Days 12% 2.5% - 14% 26% 27.43% A
12 SS-2 MIN. 5 LAC 180 Days 9.90% 4% - 16.1% 26% 27.43% A
13 SA+ MIN. 1.95 LAC 365 Days 9.90% 2.5% - 16.1% 26% 27.43% 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 90 Days 14% 1% - 14% 26% 29.33% A
18 MRS MIN.Rs 1000 90 Days 12% 2% - 14% 26% 26.56% A
19 SY  MAX. 1 LAKH 90 Days 21% 2% - 7 28% 28.65%                 A
20 DS MAX. 40000 90 Days 12% 1% - 14% 26% 22.03%                  A
21 MKL+ MIN. Rs 1000 90 Days 6.9% 5% - 19.1% 26% 26.56% A
22 MBR+ MIN. Rs 1000 90 Days 8.0% 5% - 18% 26% 26.56% A
'B' CATEGORY     
1 SX MIN. RS 1000 90 Days 25%  1% 26% 26.56% B
2 MA1 MIN. 1 LAKH 90 Days 24% 1% - 2% 26% 28.65% B
3 MA2 MIN. 2 LAKH 90 Days 19% 2% - 7% 26% 26.56% B
4 MKL MIN. 3 LAKH 90 Days 17% 3% - 9% 26% 26.56% B
5 MKL MIN. 4 LAKH 90 Days 16% 4% - 10% 26% 26.56% B
6 MKL MIN. 5 LAKH 90 Days 12.90% 5% - 13.1% 26% 26.56% B
7 SS2 MIN. 3 LAKH 180 Days 14% 5% - 12% 26% 26.56% B
8 SS2 MIN. 4 LAKH 180 Days 13% 2% - 13% 26% 26.56% B
9 SS2 MIN. 5 LAKH 180 Days 10.90% 3% - 15.1% 26% 26.56% B
10 SA+ MIN. 3 LAKH 365 Days 9.90% 2.75% - 16.1% 26% 26.56% B
11 SA+ MIN. 4 LAKH 365 Days 9.90% 3% - 16.1% 26% 26.56% B
12 SA+ MIN. 5 LAKH 365 Days 9.90% 4% - 16.1% 26% 26.56% B
13 MT+ MIN. 1.99 LAKH 90 Days 14% 1% - 14% 26% 29.33% B
14 SY MIN. 1 LAKH 90 Days 21% 2% - 7% 28%          28.65% B
15 DS MAX. RS 40000 90 Days 12% 1% - 14% 26% 22.03% B
16 MKL+ MIN. Rs 1000 90 Days 6.90% 5% - 19.1% 26% 26.56% B
17 MBR+ MIN. Rs 1000 90 Days 8.0% 5% - 18% 26% 26.56% B
'C' CATEGORY
1 SX MIN. RS 1000 90 Days 26% 2% 28% 28.65% C
2 MA1 MIN. 1 LAKH 90 Days 25% 1% 26% 28.65% C
3 MA2 MIN. 2 LAC 90 Days 20% 2% - 6% 26% 27.43% C
4 MA3 MIN. 3 LAC 90 Days 18% 3% - 8% 26% 27.43% C
5 MKL MIN. 4 LAC 90 Days 17% 4% - 9% 26% 26.56% C
6 MKL MIN. 5 LAC 90 Days 13.90% 5% - 12.1% 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 11.90% 2% - 14.1% 26% 27.43% C
9 SA+ MIN. 4 LAC 365 Days 9.90% 3% - 16.1% 26% 26.56% C
10 SA+ MIN. 5 LAC 365 Days 9.90% 4% - 16.1% 26% 26.56% C
11 MT+ MIN. 1.99 LAC 90 Days 15% 1% - 11% 26% 27.43% C
12 SY MAX. 1 LAKH 90 Days 21% 2% - 7% 28% 28.65% C
13 DS MAX. RS 40000 90 Days 12% 1% - 14% 26% 22.03% C
14 MKL+ MIN. Rs 1000 90 Days 6.90% 5% - 19.1% 26%          26.56% C
15 MBR+ MIN. Rs 1000 90 Days 8.0% 5% - 18% 26% 26.56% C
'D' CATEGORY
1 SX MIN. RS 1000 90 Days 26% 2% 28% 28.65% D
2 MA1 MIN. 1 LAKH 90 Days 25% 1% 26% 27.43% D
3 MA2 MIN. 2 LAC 90 Days 21% 2% - 5% 26% 27.43% D
4 MA3 MIN. 3 LAC 90 Days 19% 3% - 7% 26% 27.43% D
5 MKL MIN. 5 LAC 90 Days 14.90% 5% - 11.1% 26% 27.43% D
6 SS2 MIN. 5 LAC 180 Days 12.90% 1% - 13.1% 26% 27.43% D
7 SA+ MIN. 5 LAC 365 Days 9.90% 4% - 16.1% 26% 26.56% D
8 MT+ MIN. 1.99 LAC 90 Days 16% 1% - 10% 26% 26.56% D
9 SY MAX. 1 LAKH 90 Days 21% 2% - 7% 28% 28.65% D
10 DS MAX. RS 40000 90 Days 12% 1% - 14% 26% 22.03% D
11 MKL+ MIN. Rs 1000 90 Days 6.90% 5% - 19.1% 26% 22.03% D
12 MBR+ MIN. Rs 1000 90 Days 8.0% 5% - 18% 26% 26.56% D



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.