Terms & Conditions to avail Online Gold Loan at attractive interest rate rebate of 1% to 14%
OGL SPECIAL REBATE SCHEME
| Applicable Schemes | SX/PL Scheme |
| LTV | Maximum LTV |
| Loan Tenure | 365 Days |
Normal Interest Rates applicable for PL/SX Schemes are mentioned below;
| Particulars | Kerala Regions | Tamilnadu ,Pondicherry,Karnataka, A&N, AP and Telangana | 'A'Category | 'B'Category | 'C'Category | 'D'Category |
| Applicable Scheme | PL | SX | SX | SX | SX | SX |
| Monthly Effective Rate | 21% p.a. | 24.75% p.a. | 24.75% p.a. | 24.75% p.a. | 24.75% p.a. | 24.75% p.a. |
| Bimonthly Effective Rate | 25% p.a. | 26% p.a. | 26% p.a. | 26% p.a. | 26% p.a | 26% p.a |
| QuarterlyEffective Rate | 26% p.a | 26% p.a. | 26% p.a. | 26% p.a. | 26% p.a. | 26% p.a |
"Effective Interest Rate is based on inventory concept, meeting the repledge criteria".
Interest Rate Rebate of 1% to 14%
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:
b. 3 repledges in every 15 days from the inventory created date - 4% interest Rebate
c. 2 repledges in every 15 days from the inventory created date - 2% interest Rebate
d. 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
e. 1 repledge in every 30 days from the inventory created date - 1% interest Rebate
Other Conditions applicable to OGL Special Rebate Scheme (SX/PL)
- Re pledge via online mode (web/app) only will be considered for interest rate rebate eligibility.
- Repledges done on the inventory creation day will not be considered for calculating interest rate rebate.
- Based On Inventory: -Waiver of processing Charge Rs 10/-(Tax extra), Processing fee will be waived after 6 online re-pledge with 1day interval for repledges under rebate scheme. The waiver will be applicable from 7th repledge onwards.
- An additional processing fee of 0.007% of the New Pledge value for repledges under OGL Special Rebate Scheme.
