A.OGL SPECIAL REBATE SCHEME (Inventory Creation: From 29.Aug.2018 Onwards)

Applicable for the customers those who have live inventory from 29-Aug-2018 onwards.
 

Applicable Schemes	SX/PL/BL Scheme
LTV	Maximum LTV
Loan Tenure	90 Days

 

Normal Interest Rates applicable for PL/SX/BL Schemes are mentioned below;

Particulars	Kerala Regions	Tamilnadu State, A&N and Pondicherry	Karnataka, Telangana, AP, J&K, Chandigarh, Punjab, Gujarat, Goa & Delhi	*Tier 1 branches in Northern states	Northern branches other than *Tier 1 branches	All States
Applicable Scheme	PL	SX	SX	SX	SX	BL (Minimum Loan Value 50 Lakhs)
0- 30 days	20.50% p.a.	25.00% p.a.	25.50% p.a.	25.50% p.a.	26.50% p.a.	24.00%p.a. (0-90 Days)
31-60 Days	27.50% p.a.	27.50% p.a.	27.50% p.a.	27.50% p.a.	27.50% p.a
61-90 Days	29.00% p.a	29.00% p.a.	29.00% p.a.	29.00% p.a.	29.00% p.a.

*Tier 1 Branches

I) Interest Rates applicable under “OGL Special Rebate Scheme” (for SX/PL) and conditions to be satisfied to avail the special rebates are mentioned below

Effective Interest Rate (After rebate)	Repledge (transaction) Frequency Criteria
12%p.a.	4 repledges in every 15 days from the inventory created date
15%p.a.	3 repledges in every 15 days from the inventory created date
18%p.a.	2 repledges in every 15 days from the inventory created date

 

Other Rebates Available: - (With Effect from 19.10.18 onwards)

Effective Interest Rate (After Rebate)	Repledge (transaction) Frequency Criteria
Rebate of 3%p.a. (SX Scheme)	2 re pledges in every 30 days from the inventory created date ( One repledge in first 15 days & 2nd Re pledge in next 15 days)
Rebate of 1.5%p.a. (PL Scheme in Kerala)	1 repledge in every 30 days from the inventory created date ( One repledge in first 15 days & 2nd Re pledge in next 15 days)
Rebate of 1%p.a.	1 repledge in every 30 days from the inventory created date

II) Interest Rates applicable under “OGL Special Rebate Scheme” (for BL) and conditions to be satisfied to avail the special rebates are mentioned below

Effective Interest Rate (After Rebate)	Repledge (transaction) Frequency Criteria
9.90% p.a.	4 repledges in every 15 days from the inventory created date
15% p.a.	3 repledges in every 15 days from the inventory created date
18% p.a.	2 repledges in every 15 days from the inventory created date

Other Rebates Available: -

Effective Interest Rate (After Rebate)	Repledge (transaction) Frequency Criteria
Rebate of 3%p.a.	2 re pledges in every 30 days from the inventory created date ( One repledge in first 15 days & 2nd Re pledge in next 15 days) (With Effect from 19.10.18 onwards)
Rebate of 1%p.a.	1 repledge in every 30 days from the inventory created date (With Effect from 19.10.18 onwards)

Other Conditions applicable to OGL Special Rebate Scheme (SX/PL/BL)

• 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.
• For continuing in 12% interest rate (SX/PL Schemes), customer should do 4 online re-pledges (with the interval of 1 day) in every 15 days. The one-day interval between repledges applies in all repledge frequency criteria.
• For continuing in 9.90% interest rate (BL Scheme), customer should do 4 online re-pledges (with the interval of 1 day) in every 15 days. The one-day interval between repledges applies in all repledge frequency criteria (With effect from 26.09.2018 onwards).
• Based On Inventory: -Waiver of processing Charge Rs 10/-, Processing fee will be waived after 6 online re-pledge with 1day interval between repledges available to 9.90%p.a. 12%p.a.,15%p.a.,18%p.a. & Rebate of 3%p.a.,1%p.a. The waiver will be applicable for charges leveiable from the 7th pledge onwards.

Changes to Conditions: - (With effect from 10.10.2018 onwards)

• For First Level Eligibility (Life Time Eligibility): The condition of 6 repledges within last 3 months with 1day interval is withdrawn. All OGL registered customers will get Life time eligibility for OGL special rebate scheme (Life time eligibility shall mean the time period till the discontinuation date of the OGL special rebate scheme); For online registration, Customers must fill & submit One-time registration form and need to add bank account details. Loan disbursal through NEFT/ Online repledge/ Cash NEFT (minimum 5% through NEFT) only considered as OGL.
• The condition that pledge Value should be minimum 50% of eligible loan amount has been withdrawn. No minimum pledge value is required (With effect from 10.10.2018) The condition is no longer applicable for OGL special rebate schemes.

B.OGL SPECIAL REBATE SCHEME (05-Jul-2018 to 28-Aug-2018)

Applicable for customers who have Live inventory during 05-Jul-2018 to 28-Aug-2018.

Conditions to be satisfied for OGL Special Scheme Rebate (SX/PL)

Effective Interest Rate	Repledge (transaction) Frequency Criteria
12%p.a.	4 Repledge in a Month ie 2 repledges in 1-15 days and another 2 in 16-30/31 days.
15%p.a.	3 Repledge in a Month; at least 1 or 2 repledge in 1-15 days and balance in 16-30/31 days.
18%p.a.	2 Repledge in a Month.

Other Conditions applicable to OGL Special Rebate Scheme (SX/PL)

• Available only for SX/PL Scheme.
• 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.

Conditions to be satisfied for OGL Special Scheme Rebate (BL): Minimum Loan Value :50Lakhs

Effective Interest Rate (After Rebate)	Repledge (transaction) Frequency Criteria
9.90%p.a.	2 re pledges in every 30 days from the inventory created date ( One repledge in first 15 days & 2nd Re pledge in next 15 days)
15%p.a.	1 Repledge in a Month

C.OGL SPECIAL REBATE SCHEME (Till 04. Jul.2018)

Applicable for customers who have Live inventory (Till 04. Jul.2018)

Conditions to be satisfied for OGL Special Scheme Rebate (SX/PL)

Effective Interest Rate	Repledge (transaction) Frequency Criteria
18%p.a.	Minimum 1 re-pledge in first 15 days from the inventory created date to avail loan at 18%
12%p.a.	Another re-pledge in next 16 to 30 days to avail loan at 12%

Primary Conditions for OGL Special Scheme

• Available only for SX/PL Scheme.
• 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.

Conditions to be satisfied for OGL Special Scheme Rebate (BL): Minimum Loan Value :50Lakhs

Effective Interest Rate (After Rebate)	Repledge (transaction) Frequency Criteria
9.90%p.a.	2 re pledges in every 30 days from the inventory created date ( One repledge in first 15 days & 2nd Re pledge in next 15 days)
15%p.a.	1 Repledge in a Month