OGL SPECIAL REBATE SCHEME

 

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
 

Interest Rate Rebate of 1% to 14.50%

OGL registered customers will get attractive interest rate rebate by repledging via online mode in BL/PL/SX schemes based on the repledge frequency as follows:

    a. 4 repledges in every 15 days from the inventory created date -  Effective Interest Rate of 12% (BL-9.9%)
    b. 3 repledges in every 15 days from the inventory created date - 6% interest Rebate (PL-5.5%)
    c. 2 repledges in every 15 days from the inventory created date - 4% interest Rebate (PL-2.5%)
    d. 2 repledge in every 30 days from the inventory created date (1st repledge in 1-15 days & next repledge in 16-30 days) - 2% interest Rebate (PL-1.5%)
    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/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.
• 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.