Terms & Conditions to avail Online Gold Loan at interest rate of 12% p.a

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

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) 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 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