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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
*Tier 1 Branches

"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:

    a. 4 repledges in every 15 days from the inventory created date -  Effective Interest Rate of 12%
    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)