Terms & Conditions to avail Online Gold Loan at interest rate of 12.17% p.a

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

Applicable for customers who have Life Time Eligibility status & Live inventory from 29-Aug-2018 onwards.

To get “Life Time Eligibility status” a customer after availing loan (under any scheme) should have completed Minimum 6 times re pledge via online mode (web/app) within a period of last 3 months. Life Time Eligibility Status shall have the meaning assigned to it under point (d) of Other Conditions.

The Life Time Eligibility status and OGL Special Rebate will be applicable only to the schemes mentioned below;
 
Applicable Schemes SX/PL Scheme
LTV Maximum LTV
Loan Tenure 90 Days


Normal Interest Rates applicable for PL/SX Schemes are mentioned below;
Particulars Kerala Regions Tamilnadu State Other than Kerala & Tamilnadu
Applicable Scheme PL SX SX
0- 30 days 20% (20.28%)* 24% (24.33%)* 24.5% (24.84%)*
31-90 Days 26% (26.36%)* 26% (26.36%)* 26% (26.36%)*
Annualized slabwise effective interest rate (based on 365 days) shown in brackets.

Interest Rates applicable under “OGL Special Rebate Scheme” (for SX/PL) and conditions to be satisfied to be avail the special rebates is mentioned below
Effective Interest Rate Repledge (transaction) Frequency Criteria
12% (12.17%)* 4 repledges in every fortnight (15 days) from the inventory created date
15% (15.21%)* 3 repledges in every fortnight (15 days) from the inventory created date
18% (18.25%)* 2 repledges in every fortnight (15 days) from the inventory created date
* Annualized slabwise effective interest rate (based on 365 days) shown in brackets.


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

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

Applicable for customers who have Life Time Eligibility status & Live inventory from 05-Jul-2018 to 28-Aug-2018).

To get “Life Time Eligibility status” a customer after availing loan (under any scheme) should have completed Minimum 6 times re pledge via online mode (web/app) within a period of last 3 months. Life Time Eligibility Status shall have the meaning assigned to it under point (d) of Other Conditions.

The Life Time Eligibility status and OGL Special Rebate will be applicable only to the schemes mentioned below;
 
Applicable Schemes SX/PL Scheme
LTV Maximum LTV
Loan Tenure 90 Days
Particulars Kerala Regions Tamilnadu State Other than Kerala & Tamilnadu
Applicable Scheme PL SX SX
0- 30 days 20% (20.28%)* 24% (24.33%)* 24.5% (24.84%)*
31-90 Days 26% (26.36%)* 26% (26.36%)* 26% (26.36%)*

Conditions to be satisfied for OGL Special Scheme Rebate (SX/PL)
Effective Interest Rate Repledge (transaction) Frequency Criteria
12% (12.17%)* 4 Repledge in a Month ie 2 repledges in 1-15 days and another 2 in 16-30/31 days.
15% (15.21%)* 3 Repledge in a Month; atleast 1 or 2 repledge in 1-15 days and 16-30/31 days.
18% (18.25%)* 2 Repledge in a Month
* Annualized slabwise effective interest rate (based on 365 days) shown in brackets.

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

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

Applicable for customers who have Life Time Eligibility status & Live inventory (Till 04. Jul.2018).

To get “Life Time Eligibility status” a customer after availing loan (under any scheme) should have completed Minimum 6 times re pledge via online mode (web/app) within a period of last 3 months. Life Time Eligibility Status shall have the meaning assigned to it under point (d) of Other Conditions.

The Life Time Eligibility status and OGL Special Rebate will be applicable only to the schemes mentioned below;
 
Applicable Schemes SX/PL Scheme
LTV Maximum LTV
Loan Tenure 90 Days
Particulars Kerala Regions Tamilnadu State Other than Kerala & Tamilnadu
Applicable Scheme PL SX SX
0- 30 days 20% (20.28%)* 24% (24.33%)* 24.5% (24.84%)*
31-90 Days 26% (26.36%)* 26% (26.36%)* 26% (26.36%)*

Conditions to be satisfied for OGL Special Scheme Rebate (SX/PL)
Effective Interest Rate Repledge (transaction) Frequency Criteria
18% (18.25%)* Minimum 1 re-pledge in first 15 days from the inventory created date to avail loan at 18.25%
12% (12.17%)* Another re-pledge in next 16 to 30 days to avail loan at 12.17%
* Annualized slabwise effective interest rate (based on 365 days) shown in brackets.

Primary Conditions for OGL Special Scheme