Operational Schemes
We now provide extra benefits in our existing scheme for regular OGL customers. With this, you can re-pledge through web/app at a special low rate of interest at 12% p.a. with highest LTV and maximum loan amount subject to fulfilment of the below mentioned terms and conditions.
Customers, please avail special rebate on interest immediately by re-pledging the loan via online mode (WEB/APP), for a mimimum 6 times (or more) within a period of last 3 months. Kindly refer table below.
SX Scheme - (Other than Kerala)
| Available Scheme |
SX Scheme |
|
| LTV |
Maximum LTV |
|
| Duration |
90 days |
|
| Interest Rate slab |
| Particulars |
Interest rate Slab |
Mode of Re-pledge |
First Re pledge |
Second Re pledge |
| ONLINE WEB/APP |
Minimum 1 re-pledge in first 15 days from the inventory created date to avail loan at |
Another re-pledge in next 16 to 30 days to avail loan at |
| 0- 30 days |
24% |
18% |
12% |
| 31- 60 days |
25% |
| 61-90 days |
26% |
PL Scheme - for Kerala regions
| Available Scheme |
PL Scheme |
|
| LTV |
Maximum LTV |
|
| Duration |
90 days |
|
| Interest Rate slab |
| Particulars |
Interest rate Slab |
Mode of Re-pledge |
First Re pledge |
Second Re pledge |
| ONLINE WEB/APP |
Minimum 1 re-pledge in first 15 days from the inventory created date to avail loan at |
Another re-pledge in next 16 to 30 days to avail loan at |
| 0- 30 days |
20% |
18% |
12% |
| 31- 60 days |
24% |
| 61-90 days |
26% |
Note
- Re-pledge the loan account at least 2 times in every 30 days to continue at 12% interest rate.
- Pledge value should be minimum 50% of eligible loan amount
- After the second re-pledge the effective interest will be 12% and the first slab rebate of 6% will be adjusted with principle amount.
- Existing prompt payment rebate for Tamil Nadu region branches in this scheme will not be applicable, that is, at time one rebate scheme only available.(Both rebate schemes are cannot be clubbed together)
- Re pledge via online mode (web/app) only will be considered for interest rate eligibility.
- Overdue interest will be @ 3%.
