Terms & Conditions to avail Online Gold Loan at attractive interest rate rebate of 1% to 14.50%
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. | 25.75% p.a. | 25.75% p.a. | 26.75% 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. |
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:
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/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.
