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

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 180 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 20% p.a. 23% p.a. 24% p.a. 24% p.a. 24% p.a. 24% p.a.
Bimonthly  Effective Rate 25% p.a. 25% p.a. 25% p.a. 25% p.a. 28% p.a 28% p.a
QuarterlyEffective Rate 26% p.a 26% p.a. 25% p.a. 26% p.a. 28% p.a. 28% 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)

  • 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.