OD against Gold Jewels
OD against Gold Jewels
“OD Against Gold Jewels” is a new product / facility to the customers wherein an OD Limit is fixed instead of Term Loan facility with additional benefits. Apart from General Public.
| Eligibility | General Public
Women Applicants COVID Warriors proposed to include
|
| Age | Entry Age – Minimum 21 years |
| Purpose | Any purpose other than speculative |
| Quantum of loan | 75% of market value of the Jewels pledged or Per gram advance value of Jewels, whichever is lower
|
| Repayment | Interest to be serviced as and when charged in the account.
Withdrawals are permitted within the limit sanctioned |
| Interest Rate | Click here |
| Processing Fee | Click here |
| Appraiser Fee | To be borne by the applicant |
| Security | Pledge of Gold Jewels |
| Add on benefits | Issuance of Rupay Card & Personalised Cheque Books |
| Renewal of account | The Account should be renewed within one year from the date of original / latest sanction and the OD Limit will be re-assessed based on the value of Jewels pledged considering the margin requirements as on that date. |
| Documents required |
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