S.NO.SCHEME NAMELOAN LIMITLOAN TENUREEFFECTIVE INTEREST RATE AFTER REBATE (P.A.)REBATE %(RANGE)INTEREST RATEANNUALISED INTEREST RATEBR. CATEGORY*
1HNLMIN. 50 Lac365 Days11%2%-15%26%29.33%All Categories
'S' CATEGORY
1SXMIN. RS 1000365 Days24.75%1.25%26%29.33%S
2PL*MIN. Rs 1000365 Days21%1% - 5%26%29.33%S (ONLY KERALA)
3TMA11 LAKH - 2 LAC365 Days22%1% - 4%26%29.33%S
4TMA 22 LAC - 3 LAC365 Days21%2% - 5%26%29.33%S
5TMA 33 LAC   - 4 LAC365 Days20%2% - 6%26%29.33%S
6TMA 44 LAC - 5 LAC365 Days19%3% - 7%26%29.33%S
7TMA 5  5 LAC - 20 LAC365 Days14%2% - 12%26%29.33%S
8TMA 6ABOVE 20 LAC365 Days11%2% - 15%26%29.33%S
9MBL-1MAX. 1 LAKH365 Days16%1% - 10 %26%29.33%S
10MBL-21 LAKH - 2 LAC365 Days15%1% - 11%26%29.33%S
11MBL-3ABOVE 2 LAC365 Days14%1% - 12%26%29.33%S
12SS2-1MIN. 1 LAKH365 Days16.50%1%-9.5%26%29.33% S
13SS2-2MIN. 1.95 LAC365 Days15.50%1% - 10.5%26%29.33% S
14SS2-3MIN. 3 LAC365 Days14.50%1% - 11.5%26%29.33% S
15SS2-4MIN. 4 LAC365 Days13.50%1% - 12.5%26%29.33% S
16SS2-5MIN. 5 LAC365 Days11.90%1% - 14.1%26%29.33% S
17SA+ 1MIN. 1.95 LAC365 Days10.90%2% - 15.1%26%29.33%S
18MT+1MIN 2.50L365 Days10.90%2% - 15.1%26%29.33%  S
19MT+2MIN 2L365 Days12.90%2% - 13.1%26%29.33% S
20MT+3MIN 1.5L365 Days16%2% - 10%26%29.33% S
21SY MAX. 1 LAC365 Days21.50%4% - 6.5%28%31.89% S
22DSMAX. 75000365 Days12%2% - 14%26%29.33%  S
'A' CATEGORY
1SXMIN. RS 1000365 Days24.75% 1.25%26%29.33%A
2MA1MIN. 1 LAKH365 Days24%1% - 2%26%29.33%A
3MKL-1MIN. 1.95 LAC365 Days21%1% - 5%26%29.33%A
4MKL-2MIN. 3 LAC365 Days20%1% - 6%26%29.33%A
5MKL-3MIN. 4 LAC365 Days19%1% - 7%26%29.33%A
6MKL-4MIN. 5 LAC365 Days13.90%1% - 12.1%26%29.33%A
7TMA-6 ABOVE 20 LAC365 Days11%2% - 15%26%29.33%A
8MBL-1MAX.1 LAKH365 Days16%1% - 10%26%29.33%A
9MBL-21 LAKH - 2 LAC365 Days15%1% - 11%26%29.33%A
10MBL-3ABOVE 2 LAC365 Days14%1% - 12%26%29.33%A
11SS2-1MIN. 1 LAKH365 Days16.5%1% - 9.5%26%29.33%A
12SS2-2MIN. 1.95 LAC365 Days15.50%1% - 10.5%26%29.33%A
13SS2-3MIN. 3 LAC365 Days14.50%1% - 11.5%26%29.33%A
14SS2-4MIN. 4 LAC365 Days13.50%1% - 12.5%26%29.33%A
15SS2-5MIN. 5 LAC365 Days11.90%1% - 14.1%26%29.33%A
16SA+ 1MIN. 1.95 LAC365 Days10.90%2% - 15.1%26%29.33%A
17MT+1MIN 2.50L365 Days10.90%2% - 15.1%26%29.33%A
18MT+2MIN 2L365 Days12.90%2% - 13.1%26%29.33%A
19MT+3MIN 1.5L365 Days16%2% - 10%26%29.33%A
20SYMAX. 1 LAKH365 Days21.50%4% - 6.5%28% 31.89%A
21DSMAX. 75000365 Days12%2% - 14%24%29.33%A
'B' CATEGORY
1SXMIN. RS 1000365 Days24.75%1.25%26%29.33%B
2MA1MIN. 1 LAKH365 Days24%1% - 2%26%29.33%B
3MA2MIN. 2 LAC365 Days22%2% - 4%26%29.33%B
4MKL-2MIN. 3 LAC365 Days21%1% - 5%26%29.33%B
5MKL-3MIN. 4 LAC365 Days20%1% - 6%26%29.33%B
6MKL-4MIN. 5 LAC365 Days14.90%1% - 11.1%26%29.33%B
7TMA-6 ABOVE 20 LAC365 Days11%2% - 15%26%29.33%B
8MBL-1MAX. 1 LAKH365 Days16%1% - 10%26%29.33%B
9MBL-21 LAKH - 2 LAC365 Days15%1% - 11%26%29.33%B
10MBL-3ABOVE 2 LAC365 Days14%1% - 12%26%29.33%B
11SS2-3MIN. 3 LAC365 Days15%1% - 11%26%29.33%B
12SS2-4MIN. 4 LAC365 Days14%1% - 12%26%29.33%B
13SS2-5MIN. 5 LAC365 Days12.50%1% - 13.5%26%29.33%B
14SA+ 2MIN. 3 LAC365 Days10.90%2% - 15.1%26%29.33%B
15MT+1Min 2.50L365 Days10.90%2% - 15.1%26%29.33%B
16MT+2Min 2L365 Days12.90%2% - 13.1%26%29.33%B
17MT+3Min 1.5L365 Days16%2% - 10%24%29.33%B
18SYMAX. 1 LAKH365 Days21.50%4% - 6.5%28%31.89%B
19DSMAX. 75000365 Days12%2% - 14%24%29.33%B
'C' CATEGORY
1SXMIN. RS 1000365 Days24.75%1.25%26%29.33%C
2MA1MIN. 1 LAKH365 Days24%1% - 2%26%29.33%C
3MA2MIN. 2 LAC365 Days23.50%2% - 2.5%26%29.33%C
4MA3MIN. 3 LAC365 Days22%3% - 4%26%29.33%C
5MKL-4MIN. 5 LAC365 Days16.90%1% - 9.1%26%29.33%C
6TMA-6ABOVE 20 LAC365 Days11%2% - 15%26%29.33%C
7MBL-1MAX. 1 LAKH365 Days16%1% - 10%26%29.33%C
8MBL-21 LAKH - 2 LAC365 Days15%1% - 11%26%29.33%C
9MBL-3ABOVE 2 LAC365 Days14%1% - 12%26%29.33%C
10SS2-5MIN. 5 LAC365 Days14%1% - 12%26%29.33%C
11SA+ 4MIN. 5 LAC365 Days10.90%2% - 15.1%26%29.33%C
12MT+1MIN 2.50L365 Days10.90%2% - 15.1%26%29.33%C
13MT+2MIN 2L365 Days12.90%2% - 13.1%26%29.33%C
14MT+3MIN 1.5L365 Days16%2% - 10%24%29.33%C
15SYMAX. 1 LAKH365 Days21.50%4% - 6.5%28%31.89%C
16DSMAX. 75000365 Days12%2% - 14%26%29.33%C
'E' CATEGORY
1SXMIN. RS 1000365 Days24.75%0% - 1.25%26%29.33%E
2GA - 1MIN. RS 1000365 Days18%0% - 8%26%29.33%E
3GA - 21 LAKH - 2 LAC365 Days15%1% - 11%26%29.33%E
4GA - 32 LAC - 5 LAC365 Days14%2% - 12%26%29.33%E
5GA - 4ABOVE 5 LAC365 Days9.90%2% - 16.1%26%29.33%E
6MBL-1MAX. 1 LAKH365 Days16%1% - 10%26%29.33%E
7MBL-21 LAKH - 2 LAC365 Days15%1% - 11%26%29.33%E
8MBL-3ABOVE 2 LAC365 Days14%1% - 12%26%29.33%E
9SS2-1MIN. 1 LAKH365 Days16.50%1% - 9.5%26%29.33%E
10SS2- 2MIN. 1.95 LAC365 Days15.50%1% - 10.5%26%29.33%E
11SS2- 3MIN. 3 LAC365 Days14.50%1% - 11.5%26%29.33%E
12SS2-4MIN. 4 LAC365 Days13.50%1% - 12.5%26%29.33%E
13SS2- 5MIN. 5 LAC365 Days11.90%1% - 14.1%26%29.33%E
14SA+ 1MIN. 1.95 LAC365 Days10.90%1% - 15.1%26%29.33%E
15MT+1MIN 2.50 LAC365 Days10.90%2% - 15.1%26%29.33%E
16MT+2MIN 2 LAC365 Days12.90%2% - 13.1%26%29.33%E
17MT+3MIN 1.5 LAC365 Days16%2% - 10%26%29.33%E
18SYMAX. 1 LAKH365 Days21.50%4% - 6.5%28%31.89%E
19DSMAX. 75000365 Days12%2% - 14%26%29.33%E
'F' CATEGORY
1PL*MIN. Rs 1000365 Days21%0% - 5%26%29.33%F
2TK - 1MIN. Rs 50000365 Days19.75%1% - 6.25%26%29.33%F
3TK - 21 LAKH - 5 LAC365 Days17%1% - 9%26%29.33%F
4TK - 35 LAC - 20 LAC365 Days12%2% - 14%26%29.33%F
5TMA-6ABOVE 20 LAC365 Days11%2% - 15%26%29.33%F
6MBL-1MAX. 1 LAKH365 Days16%1% - 10%26%29.33%F
7MBL-21 LAKH - 2 LAC365 Days15%1% - 11%26%29.33%F
8MBL-3ABOVE 2 LAC365 Days14%1% - 12%26%29.33%F
9SS2-1MIN. 1 LAKH365 Days16.50%1% - 9.5%26%29.33%F
10SS2- 2MIN. 1.95 LAC365 Days15.50%1% - 10.5%26%29.33%F
11SS2- 3MIN. 3 LAC365 Days14.50%1% - 11.5%26%29.33%F
12SS2-4MIN. 4 LAC365 Days13.50%1% - 12.5%26%29.33%F
13SS2- 5MIN. 5 LAC365 Days11.901% - 14.1%26%29.33%F
14SA+ 1MIN. 1.95 LAC365 Days10.90%2% - 15.1%26%29.33%F
15MT+1MIN 2.50 LAC365 Days10.902% - 15.1%26%29.33%F
16MT+ 2MIN 2 LAC365 Days12.90%2% - 13.1%26%29.33%F
17MT+3MIN 1.5 LAC365 Days16%2% - 10%26%29.33%F
18DSMAX. 75000365 Days12%2% - 14%26%29.33%F

 

Rebate in Gold loan Scheme

  • For regular monthly interest paying customers, the initial interest rate slab will be continued during the contracted loan tenure.
  • Effective interest rate of various gold loan schemes is applicable after adjusting interest rebate on prompt monthly interest remittance by the customers. The eligibility for interest rebate is based on the interest remittance frequency and available till the end of contracted loan tenure to all customers.
  • 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:
  • 4 repledges in every 15 days from the inventory created date - Effective Interest Rate of 12% p.a.
  • 3 repledges in every 15 days from the inventory created date - 4% interest Rebate.
  • 2 repledges in every 15 days from the inventory created date - 2% interest Rebate.
  • 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
  • 1 repledge in every 30 days from the inventory created date - 1% interest Rebate
  • For counting number of repldges during every 15days, the difference between two pledges shall be minimum 1 day.
  • Repledge via online mode(Web/App) only will be considered for interest rate rebate eligibility.
  • Repledge done on the inventory creation day will not be considered for interest rate rebate eligibility
  • *Effective Interest Rate is based on inventory concept, meeting the repledge criteria*

Note

  • PL Scheme is applicable only in Kerala state.
  • MT+1, MT+2 and MT+3 are takeover schemes which are takeover from Nationalized Bank, Private Bank & NBFC and Local Finance respectively.
  • MBL-1, MBL-2 & MBL-3 Scheme is applicable for Live customers in MBL scheme, whose pledge age is <=180 days.
  • S category includes branches in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana.
  • Penal charges will be at 3% p.a. after loan tenure.
  • Compounding in all Schemes at monthly rest.
  • Processing fee for gold loan shall be charged at Rs.10/- (Excl. Tax) and Additional processing fee for all repledges at 0.007% (Excl. Tax) of the loan amount at the time of settlement of loan.
  •  Individual Exposure Limit - Maximum loan value of Rs.25 Lakh is sanctioned by Branch Head and above this limit is approved by higher authorities
  • To view the Branch Category List Click here.

Approach for Gradation of Risk

The Lending Rate will be different for different categories of borrowers, considering profile
of the customer, tenure of customer relationship, past repayment track record, customer
segment, market reputation, inherent credit and default risk in the products, subventions
and subsidies available, ancillary business opportunities, future potential, group strength
and value to lender group, overall customer yield, Loan‐to Value (LTV) ratio, nature and
value of primary and collateral security etc. The Lending Rate is determined on a case to
case basis.