S.NO.SCHEME NAMELOAN LIMITLOAN TENUREBASE INTEREST RATEEFFECTIVE INTEREST RATE ANNUALISED INTEREST RATE
1-90 Days91-180 Days181-270 DaysAbove 270 Days
1HNLMin 50 Lakh365 Days21.95%11.00%15.00%18.00%21.95%21.95%
K Category (479 Branches)
S.NO.SCHEME NAMELOAN LIMITLOAN TENURELTVBASE INTEREST RATEMONTHLY PROMPT RATEBIMONTHLY PROMPT RATEQUARTERLY PROMPT RATEANNUALISED INTEREST RATE
1SLMin Rs.1000365 Days75%21.95%21.00%21.95%21.95%21.95%
2TMA 2Min 2L365 Days75%21.95%20.50%21.95%21.95%21.95%
3TMA 3Min 3L365 Days75%21.95%20.00%21.95%21.95%21.95%
4TMA 5Min 5L365 Days75%21.95%16.50%21.00%21.95%21.95%
5TMA 6Min 20L365 Days75%21.95%12.50%20.00%21.95%21.95%
6SS2-1Min 1L365 Days65%21.95%19.00%21.95%21.95%21.95%
7SA+1Min 1.95L365 Days60%21.95%11.50%21.95%21.95%21.95%
8

MT+1

Min 2L365 Days75%21.95%12.00%21.95%21.95%21.95%
9

MT+2

Min 1L365 Days75%21.95%13.50%21.95%21.95%21.95%
10

MT+3

Min 75K365 Days75%21.95%15.00%

21.95%

21.95%21.95%
11

SY

Max 1L

365 Days60%21.95%20.00%21.95%21.95%21.95%
12

DS

Max 75K365 Days

50%

21.95%12.00%20.00%21.95%21.95%
S Category(1555 Branches)
S.NO.SCHEME NAMELOAN LIMITLOAN TENURELTVBASE INTEREST RATEMONTHLY PROMPT RATEBIMONTHLY PROMPT RATEQUARTERLY PROMPT RATEANNUALISED INTEREST RATE
1SLMin Rs.1000365 Days75%21.95%21.95%21.95%21.95%21.95%
2TMA1Min 1L365 Days75%21.95%21.50%21.95%21.95%21.95%
3TMA2Min 2L365 Days75%21.95%21.00%21.95%21.95%21.95%
4TMA3Min 3L365 Days75%21.95%20.00%21.95%21.95%21.95%
5TMA5Min 5L365 Days75%21.95%16.50%21.00%21.95%21.95%
6TMA6Min 20L365 Days75%21.95%12.50%20.00%21.95%21.95%
7SS2-1Min 1L365 Days65%21.95%19.50%21.95%21.95%21.95%
8SA+1Min 1.95L365 Days60%21.95%11.50%21.95%21.95%21.95%
9MT+1Min 2L365 Days75%21.95%12.00%21.95%21.95%21.95%
10MT+2Min 1L365 Days75%21.95%13.50%21.95%21.95%21.95%
11MT+3Min 75K365 Days75%21.95%15.00%21.95%21.95%21.95%
12SYMax 1L365 Days60%21.95%20.00%21.95%21.95%21.95%
13DSMax 75K365 Days50%21.95%12.00%20.00%21.95%21.95%
A Category(1227 Branches)
S.NO.SCHEME NAMELOAN LIMITLOAN TENURELTVBASE INTEREST RATEMONTHLY PROMPT RATEBIMONTHLY PROMPT RATEQUARTERLY PROMPT RATEANNUALISED INTEREST RATE
1SLMin Rs.1000365 Days75%21.95%21.95%21.95%21.95%21.95%
2TMA1Min 1L365 Days75%21.95%21.50%21.95%21.95%21.95%
3TMA2Min 2L365 Days75%21.95%21.00%21.95%21.95%21.95%
4TMA5Min 5L365 Days75%21.95%17.00%21.00%21.95%21.95%
5TMA6Min 20L365 Days75%21.95%12.50%20.00%21.95%21.95%
6SS2-1Min 1L365 Days65%21.95%20.00%21.95%21.95%21.95%
7SA+1Min 1.95L365 Days60%21.95%11.50%21.95%21.95%21.95%
8MT+1Min 2L365 Days75%21.95%12.00%21.95%21.95%21.95%
9MT+2Min 1L365 Days75%21.95%13.50%21.95%21.95%21.95%
10MT+3Min 75K365 Days75%21.95%15.00%21.95%21.95%21.95%
11SYMax 1L365 Days60%21.95%20.00%21.95%21.95%21.95%
12DSMax 75K365 Days50%21.95%12.00%20.00%21.95%21.95%
B Category(213 Branches)
S.NO.SCHEME NAMELOAN LIMITLOAN TENURELTVBASE INTEREST RATEMONTHLY PROMPT RATEBIMONTHLY PROMPT RATEQUARTERLY PROMPT RATEANNUALISED INTEREST RATE
1SLMin Rs.1000365 Days75%21.95%21.95%21.95%21.95%21.95%
2TMA1Min 1L365 Days75%21.95%21.50%21.95%21.95%21.95%
3TMA5Min 5L365 Days75%21.95%18.00%21.00%21.95%21.95%
4TMA6Min 20L365 Days75%21.95%12.50%20.00%21.95%21.95%
5SS2-1Min 1L365 Days65%21.95%20.00%21.95%21.95%21.95%
6SA+1Min 1.95L365 Days60%21.95%11.50%21.95%21.95%21.95%
7MT+1Min 2L365 Days75%21.95%12.00%21.95%21.95%21.95%
8MT+2Min 1L365 Days75%21.95%13.50%21.95%21.95%21.95%
9MT+3Min 75K365 Days75%21.95%15.00%21.95%21.95%21.95%
10SYMax 1L365 Days60%21.95%20.00%21.95%21.95%21.95%
11DSMax 75K365 Days50%21.95%12.00%20.00%21.95%21.95%
G Category(50 Branches)
S.NO.SCHEME NAMELOAN LIMITLOAN TENURELTVBASE INTEREST RATEMONTHLY PROMPT RATEBIMONTHLY PROMPT RATEQUARTERLY PROMPT RATEANNUALISED INTEREST RATE
1SLMin Rs.1000365 Days75%21.95%21.95%21.95%21.95%21.95%
2TMA1Min 1L365 Days75%21.95%21.50%21.95%21.95%21.95%
3TMA2Min 2L365 Days75%21.95%21.00%21.95%21.95%21.95%
4TMA3Min 3L365 Days75%21.95%20.00%21.95%21.95%21.95%
5TMA5Min 5L365 Days75%21.95%16.50%21.00%21.95%21.95%
6TMA6Min 20L365 Days75%21.95%9.90%20.00%21.95%21.95%
7SS2-1Min 1L365 Days65%21.95%19.00%21.95%21.95%21.95%
8SS2-2Min1.95L
 		365 Days70%
 		21.95%
 		15.50%
 		21.95%
 		21.95%
 		21.95%
 
9SA+1Min 1.95L365 Days60%21.95%11.50%21.95%21.95%21.95%
10MT+1Min 2L365 Days75%21.95%12.00%21.95%21.95%21.95%
11MT+2Min 1L365 Days75%21.95%13.50%21.95%21.95%21.95%
12MT+3Min 75K365 Days75%21.95%15.00%21.95%21.95%21.95%
13SYMax 1L365 Days60%21.95%17.50%21.95%21.95%21.95%
14DSMax 75K365 Days50%21.95%12.00%20.00%21.95%21.95%

 

Note

  • 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.
  • MT+1, MT+2 and MT+3 are takeover schemes which are takeover from Nationalized Bank, Private Bank & NBFC and Local Finance respectively.
  • Penal charges will be at 2% 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).
  • 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 Branch Category  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.