Avail up to Rs.34,000/- for 1 soverign (8 grams) & Rs.4,250/- for 1 gram for your gold loan (for 916 purity gold ornaments).
Gold Loan interest rate as on 15th July 2023
| Scheme | Rate of Interest | Loan-To-Value per Gram | Loan Tenure |
|---|---|---|---|
| T-Scheme* | 12 % | Rs. 4100/- | 1 year |
| Ordinary | 18 % | Rs. 4250/- | 1 year |
*In T-scheme, interests has to be cleared within every 30 days to avail the 12% interest rate. Failure to clear the interest in every 30 days will result in an increase in the interest rate.
- Interest is calculated only for the exact period of loan and to the exact number of days.
- If the loan is closed on the same day, interest is charged for that one day only.
- In T-scheme, interests has to be cleared within every 30 days to avail the 12% interest rate. Failure to clear the interest in every 30 days will result in an increase in the interest rate.
