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Loan Schemes

Gold Loan Schemes-Call :
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Gradation of Risks

TGL Scheme

INTEREST PAYMENT PERIODICITY INTEREST PAYMENT PERIOD INTEREST RATE (% p.a)
Regularly Monthly Interest Paid 0 - 30 Days 90 Paise (10.8% p.a)
If the monthly Interest is not paid above 30 days and below 90 days,the default interest will be 12% p.a. The 12% p.a interest will be calculated for the balance principle loan amount from the date of loan sanction or the date of last full interest paid.
If the interest or / and principle is due for above 365 days, the pledged gold / gold jewels will be auctioned.
LGL Scheme

INTEREST PAYMENT PERIODICITY INTEREST PAYMENT PERIOD INTEREST RATE (% p.a)
Regularly Monthly Interest Paid 0 - 30 Days Rs. 1 (12% p.a)
Monthly Interest Paid 1 - 90 Days Rs. 1.50 (18% p.a)
Monthly Interest Paid 0 - 365 Days Rs. 2 (24% p.a)
Monthly Interest Paid Above 365 Days Rs. 2.25 (27% p.a)
If the monthly Interest is not paid above 30 days and below 90 days,the default interest will be 18% p.a. The 18% p.a interest will be calculated for the balance principle loan amount from the date of loan sanction or the date of last full interest paid.
If the monthly Interest is not paid above 90 days and below 365 days,the default interest will be 24% p.a. The 24% p.a interest will be calculated for the balance principle loan amount from the date of loan sanction or the date of last full interest paid.
If the monthly Interest is not paid above 365 days,the default interest will be 27% p.a. The 27% p.a interest will be calculated for the balance principle loan amount from the date of loan sanction or the date of last full interest paid.
If the interest or / and principle is due for above 365 days, the pledged gold / gold jewels will be auctioned.
MGL Scheme

INTEREST PAYMENT PERIODICITY INTEREST PAYMENT PERIOD INTEREST RATE (% p.a)
Regularly Monthly Interest Paid 0 - 30 Days Rs. 1.50 (18% p.a)
Monthly Interest Paid 1 - 90 Days Rs. 1.50 (18% p.a)
Monthly Interest Paid 0 - 365 Days Rs. 2 (24% p.a)
Monthly Interest Paid Above 365 Days Rs. 2.25 (27% p.a)
If the monthly Interest is not paid above 30 days and below 365 days ,the default interest will be 24%p.a. The 24% p.a interest will be calculated for the balance principle loan amount from the date of loan sanction or the date of last full interest paid.
If the monthly Interest is not paid above 365 days,the default interest will be 27% p.a. The 27% p.a interest will be calculated for the balance principle loan amount from the date of loan sanction or the date of last full interest paid.
If the interest or / and principle is due for above 365 days, the pledged gold / gold jewels will be auctioned..
HGL Scheme

INTEREST PAYMENT PERIODICITY INTEREST PAYMENT PERIOD INTEREST RATE (% p.a)
Regularly Monthly Interest Paid 0 - 30 Days Rs. 2.10 (25.20% p.a)
Monthly Interest Paid 0 - 180 Days Rs. 2.25 (27% p.a)
If the monthly Interest is not paid above 180 days,the default interest will be 27%p.a. The 27% p.a interest will be calculated for the balance principle loan amount from the date of loan sanction or the date of last full interest paid.
If the interest or / and principle is due for above 365 days, the pledged gold / gold jewels will be auctioned.
To know the gold loan sample calculation
To know the gold loan sample calculation

View Calculation