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  • To meet the unforeseen contingencies (non-speculative purposes)
  • Lower Rate of Interest..
  • No Prepayment penalty.
  • Minimal processing charges.
  • Quick processing and disbursement.
  • To meet the Medical and other unforeseen expenses/ investment/ domestic expenses (non-speculative purposes)
Nature of Facility Single Transaction Limit
Loan Quantum
  • 75% of the Appraised Value of Gold.
  • Minimum Amount - Rs. 5000/-
  • Maximum amount - Rs. 35 Lakh.
    Subject to a ceiling of Rs. 35 Lakh per Borrower under four schemes viz Swarna loan, Swarna OD, Swarna Express & Swarna Monthly Interest.
Security

Pledge of

  • Gold ornaments/Jewellery.
  • Specially minted gold coins sold by banks up to 50 grams per customer
Repayment
  • Interest charged to be serviced as and when due at monthly intervals
  • Principal is to be repaid within 12 months from the date of sanction or as bullet payment on maturity.

Nomination Facility is available

  • Resident Individuals, NRIs

SWARNA SCHEMES

RLLR

Concession

Effective Rate of Interest under RLLR

Swarna Loan (Tenor – 12 Months)

9.25

-0.25

9.00

Swarna Overdraft

9.25

-0.25

9.00

Swarna Express (Tenor – 6 Months)

9.25

-0.25

9.00

Swarna Monthly Interest Loan

9.25

-0.25

9.00

Loan Product Consolidated Processing Charges (Excluding GST) till 31.03.2025

Swarna loan

0.30% of the Loan amount with a minimum of Rs.250.00 and maximum of Rs.3000.00

Swarna Overdraft

Swarna Monthly Interest

Swarna Express 0.15% of the Loan amount with a minimum of Rs.125.00 and maximum of Rs.1500.00
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Last updated on 20-08-2024 12:02 PM

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