|
|
Gold Loan
|
Overdraft
|
|
Processing Fee | 1% plus GST as applicable
|
1% plus GST as applicable
|
|
Foreclosure Fee
|
2% of the sanction amount plus applicable taxes, if loan is closed before 6 months from sanction date.
1% of the sanction loan amount plus applicable taxes, if loan is closed on or after 6 months but before 11 months.
Nil pre-payment charges will be applicable if loan is closed on or after 11 months from the sanction date.
|
|
Renewal Fee
|
0.25% plus GST as applicable
|
0.25% plus GST as applicable
|
|
Penal Interest
|
6% PA
|
6% PA
|
|
Part Payment charges
|
Nil
|
Nil
|
|
Stamp duty charges
|
As per state applicable norm
|
As per state applicable norms
|
|
Valuation Fee
|
Other than Punjab state - 0.25% or Rs 500/-(Whichever is lower)
Applicable only for Punjab - 0.40% or Rs 1200/- (Whichever is lower)
|
Current prevailing rate:
| Fixed Rate Loan |
1 year MCLR |
Spread over 1 year MCLR |
Effective Interest Rate |
Reset |
| Gold Loan |
8.45% |
5.55% |
( 8.45% + 5.55%) 14% |
No Reset |
Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable)
