|
|
Gold Loan
|
Overdraft
|
|
Processing Fee |
1% plus GST as applicable
|
1% plus GST as applicable
|
|
Foreclosure Fee
|
2% plus applicable taxes for 0-3months
1% plus applicable taxes from 3 to 6 months
0.5% plus applicable taxes from 6 months to 11 months
NiL for >11 Months
|
NIL
|
|
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 |
8.15% |
7.85% |
( 8.15% + 7.85%) 16% |
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)
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