Benefits

Digital Gold Loan

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To apply for the scheme for advance against Gold Jewellery/ Gold Ornaments Click here

Customer Segment

Agriculture Segment Retail Segment
Any person engaged in any agriculture or allied activities as well as person engaged in activities permitted by RBI to be classified under agriculture. A individual person resident of India.

Eligibility

Existing Customer of Bank

NTB customer (who are new to Bank)

Purpose

Agriculture Segment Retail Segment

To meet the short-term production/investment credit for:

Crop Production

Land based activity other than crop production

Allied agriculture activity

Repayment of loan taken from non-institutional lenders

For Personal need/use– Non-agricultural purpose.

Type Of Credit

Agriculture Segment Retail Segment
Demand loan- Bullet payment( one time payment). Demand loan- Bullet payment( one time payment).
EMI based repayment.

Loan Amount

Agriculture Segment Retail Segment
Minimum Rs. 10,000/- and Maximum Rs. 10,00,000/- per borrower. Minimum Rs 25,000/- and Maximum Rs 25,00,000/- per borrower.

Margin

Agriculture Segment Retail Segment
DL-Bullet 15%
Variant Margin
DL-Bullet 32%
TL- EMI 28%

Rate of Interest

Agriculture Segment Retail Segment
MCLR (One Year)Presently - 9.05% RLLR + BSP Presently - 8.85%

Tenure

Agriculture Segment Retail Segment
Demand loan of maximum 12 months (Bullet) Demand loan of maximum 12 months (Bullet).
EMI- Maximum 36 months.

Security

Agriculture Segment Retail Segment
Pledge of Gold Jewellery/Ornaments Pledge of Gold Jewellery/Ornaments

Disbursement

Agriculture Segment Retail Segment
Amount will be disbursed digitally in the operative account of customer. Amount will be disbursed digitally in the operative account of customer.

Processing fee/Upfront Fee

Agriculture Segment Retail Segment

Up to Rs.50000 – NIL

Above Rs.50000 upto Rs.2.00 lakh – Rs.500 +GST.

Above 2 Lakh 0.30% of loan amount + GST

0.30% of loan amount + GST
or
Rs. 500 + GST, whichever is higher.

Documentation Charge

Agriculture Segment Retail Segment
Documentation Charge – NIL Documentation Charge – NIL

Documentation Charge

Rs 3.00 per thousand + GST, maximum Rs. 500.00 + GST Upto 5 Lakh.

Rs. 1000.00 + GST, Above 5 Lakh.