“OD Against Gold Jewels” is a new product / facility to the customers wherein an OD Limit is fixed instead of Term Loan facility with additional benefits. Apart from General Public & Women Borrowers, a new Target Group “COVID Warriors“ has been enabled to give due respect & value their services during this pandemic scenario.
COVID Warriors proposed to include
|Entry Age – Minimum 21 years
|Any purpose other than speculative
|Quantum of loan
|75% of market value of the Jewels pledged or Per gram advance value of Jewels, whichever is lower
|Interest to be serviced as and when charged in the account.
Withdrawals are permitted within the limit sanctioned
|To be borne by the applicant
|Pledge of Gold Jewels
|Add on benefits
|Issuance of Rupay Card & Personalised Cheque Books
|Renewal of account
|The Account should be renewed within one year from the date of original / latest sanction and the OD Limit will be re-assessed based on the value of Jewels pledged considering the margin requirements as on that date.
( Last modified on Nov 16, 2022 at 01:11:29 PM )