Personal BankingLoansGold LoansGold Loan - Business Segment

Gold Power /Power Re-Pledge/NEO Schemes

For any genuine requirements of business or self-employed persons / entities or for on-lending purpose

Target Customers

 Individuals / Proprietorship concern/ Hindu Undivided Family/ Partnership Firm/      Pvt. Ltd / Public Ltd. Company/LLPs

Type of facility
Overdraft / Term Loans with bullet repayment options
Rate of Interest

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Quantum of Finance

Minimum - Rs. 0.25 Lacs (Gold Power), Rs 25.00 Lacs (NEO)

Maximum - Rs. 2500.00 Lacs
Rate Per Gram/ LTV
  • Up to 75%, as fixed by bank from time to time (Overdraft schemes)
  • Up to 72% as fixed by bank from time to time (TLs under NEO)

Primary security of 22 ct (916) Gold Ornaments/ Jewellary

(Bank shall not fund against Gold/ Silver bullion as it is prohibited by RBI)

Tenor of Loan
  • 36 months (Overdraft) with monthly interest servicing.
  • Under NEO scheme, flexible loan tenure options of of 3 Months/ 6 Months/ 12 Months are available as per the requirement of the customerwith repayment at the end of the loan tenure.

(For continuing the overdraft facility after 36 months, Limit can be renewed. Limit is subject to annual review)

Processing Fee
0.25% p a. of the limit sanctioned.
Penal Interest

2% p.a. for the defaulted amount for the defaulted period.

Special Features
  • Safety of the ornaments – Under custody of the Bank.
  • Liquidity of the gold is ensured – by sanctioning an overdraft against pledge of ornaments.
  • Availability of the ornaments for use at any time – there is provision for release of the ornaments & re-deposit of the ornaments without any restrictions.
  • Businessmen/ entities/ Self-Employed persons with any acceptable proof of business or self-employment can avail the facility.
  • For Re-pledge borrowers: Licenses / additional documents as per policy/norms to be submitted.  
Micro Gold Scheme

Gold Loans with repayment at the end of the loan tenure

Purpose of the loan

For meeting the temporary business needs of individuals engaged in any income generating activities under Micro Segment. Loan is offered at a very attractive rate of interest.

Amount of Advance
Minimum: Rs. 25,000/-
Maximum : Rs 10.00 lacs.
Pledge of 22ct Gold jewellery / ornaments
Rate of interest

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Type of loan
Demand Loan /Term Loan
Period of loan
6 Months / 12 Months
Rate per gram / LTV

Up to 71 % as fixed by bank from time to time

Minimum Interest
Minimum for 5 days or Rs.50/- whichever is higher.