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Purpose:

All type of agriculture / allied activity, for Business enterprises, any other activity taken up by the applicant for self employment and Personal consumption needs except for speculative purposes.

Apply For Gold Loan

Eligibility: Oriental Bank of Commerce Gold Loan

The scheme shall be open for all the individual / proprietors borrowers irrespective of Gender, Cast & Creed.

 

Amount of Loan: Oriental Bank of Commerce Gold Loan

Up to Rs. 10 lacs per borrower.

 

Nature of Facility: Oriental Bank of Commerce Gold Loan

Demand loan/ Overdraftdepending upon the purpose and requirement of the borrower

 

Margin: Oriental Bank of Commerce Gold Loan

30% against value of gold jewellery offered as security as assessed / appraised by the approved valuer.

 

Processing Fee: Oriental Bank of Commerce Gold Loan

Processing fee @ 0.50% per lac.

 

Documentation Charges:Oriental Bank of Commerce Gold Loan

1) Loan for general purpose

a) Up to limit of Rs.2.00 lacs- Rs.250

b) Above limit of Rs.2 lacs– Rs.500

2) Loan for agricultural purpose

c) Up to limit of Rs.2.00 lacs- NIL

d) Above limit of Rs.2 lacs– Rs.500

 

Security: Oriental Bank of Commerce Gold Loan

Pledge of gold ornament, which has purity between 24 carat to 22 carats

 

Repayment: Oriental Bank of Commerce Gold Loan

Demand loan is to be liquidated within a maximum period of 12 months.

Overdraft facility shall be reviewed / renewed every year.

Apply For Gold Loan

Oriental Bank of Commerce Gold Loan Interest Rate:

 

Advance Against Gold Jewellery

1.)Rate of Interest for Agriculture  purpose

 

Loan upto Rs.50000

BR +1.50%   =12.25%

Loan above Rs.50000 & upto Rs. 2.00 Lacs

BR +2.50%   =13.25%

    Above Rs. 2.00 Lac & up to Rs. 10.00 Lacs

BR +3.50%  = 14.25%

2.) Other than Agriculture purpose

BR +5.00%   =15.75%

 

 
 

Leading Gold Loan Providers (Click to Apply)
Manappuram Gold Loan

Muthoot Gold Loan

HDFC Gold Loan Other banks

 


 

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