Digital Gold Loan

Purpose

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

Crop Production

Land based activity other than crop cultivation

Irrigation

Allied agriculture activity
- Dairy
- Other Allied

Repayment of loan taken from non-institutional lenders

For Personal need/use – Non-agricultural purpose.

Eligibility

Existing Customer of Bank

NTB customer (who are new to Bank)

Type Of Credit

Demand Loan - Bullet payment (one-time payment)

EMI based repayment

Loan Amount

For Agriculture purpose - Min. Rs.10000/- and Max. Rs.2.00 lakh

For Retail Purpose - Min.Rs.25000/- and Max. Rs.25.00 lakh per borrower

Disbursement

Amount will be disbursed digitally in account of the customer

Security

Pledge of Gold Jewellery/ ornaments.

Processing Fee and charges

For Agriculture purpose –
- Upto 50,000 - NIL.
- Above 50, 000- Rs.500/- +GST

For Retail Purpose - 0.30 % of Loan Amount,max Rs 500+ GST

ROI

For Agriculture purpose - MCLR (one year)

For Retail Purpose - RLLR+BSP

Documentation fees

NIL

Valuation Charges

Rs.3/-+ GST per Thousand, maximum Rs. 500/-+ GST