Existing MSME Units (Proprietorship Firm only), both borrowing & non-borrowing units of our Bank, who want to avail loan against Gold Ornaments/ Jewellery.
Unit/ Shop shall be with running activity
Account should not be in NPA status
To provide hassle free financial assistance to existing MSME units (Proprietorship Firm only) against Gold Ornaments/ Jewellery held in the name of Proprietor, for fund based requirements for general business purpose & augment working capital, acquiring machinery/ equipment/ tools for repairs, renovations etc.
Loans will not be granted against Gold Bar/Bullion.
No financial documents required. Only self-declared projected turnover to be submitted
Quick Sanction & Simple Documentation
Nature of Facilit
Overdraft (OD) / Demand Loan (DL)
Quantum of loan
Minimum: > Rs. 1 lakh
Maximum: Rs. 50 lakh
Subject to not exceeding advance value of Gold
Pricing (linked to EBLR)
EBR + 0.60% (Present effective rate 7.25%)
(EBR i.e. External Benchmark Rate is 6.65% w.e.f. 01.07.2020)