1. Minimum: Rs. 5,000/-. Maximum loan amount should not be more than the value of 1 kilogram of gold. At present it is Rs. 75.00 lakhs.
2. Gold ornaments or coins can be accepted as security; however, the aggregate weight of gold coin(s) pledged shall not exceed 50 grams.
3. Under bullet repayment, the maximum loan amount is Rs. 25 lakhs.

Instalment loan – Maximum: 60 months.
Borrower will have the option of making repayment in monthly / quarterly / half-yearly / lump sum / instalments of his choice within the period of 60 months.

C/A OD should be sanctioned only selectively, to customers of good standing, for a period of 36 months. During the currency of the advance the interest should be served regularly on monthly basis and OD to be liquidated within 36 months. However, in such cases, the borrower is required to meet the interest obligations on a monthly basis only.

Bullet repayment: 12 months. Loan amount to be repaid with interest within 12 months, with renewal clause applicable.

For staff: Instalment loan may be granted to staff members (all categories), repayable in 60 EMIs linked with monthly salary, for the purposes of meeting (i) medical expenses; (ii) educational expenses in India and abroad; (iii) expenses for purchasing land / building or constructing a house.

0.50% p.a. of the original limit, subject to a minimum Rs. 1,000/- + GST, whichever is higher.

1% p.a. of the original limit, subject to a minimum amount equivalent to the annual rent of the smallest size locker, i.e. Rs. 600/- + GST, in case the loan is not drawn to at least 50% of D.P. (charge not applicable to staff members).

(The charge is levied to obviate the possibility of some customers misutilising the facility to keep their valuables safely with the Bank without drawing sufficiently on their overdraft account.)

MCLR rate + premium. At present MCLR = 7.80%