#1
April 7th, 2017, 01:42 PM
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South Indian Bank Jewel Loan Interest
Hello sir, is there any one can tell me how many percentages are applied interest rates on Jewel loan from South Indian Bank?
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#2
April 7th, 2017, 02:57 PM
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Re: South Indian Bank Jewel Loan Interest
The main purpose of the Jewel loan is provided by South Indian Bank is available for meeting personal/family/business/finance requirements/other unforeseen requirements. The South Indian Bank offers Gold Loans to customers under various schemes to offer loan against gold objects to meet the customer’s financial requirements. Rate of interest: For loans to normal individuals – 1 year + MCLR For loans to the Priority Sector (MSE) – 1 year + MCLR Amount of Advance Minimum :Rs. 5,000/- Maximum : Rs 10.00 Crore. Security Pledge of 22ct Gold jewellery / ornaments Period of loan 12 Months Cutoff date for conducting auction As per norms Minimum Interest Minimum for 5 days or Rs.50/- whichever is higher. Interest rate: Category Interest rate Gold Power-Indvidual 1 year MCLR + 1.65% Gold Power-Business/Self employed 1 year MCLR + 1.65% Gold Power-Re-pledge 1 year MCLR + 1.65% Schematic Loans (Fixed Rate) Category Interest rate Gold Rush Scheme 11.00% Gold Max Scheme (For other purpose) 11.00% Gold Max Scheme (For agricultural purposes ) 10.50% Gold Loan General 11.00% Gold Loan Agri 10.50% Gold Loan Agri up to & incl 3 lakhs-Interest Subvention 7.00% Gold Loan - Other Priority Sector (other than Agriculture Gold loan) 11.00% Gold Max Plus 11.00% Gold Loan Monthly Interest Payment 11.00% SIB Personal Loan Scheme. 13.00% |
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