As you are searching for information about Gold Loan Scheme of Oriental Bank of Commerce, so I am providing following information:

Oriental Bank of Commerce: Gold Loan Scheme:

Scheme - Loan against Gold/Jewellery

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

Amount of Loan
Up to Rs. 10 lacs per borrower.

Nature of Facility
Demand loan/ Overdraft depending upon the purpose and requirement of the borrower

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

Process Fee:
Process fee @ 0.50% per lac.

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

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

Rate of Interest
FOR FARMERS
Loan upto Rs.50000 BR +1.00% = 10.70%
Loan above Rs.50000 & upto Rs.2 Lacs BR +1.50% = 11.20%
Above Rs. 2 Lacs & upto Rs. 10 Lacs BR +2.00% = 11.70%

FOR GENERAL PUBLIC
Demand Loan BR+1.50% = 11.20%
Overdraft Facility BR+2.00% = 11.70%