Karnataka Gramin Bank

Gold Loan

  • Quantum of Loan
  • In case of Crop Loan (AG301)
  • Re-appraisal
  • Obtention of Land/s record in case of Crop loan
  • Int. Subvention
  • Repayment

Quantum of Loan

Quantum of Loan

  • Average Price per Gram (APG) of 22 carat Gold during preceding month as quoted by M/s India Bullion & Jewelry Association Ltd., to be considered for finance as follows – HO will communicate on every 10th of the succeeding month, the quantum of loan per gram. However, the loan limit should not exceed 75% of the value of gold ornaments.

In case of Crop Loan (AG301)

In case of Crop Loan (AG301)

  • Scale of Finance, Rate per gram communicated by HO or 75% of the gold value whichever is less.

Re-appraisal

Re-appraisal

  • Wherever exposure exceeds Rs.2.00 lakhs
  • All overdue Gold Loans, accounts exceeding limit of above Rs.1.00 lakh are to be re-appraised invariably at the time of regular inspection in the presence of Inspecting Officer

Obtention of Land/s record in case of Crop loan

Obtention of Land/s record in case of Crop loan

  • Up to Rs.50000/- only Declaration
  • Above Rs.50000/- : All land records RTC / Khata Extract

Int. Subvention

Int. Subvention

  • Up to Rs.3.00 lakhs (Aggregate limit of AGL +PKCC)

Repayment

Repayment

  • 12 Months