Karnataka Gramin Bank

Special Gold Loan

  • Purpose
  • Scheme Code
  • Assessment of Quantum of loan
  • Re-appraisal
  • Repayment

Purpose

Purpose

  • Meet the expenses of Agri. Allied activities, Sheep rearing, Farm Mechanisation etc., ( ROR / Khata Extract).
  • Non Agri. Business purposes ( Any document like VAT, Sales Tax, Income Tax etc.,)

Scheme Code

Scheme Code

  • For Agri Allied : AG302
  • For Non Agri : GA112

Assessment of Quantum of loan

Assessment of Quantum of loan

  • Average price per gram or 75% of appraisal value whichever is less.
  • Minimum : Rs.5000/- per party
  • Maximum : Rs. 1000000/-

Repayment

Repayment

  • 12 Months

Re-appraisal

Re-appraisal

Wherever exposure exceeds Rs.2.00 lakhs

  • All Gold Loans accounts exceeds 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