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    TMB - Gold Overdraft

    Any Individual who is competent to enter into a valid Contract and to create Pledge except Financiers, Jewellers, & Jewellery Shop Owners

    Overdraft

    • Minimum : Rs.1,00,000/-
    • Maximum : For Agriculture purpose- Rs.500000/-
    • For General Purpose - Rs.1000000/-

    Margin :- 25%

    Repayment :-

    • 12 Months (Part release of Jewels pledged are permitted).

    Security :-

    • Primary :
      • Gold Jewels and Gold Coins (excluding Repledge).
    • Condition :
      • Weight and value of the Precious Stones embedded in the Gold Jewels should be disregarded

    Interest :

    • For MSE advances, Click RLLR Rates of Interest for RLLR based interest rates.
    • For Other Advances,   Click for MCLR based interest rates.
    • MCLR (1 Year: 8.90%) + Risk Premium (NIL) + BSS is (0.50%), presently 9.40% p.a

    Fees & Charges :

    • Upto 5 Lakhs : Rs. 500 + GST
    • Above Rs.5 lakhs to Rs.10 lakhs – Rs.1000 + GST
    • Above Rs.10 lakhs to Rs.20 lakhs – Rs.2000 + GST