|Eligibility of borrower||* Having current / saving account holder of the Bank.
* KYC norms should be observed.
* Applicant must have his own ornaments.
* Borrower must be a member /nominal member of the bank.
|Purpose of Loan||* To meet the expenses towards.
* Social ceremonies of the members.
* Medical treatment of the members and his family members.
* Educational expenses of his children.
* Repairing of his residential house.
* Any other purposes.
|Quantum of finance||* Loan up to 75% of the market value price or contum fixed by the Board of directors as per prevaling market value time to time per 10gms of gold ornaments whichever is less will be granted. women borrower will be allowed Rs.1000/-extra per 10gms.
* Maximum Rs.2.00 lac.
|Repayment period||* 12 months for repayment of total loan in one lump sum and interest to be repaid monthly.
* Max. 12 Months with monthly installments together with interest.
|Rate of Interest||10.50% p. a .|
|Security||Pledge of gold ornaments with the Bank.|