CUB Non Agriculture Gold Loan

CUB Non Agriculture Gold Loan



Type of Facility Demand Loan with tenor of,
4 months
6 months
9 months
12 months
Quantum Maximum of 75% of the market value of gold or 75% of the value of the gold ornaments as appraised by a bank approved appraiser whichever is lower (on gross weight) subject to scale of finance fixed from time to time.
Security Pledge of gold ornaments with purity between 22 carats to 24 carats only
Rate of Interest Tenure 4 months 6 months 9 months 12 months
ROI 11.70% p.a 11.70% p.a < Rs 100lakh 11.00% p.a < Rs50 lakh 11.00% p.a
> Rs 50lakh to < Rs 100lakh 11.25% p.a
>Rs.100lakh 12.00% p.a >100 lakh 12.25% p.a
Processing Fee Tenure 4 months 6 months 9 months 12 months
PC 0.10%+GST < Rs10 lakh 0.15%+GST 0.25+GST 0.25+GST
>Rs 10 lakh to 0.10%+GST
>Rs 25lakh 0.05%+GST
LTV As per RBI Norms i.e LTV 75% to be maintained throughout the tenure of loan for all maturities. The borrower will be called upon to reduce the loan outstanding to maintain LTV always upto 75% or above.

Last Updated on: 10-10-2025 06:12:13 PM

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