Repayment Period
ADVANCE AGAINST GOLD JEWELLERY/GOLD ORNAMENTS
The loan to be repaid by any of the following option:
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Demand loan – Bullet repayment - A variant of gold loan where repayment of loan is permitted by way of bullet repayment at the end of the term i.e. maximum up to 12 months. There is no requirement to service the interest or instalment during the loan term.
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Demand Loan - EMI BASED - A traditional variant of Gold Loan with repayment Facility in 36 Months.
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Overdraft - The overdraft facility will be sanctioned for a period of 12 months only subject to annual review. Interest debited in the account on monthly basis to be recovered from the customer
ADVANCE AGAINST SOVEREIGN GOLD BONDS
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Till the date of maturity i.e. Maximum 8 years or residual period of the Gold Bond whichever is earlier.