Gold Loan Charges

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  • The processing fee for a gold loan shall be Rs. 10/- (excluding tax). An additional processing fee of 0.007% (excluding tax) of the loan amount will be charged for all repledges at the time of loan settlement.
  • Penal charges shall be applied at 3% per annum.
  • Stamp duty is being collected in the state of Karnataka as follows:
    State / Loan Amount Stamp Duty
    Karnataka: 1 Lakhs to 10 Lakhs 0.10% of the loan amount
    Karnataka: Above 10 Lakhs 0.20% of the loan amount
  • Security charges range from Rs. 15 to Rs. 95 based on the loan amount and are charged at the time of disbursal, except in branches in Kerala, Tamil Nadu, Telangana, Andhra Pradesh, and Karnataka as mentioned below:
    Pledge amount Security Charges
    Up to 10000 No charges
    >10000 to 50000 Rs.15
    >50000 to 1Lac Rs.30
    >1Lac to 1.5Lac Rs.45
    >1.5Lac to 2LAv Rs.60
    >2Lac to 5Lac Rs75
    Above 5Lac Rs.95
  • Auction charges range from Rs. 500 to Rs. 1000 based on the loan amount as mentioned below.
    Particulars Loan Amount
    0-1 Lakhs 1-2 Lakhs 2 Lakhs& Above
    Printing & Stationary 50 100 150
    Advertisement Charges 150 150 150
    Transportation 50 75 100
    Insurance 25 75 75
    Charges paid to auctioneer 25 50 50
    Postage 50 50 50
    Expense incurred for sorting, litting, and other auction related work 150 250 425
    Total Auction charges Rs.500 Rs.750 Rs.1000
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