#1
24th December 2016, 05:40 PM
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Bank of India Agriculture Gold Loan
HI I would like to have the information about the BOI Star Mahila Gold Loan Schemee which is offered by Bank of India?
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#2
25th December 2016, 10:47 AM
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Re: Bank of India Agriculture Gold Loan
BOI Star Mahila Gold Loan Scheme detals which is offered by Bank of India is as given below. Motivation behind Loan For buy of Gold trimmings, ideally hallmarked, from presumed Jewelers or potentially Gold coins of Bank of India. Target Group Resident Indian Women Working Women : Women for all time utilized in Central/State Govt./PSUs/Scheduled Banks/Teachers of Govt. Supported Institutions; and incorporate experts like Doctors/C.As/Chartered Engineers and so forth., Non Working Women: Not having salary confirmation. Life partner/other close relative who fulfill wage criteria to join as co-borrower. Age 18-60 years Rating Exercise Applicant ought to get least 20 marks, under banks rating activity, to be qualified for advance under the plan. Sort of Advance Demand/Term Loan Quantum of Advance Working/Non-working ladies: 10 times of month to month net payments (bring home pay of self/life partner, in the event of non working ladies) Professional : half of Gross Annual Income according to most recent Income Tax Return Minimum Rs. 50000/ - Maximum Rs.2 lacs. Margin 20% of the cost of Jewelry/Gold. Loan fee (Drifting, p.a. at month to month rests) 3.00% over Base Rate Punitive Interest To be imposed according to winning rules in such manner now and again Repayment Maximum 60 EMIs .However, reimbursement period not to surpass the age of 65 or retirement age of the borrower, whichever is prior. Reimbursement through compensation finding/post datedcheques. Net salary (net of EMI ) Min. half of the gross salary of the candidate/life partner, on account of non-working ladies. Security For Loan over Rs.50,000/ - fluid securities [NSC/KVP/Insurance Policies-surrender value] for the sum surpassing Rs.50,000/ - . Disbursement By DD/Pay Order supporting the dealer ( with the name of the Bank and Account Number). Stamped Receipt/Invoice for the aggregate cost of adornments (i.e Loan Amount in addition to Margin ) to be gotten. Proforma receipt required for a credit measure of Rs. 1 lac and over. Handling Charge One time @ 2% of credit sum Min. Rs.500/ - and Max. Rs.2,000/ - Other Charges Stamp charges for records at actuals. Credit Agreement duplicate charges: As appropriate |