#1
10th February 2017, 10:08 AM
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Oriental Bank Of Commerce Gold Coin
I want to apply for lone against Gold Coin in Oriental Bank Of Commerce so can you provide me the details of the loan?
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#2
10th February 2017, 10:24 AM
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Re: Oriental Bank Of Commerce Gold Coin
Oriental Bank Of Commerce provide Oriental Loan Against Gold Ornaments Scheme Oriental Loan Against Gold Ornaments Scheme Purpose- All type of agriculture / allied activity, Business enterprises, Any other activity taken up by the applicant for self employment, Personal consumption needs, non speculative purpose. Eligibility - All individual / proprietors borrowers Type of facility- For non-agriculture purpose a) Demand Loan b) Overdraft For agriculture purpose a) Demand Loan b) Overdraft c) Term Loan Margin- For Non-Agricultural Purposes: 30% For Agricultural Purposes : a) For Demand Loan/ OD: 25% against value of gold ornaments offered as security as assessed / appraised by the approved valuer. b) For Term Loan: 50% Loan Limit- For non-agriculture purpose : Max- Rs. 50.00 Lacs per borrower For agriculture purpose : Max- Rs. 10.00 Lacs per borrower Assessment of Loan limit- 70% of rate of 22 Carat gold jewellery or 70% of value appraised by Appraiser, whichever is less. Security Pledge of gold ornament, which has purity between 24 carat to 22 carats only/ pledge of Gold coins specially minted & sold by the bank having per coin weight upto 20 gms. The aggregate weight of Gold coins shall be restricted upto 50 gms per customer Penal Interest a) Upto Rs. 0.25 lacs - NIL b) Above Rs. 0.25 lacs & Upto Rs. 2.00 Lacs - 1% b) Above Rs.2.00 lacs - 2% c) No prepayment penalty The penal interest shall be charged on overdue amount and for the period of irregularity. Repayment Demand loan is to be liquidated within a maximum period of 12 months. Overdraft facility shall be reviewed / renewed every year. Repayment period for gold loans sanctioned for Agriculture purpose should be linked to harvesting of crops. Contact- Corporate Office OBC Plot No. 5, Institutional Area Sector-32 Gurgaon – 122001 Telephone Nos.: PBX board/ receiption numbers : 0124-4126200 and 0124-4126300 Toll Free Customer Care No. : 1800-180-1235 Toll Customer Care No. : 0120-2580001 |
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