1. Purpose: A general-purpose non-speculative loan scheme for individuals, against collateral security of gold ornaments & specially minted gold coins sold by Banks (for coins maximum 50 grams per customer).
  2. Age eligibility: Minimum – 18 Yrs. and Maximum - 70 Yrs.
  3. Number of Gold Loans per Customer: At the time of sanction of Gold Loan to the existing borrowers, there should not be more than three Gold Loans including the proposed one in our Bank.
  4. Loan Amount: Minimum-Rs. 20,000/- to Maximum-Rs. 20.00 lacs*
  5. Rate of Interest: 9% per annum
  6.   Variants:
    1.   RGB Personal Liquid Gold Loan Scheme (Overdraft)
      1.   Facility: Overdraft
      2.   Margin: 25%
      3.   Repayment Period: Maximum of 36 months
    2.   RGB Gold Loan - Bullets Repayment
      1.   Loan Amount:Maximum loan amount will be Rs 2.00 Lacs
      2.   Facility: Demand Loan
      3.   Margin: 35%
      4.   Repayment Period: Maximum of 12 months
    3.   RGB PERSONAL GOLD LOAN (DEMAND LOAN- EMI BASED)
      1.   Facility: Demand Loan
      2.   Margin: 25%
      3.   Repayment Period: Maximum of 36 months