DBS Gold Loan

DBS Gold Loan - Agri

Overview

DBS, Asia’s Safest Bank, is redefining Gold Loans. Created especially for our customers, DBS Gold Loans offer an easy and hassle-free option to farmers for funding farming and allied activities. These loans are available at all branches and enable farmers to unlock the value of their gold ornaments and avail of higher rates to fulfill their credit needs. DBS Gold loans come with instant disbursal in 30 mins*, low interest rates & 50% waiver in processing fees** (**limited period offer)

All this and more make DBS Gold Loans the Gold Standard of Gold Loans.

Salient Features

Option to avail Personal Accident Cover for less than Rs.1 per day* The DBS Gold Loan comes with an optional accompanying insurance cover that protects your gold for less than Rs.1 per day*
Sum insured/ Tenure	₹ 5,00,000	₹ 10,00,000	₹ 15,00,000	₹ 20,00,000	₹ 25,00,000
Premium to be paid for 1 Year	₹ 202	₹ 404	₹ 604	₹ 805	₹ 1,007
Gold loan customer can avail personal accident insurance cover under policy* Max Sum Insured covered would be up to 25 lakhs Age 18 to 65 years Policy tenure can be till loan period, up to maximum 5 years* *Insurance cover is arranged by DBS Bank Limited through Go Digit General Insurance Limited under Digit Group Total Protect Policy (UIN: GODPAGP21491V022021). For more details, please read policy terms and conditions carefully before enrolment.

Attractive interest rates
50% waiver in processing fees* (*Limited period offer)
Attractive per gram rate
Instant loan disbursal in 30 mins* (*T&C Apply)
Upholding your age old trust: You can expect the same trust and warmth that has brought you smiles in the past

Eligibility

Individual agriculturists engaged in farming and allied activities are eligile to avail these loans
Loan offered against pledge of gold ornaments owned by the farmer

Loan Value Offered

Up to 75% of the value of 22 ct. gold ornaments

Rate per Gram

Rs.4341 w.e.f. 25^th Sep 2023

Loan Quantum

Minimum - Rs.25001
Maximum - Rs.20 lakhs

Rate of Interest

	Revised ROI
Loan Facility/	Base (Repo Rate)	Margin	ROI
Product	Base (Repo Rate)	Margin	ROI
Agri	6.50%	5.50%	12.00%
Non Agri	6.50%	6.75%	13.25%

For consolidated schedule of charges on Gold Loan, please refer this below table.

Gold Loan Product	Existing Applicable charges
Loan Facility/ Product	Gold Loan Agri	Gold Loan Non-Agri
Rate of Interest	12.00%	13.25%
Processing Fees to Bank (GST of 18% to be collected in addition)	0.20% of the facility amount subject to a max. of Rs.1000/- per limit.	0.40% of the facility amount without any cap.
1st Appraiser Commission	0.20% of the limit subject to a max. of Rs.1000/- per limit.	0.20% of the limit subject to a max. of Rs.2000/- per limit.
2nd Appraiser Commission (applicable only when customer exposure exceeds Rs.10 lakhs)	0.20% of the facility amount subject to a max. of Rs.400/- per limit.	0.20% of the facility amount subject to a max. of Rs.400/- per limit.
Stamp Duty Charges	Recovered from Customers as per actual stamp duty rates (state wise) communicated from time to time.
Penal Charges	Penal interest at the rate of 2% over the prescribed interest rate from time to time will be charged for irregularities like overdue, exceeding the LTV ratio, etc. in the Gold Loan accounts.

Processing Charges

Nil up to Rs.25,000
For loans of above Rs.25,000 : 0.20% of the facility amount subject to a max. of Rs.1000 per limit.

*Appraisal commission to be borne by the customer

Documents Required

a) ID proof
b) Address proof
c) Two recent passport size photographs
d) Documents evidencing possession of agricultural land such as chitta, patta, adangal, etc.

Note: For existing customer of the bank, KYC documents and photographs not required