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.
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* |
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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* |
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Revised ROI |
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Loan Facility/ |
Base (Repo Rate) |
Margin |
ROI |
Product |
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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. |
*Appraisal commission to be borne by the customer
Note: For existing customer of the bank, KYC documents and photographs not required
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