Non-Agri Jewel Loan – Tamil Nadu Grama Bank
Tamil Nadu Grama Bank is now offering the Non-Agri Jewel Loan to cater to the financial needs of individuals, traders, businessmen, and professionals. This loan is designed to support investments in the MSME sector, including manufacturing, services, and retail trade, as well as domestic and business requirements.
Loan Details:
- Quantum of Loan: Up to 70% of the market value of pledged gold ornaments
- Rate of Interest: Refer interest rate chart or visit the nearest branch
- Security: Pledge of gold ornaments
- Repayment Period:
• Up to ₹2,00,000: 12 months – Bullet repayment (principal with interest)
• Above ₹2,00,000: 12 months – Monthly interest to be serviced
- Processing Charges:
• Up to ₹25,000: NIL (for business purposes)
• Above ₹25,000: ₹200 per lakh or part thereof
How to Apply: Contact the nearest Tamil Nadu Grama Bank branch for further details.
Disclaimer: The information provided above is sourced from the official Tamil Nadu Grama Bank website as of the date of publication. The bank reserves the right to change the loan terms, interest rates, and other details without prior notice. Please contact the nearest branch for the most updated information.
