Assessment of Loan Amount
Loan amount requested by Applicant/assessed amount on declaration;
75% of the appraised value of Gold Ornaments of 22 carat fineness
Amount eligible based on the per gram rate fixed by the bank for 22 carat fineness.
Loan amount assessed based on Credit requirements like Agriculture, Allied activities, MSME, other Priority Sector, Retail, Non-Priority Sector, as the case may be.
WHICHEVER IS LOWER
Specially minted gold coins sold by any Bank (24 carat fineness- up to 50 gram per customer) shall be treated as gold ornaments for loan assessment purpose.