● Interest rate will be quoted on an annualized basis only.
● Interest amount will be calculated on the daily outstanding balance in the loan account at the contracted rate.
● Interest will be calculated on the basis of 365 days a year.
● Compounding, if any, will be provided in specific loan schemes.
● All loans carry the fixed contracted rate till closure of account

● Since a higher LTV (loan per gram) translates to a higher risk interest rate and LTV will be correlated.
● Assuming all other factors to be the same a higher LTV loan will attract a correspondingly higher interest rate as compared with a lower LTV loan.
● The interest rate applicable will vary from time to time and will be mentioned against the specific operative schemes / loan products.

● When the loan remains outstanding beyond the ‘normal’ tenure overdue / penal interest will be charged at 3% pa (i.e. contracted rate plus 300 basis points) on the amount due and payable till the account is regularized / closed