GML Loan:

» Loans for only domestic jewellery manufacturers not exporters of jewellery. Loan Borrowers cannot sell the gold to other party to manufacture jewellery

GML Loan Proposal Documents

» Tax Registration (GST).

» Retail Jewelery Business Registration/Trade Licence

» Shops and Establishment License.

» Rent agreement with last rent receipt OR Sale/ Lease Deed agreement.

» Certified business account statement, Income Tax and Sales Tax Assessment Orders, VAT turnover statement (or GST), or DERS copy and other related papers if any

» The property offered as a security will be inspected and related documents are verified.

» No due certificate from existing banker,

» CERSAI & Credit information reports (CIBIL report etc.) of the proprietor/partners will be examined.

» Proof of residence like voter card,/Telephone bill, Electricity Bills, Registered lease deed, Sale agreement etc. will be verified before entertaining borrower’s request for facility.

» In case, the applicant is operating his/her account with other banks, Current account original statement is verified. Property offered as security will be inspected and title records of security offered are investigated.

Bank GML loan

https://www.rbi.org.in/Scripts/BS_ViewMasCirculardetails.aspx?id=10084

Bank GML loan

» SBI Bank 7.50%0.50% of the loan amount, minimum Rs. 5003 months to 36 months

» Canara Bank 7.65%1% of the loan amount, Min Rs. 1,000 and Max Rs. 5,00012 months

» Federal Bank 8.50%Nil6 months to 12 months

» PNB 8.75%0.70% of loan amount + taxes1 month to 12 months

» HDFC Bank 9.90%1.50% of the loan amount3 months to 24 months