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Pledge Loan

  • The period of repayment of such loan will be ninety days from the date of issue and may be extended for further period of ninety days totaling 180 days in all from, the date of first issue.
  • The Bank will issue loans on re-hypothecation of such goods not exceeding 60% of the market value of the goods or at such rates fixed by the Bank from time to time.
  • The sale proceeds of such goods pledged after marketed shall be credited first towards the pledge loans issued and violation of any of the conditions will disqualify such societies for fresh pledge loans by the Bank in future.