Gold Loan
With attractive schemes, easy repayment options and lowest
interest rates, RealGrowth Nidhi Ltd. one of the leading Nidhi
Companies in Haryana & Nearby area a hassle-free experience to avail
gold loan.
Gold Loan @Loan against Gold
Why go for Personal or Business loans when you have the power
of gold with you! Get a loan against your gold, in minutes!
Gold Loan - Get Loan Against Gold in India at RealGrowth
Nidhi Ltd. Gold loans with unmatchable features & benefits. Apply
online for gold loan with the best gold loan interest rate. Ayushman
kissan Nidhi Ltd. Gold loans may be availed for any amount
between Rs.1,000 to a maximum of Rs.2.00 Lakh. Loans are available
for periods ranging from one month to one year. Our Gold loans do
not have any lock- in-period and there are no prepayment penalties.
You can repay earlier than the scheduled as you desire. Anyone who
is the member and owns gold ornaments can avail the loan. (Note:
Minors are not eligible.) To obtain the loan, you need to submit your
gold jewellery (within the Karat range of 18 to 24 k) at your nearest
RealGrowth Nidhi Ltd. branches. The loan amount will be
sanctioned on the basis of gold valuation which involves verification
of its purity. The weight of stones etc. fixed on the ornaments will
be deducted for the intention of valuation.
Interest Rate
Our base rate of interest is 12 percent. However, depending upon how
high the loan to value (LTV) is, additional interest (amounting to
risk premium) ranging from 4-8 percent is charged over and above the
base rate. The interest and risk premium is applicable only for the
days the money was actually utilized. There are no prepayment
penalties. Simple interest is charged, which the borrower has to pay
at the specified periodicity or at the closure of loan, whichever is
earlier. The interest rate is fixed and calculated on a reducing
balance basis.
Gold loan products have a maximum tenure of one year. However,
depending upon how high the LTV is opted, members are required to
service the interest at specified periodicities. For example, in
schemes where LTV is high, interest would have to be serviced
monthly.
Supporting Documents
To abide by the KYC (Know Your Customer) Policy of RBI and approved KYC
norms of our Company, we insist to produce one document of identity proof
(Such as Ration Card with photo, Driving License, PAN Card, Voter ID card,
Passport, Aaadhar Card etc.) and one document of residential address proof
(Such as Telephone Bill, Electricity Bill, Water Bill, Bank account
/ Credit Card Statement, Municipal / Local/House Tax Bill / Receipt,
Authentic Rent Receipt / Lease Document, Letter from reputed
employer/ Public Authority).
Once you submit you’re Application Form, Demand Promissory Note and
supporting documents, we shall give approval within a matter of
minutes provided everything is in order. All loan approvals are at
the sole discretion of the Branch Head.
Schemes
Our gold loan schemes fall broadly into two categories:
a) High loan to value: These schemes offer the maximum amount of loan per Gram. At the same time in keeping with the extra risk, the interest cost to the borrower is higher.
b) Low interest rate: In this category, the interest rates are lower but the Loan to Value (LTV) is also comparatively less.
Our products are well tailored not only to the income group of the customer, but to relevant considerations like how much loan customers would like to avail against jewellery, and their comfort levels with respect to the interest rate and periodicity of repayment of interest and principal. Incidentally, gold loans can be availed at our branches for amounts as low as Rs.1000 and as high as Rs. 2 Lakh.
Guaranty and Security
We know that these gold ornaments are very precious and favorite to
you. So we guarantee you that it will be in our safe hands in strong
cash safes inside a strong room built as per the standards and
specifications applicable to commercial banks. The pledged gold
ornaments are also insured for full value. Moreover, security
personnel and modern electronic surveillance technology are deployed
to protect your beloved gold ornaments.
The most important things from the customer’s perspective are
transparency, security and choice of loan product to suit individual
requirements. Transparency would help the customer see for himself
what he gets in return for what he pays. There should be no hidden
costs and no nasty surprises.
Security is about how well the gold is physically secured, and also
about the internal systems and procedures at the company which ensure
that there is no scope for any malfunctions after the jewelers have
been pledged. The choice of loan products should cover the range from
high LTV (loan to value) to low LTV, with appropriate variations in
interest rates.