GOLD LOAN
GOLD LOAN
Let the gold add glitter to your life. Unlock the value of your gold while you continue to own it. Suvarna Laxmi Nidhi Limited. designed to provide liquidity against gold and gold ornaments (Jewellery) without having to sell them. We offer a solution for your urgent cash crisis by way of speedy gold loan processing in different schemes. The loan is available the moment you step into our branch. Convenient part payment options, affordable interest rate and an opportunity to liquidate your gold loan at any time during the office hours. Let your gold help you bring the golden period in life.
Features
- Simple documentation
- Availed for any amount between Rs.1,000 to a maximum of Rs.10 Lakhs.
- Hassle-free quick processing of loans
- Minimum documentation and quick disbursal
- Easy Payment options.
- No EMI, Service only Interest and enjoy the Loan facility
- Interest is calculating on daily basis, Highest return
- Maximum loans to your gold, No documentation charge
- No processing charge, No appraisal charge
- Full insurance coverage for pledged gold
TERMS & CONDITIONS
- The rate of interest will be @ 0.70% per month.
- The valuation of the gold ornaments will be done by Suvarna Laxmi Nidhi Limited through authorized value, and the cost of valuation will be borne by borrower.
- Two coloured photographs of gold ornaments are required.
- Two coloured photographs of borrower and his/her ID proof are required.
- The loan interest will be paid on monthly basis.
- In case of non-payment of interest for 12 months, the Gold ornaments will be sold by Suvarna Laxmi Nidhi Limited.
- The expenditure on sale of Gold ornaments plus due loan amount and 5% penalty rest on due amount interest will be deducted and balance amount will be deposited in to loan account.
- The borrower has to provide an affidavit declaring the ownership of the ornaments.
- In case the borrower does not pay the interest a penalty of 5% has to be paid along with next interest installment.
ELIGIBILITY
- 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 branch.
- 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.
*Terms & Conditions Apply