CREDITO India Nidhi Limited designed to provide liquidity against Gold and Gold jewelers without having to sell them. Let your gold help you bring the golden period in life.
- Product
- Gold Loan
Gold Loan
Features and Benefits
- Availed for Gold Loan amount between Rs. 1,000 to a maximum of Rs. 2,00,000
- Hassle-free quick processing of Loans
- Minimum documentation and quick disbursal
- Simplified Paperwork
- Easy Payment Options
- ATL Facility – Any Time Liquidity
- Minors are not eligible
Gold Loan Schemes Details
Note:- Gold Value 60% (Hall Mark 60%) CT Gold 60%
| SCHEME NAME | PERIOD IN DAYS | INT. RATE (%) |
|---|---|---|
| GL 22 | 0-30 Days | 18.00 |
| GL 22 | 30-60 Days | 18.50 |
| GL 22 | 60-90 Days | 19.00 |
| GL 22 | 90-150 Days | 20.00 |
Key Features
- Gold Security: Pledge of 22/916 Karat gold ornaments
- Per gram rate of advance: Rs: 1000/- Maximum permissible.
- Rate of interest: 18% for the first 30 days, if interest not paid within 30 days then the interest rate will be revised 20% after every 30 days and compounding thereafter
- Repayment mode: Any time Cash/Cheque.
- Period of loan: 6 months.
- Topup Facility Available.
General Condition
- New Customer – 100/- for membership
- Documentation charges – Minimum Rs. 500/- and 2% of loan amount whichever is higher.
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Customer intimation charges
- Normal postage – Rs. 30/- per letter
- Register postage – Rs. 80/- per letter
- Duplicate loan receipt Rs. 500/-
- No interest partial payment and advance interest payment available
- Nomination facility is compulsory
-
Customer Intimation
- Renewal intimation – 5 months (Normal Postal)
- Interest payment reminder – 3 months (90 days) from the loan availed date or last interest paid rate. (Normal Postal)
- Auction intimation – 9 months (270 Days) from the loan availed date or last interest paid to date (Registered Postal)
- Final Auction intimation – 11months (330 Days) from the loan availed date or last interest paid to date (Registered Postal)