Loan against Gold

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Kalratri nidhi LTD Loan against Gold is a secured loan in which a customer pledges his/her gold ornaments as collateral with a gold loan company. The company, in turn, gives a loan amount as per the market value of gold to the customer. It is a very quick and easy way of fulfilling one’s financial needs as compared to the other loans.

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Eligibility Criteria
  • The applicant must be above 21 years of age at the time of applying for the loan. So anyone who is aged 21 years and above can easily avail the loan if he or she matches the other mandated criterion.
  • Anyone with a steady source of income can avail the loan which also includes bank employees and Pensioners.
 Documents & eligibility criteria
  • Application Form for Gold Loans which should be duly filled up by the applicant
  • Two copies of Photographs of the borrower
  • Proof of Identity of the borrower PAN Card or Aadhar Card Copy
  • Proof of Address of the Borrower
  Kalrati nidhi LTD Gold Laon Interest Rate
  • Minimum Loan Amount Rs. 20,000
  • Max. Loan Amount Rs. 20 Lakhs
  • Maximum Repayment Tenure 30 months (36 months for overdraft)
  • 10% Gold Loan Interest
 Key Benefits
  • Enjoy highly competitive interest rates ranging from 24% - 26% p.a.
  • 0 - 1% plus applicable GST
  • Maximum 24 months
  • Minimum amount is INR 15,000
  • Maximum amount is INR 50,000
 Terms & Conditions:-
  • The rate of interest will be @ 16% per year or as applicable from time to time as perscribed by the Com. Act 2013
  • Avail loan amount ranging from Rs. 1000 to Rs. 2, 00,000.
  • The valuation of the gold ornaments will be done by Believers Nidhi through authorized value, and the cost of valuation will be borne by borrower.
  • Two colored photographs of gold ornaments are required.
  • Two colored photographs of borrower and his/her ID proof are required.
  • The loan interest will be paid on monthly basis.
  • In case of nonpayment of interest for 12 months, the Gold ornaments will be sold by Mount Soft.
  • 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.

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