Gold Loan

Gold Loan

Gold loan is the facility which helps you fulfil immediate cash requirement to take care of the day today activities . When life's uncertainties pull you along, and you have nowhere to go, you should turn to the right door to entrust your hard-earned valuables and secure the maximum loan against it.. we provide Gold Loans to our members who possess gold jewellery but could not access formal credit within a reasonable time, or to whom credit may not be available at all to meet unanticipated or other short-term liquidity requirements. We process loan against gold ornaments instantly and offer maximum value for your gold ornaments.

Safety of your Gold Ornaments

We guarantee you that your precious gold ornaments will be in our safe hands in our branch. Modern electronic surveillance technology and strict security measures are deployed to protect your precious gold ornaments. The pledged gold ornaments are insured for full value.

• Highest funding - *highest LTV with Lowest ROI
• Instant Loan with minimal documentation with fast credit to your bank account.
• Interest starting from as low as 12%
• Interest applicable only for availed days with no minimum period
• Customized and easy repayment schemes for your needs
• Guaranteed security of Gold Ornaments
• Customers will get insurance for the pledged Gold
• Maximum tenure is one year

Terms & Conditions:-

1. The rate of interest will be @ 1.5% to 2.5% per month.
2. Avail loan amount ranging from Rs. 1000 to Rs. 2, 00,000.
3. The valuation of the gold ornaments will be done by AMAY FINCARE NIDHI LIMITED Limitedthrough authorized value, and the cost of valuation will be borne by borrower.
4. Two colored photographs of gold ornaments are required.
5. Two colored photographs of borrower and his/her ID proof are required.
6. The loan interest will be paid on monthly basis.
7. In case of nonpayment of interest for 12 months, the Gold ornaments will be sold by AMAY FINCARE NIDHI LIMITED.
8. 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.
9. The borrower has to provide an affidavit declaring the ownership of the ornaments.
10. In case the borrower does not pay the interest a penalty of 5% has to be paid along with next interest installment.