Gold Loan

Gold Loan – Eligibility

Anyone who is the major member and owns gold ornaments can avail the loan. To obtain the loan, you need to submit your gold jewellery or Bullions (within the Karat range of 18 to 24 k) at Kdsb Nidhi Limited. 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.

Key Features

1. Attractive Interests Rates.
2. Hassle-free quick processing of loans
3. Minimum documentation and quick disbursal
4. Simplified Paperwork.
5. Easy Payment options.
6. ATL - Anytime Liquidity
7. No appraisal charges, No documentation charges, No safe storage charges, Loan closure permitted at any time, No hidden charges
8. Multiple Repayment Option

Terms & Conditions:-

1. The rate of interest will be decided by Kdsb Nidhi Limited
2. Avail loan amount ranging from Rs.1000 to Rs.2,00,000 Lakhs.
3. The valuation of the gold ornaments will be done by Kdsb Nidhi Limited through authorized value, and the cost of valuation will be borne by borrower.
4. Two colour photographs of gold ornaments are required.
5. Two colour photographs of borrower and his/her ID proof are required.
6. The loan interest will be paid on monthly basis.
7. In case of non-payment of interest for 12 months, the Gold ornaments will be sold by Kdsb Nidhi Limited.
8. If borrower will be obtain Monthly EMI option, in case non-payment of 3 EMI after notice period Gold ornaments will be sold Kdsb Nidhi Limited.
9. 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.
10. The borrower has to provide an affidavit declaring the ownership of the ornaments.
11. In case the borrower does not pay the interest a penalty of 5% has to be paid along with next interest Premiums.