Gold Loan

Let the gold add glitter to your life. Unlock the value of your gold while you continue to own it. KTMC NIDHI LIMITED. designed to provide liquidity against gold without having to sell it. Let your gold help you bring the golden period in life.

Features & Benefits:-

  • Hassle-free quick processing of loans
  • Minimum documentation and quick disbursal
  • Simplified paper work
  • Easy payment options
  • ATL-Any Time Liquidity
  • No EMI, service only interest and enjoy the loan facility.

Terms & Conditions:-

  • The rate of interest will be @14 to 18% per month on reducing balance.
  • Avail loan amount ranging from Rs.10,000 to Rs. 5,00,000
  • The valuation of the gold ornaments will be done by KTMC Nidhi Ltd. through authorized valuer, and the cost of valuation will be borne by borrower.
  • The loan interest and principal will be paid on monthly basis.
  • In case of non payment of Interest for 12 months, the gold ornaments will be sold by KTMC Nidhi after intimation to the borrower.
  • 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 into loan account.
  • The borrower has to provide an affidavit declaring the ownership of the ornaments.

Gold Loan –Eligibility

Any one who is the member and owns Gold 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 24k) at KTMC NIDHI LIMITED. The loan amount will be sanctioned on the basis of gold valuation which involves verification of its purity. The weight of impurities etc fixed on the ornaments will be deducted for the purpose of valuation.

Gold Loan – Documents

To abide by the kyc (know your customer) policy of RBI and approved kyc norms of our company, we insist to produce one document of identity proof (such as Ration Card with photo, Driving License, PAN card, Voter ID card, Passport, Aadhaar Card etc) and one document of residential Address proof (such as Telephone Bill, Electricity Bill, Water Bill, bank Account / Credit card statement, Municipal / Local/ House Tax Bill/ Receipt, Authentic Rent Receipt/ lease Document letter from reputed employees/ public Authority). There are no end-use restrictions in Gold Loans.

Interest Rate 14 to 18%
Tenure 12 months
Loan Amount INR 10,000 upto 5,00,000
Features Maximum loan upto 60% of security
No appraisal charges!
No Documentation charges!
No safe storage charges!
No hidden charges.
Loan closure permitted at any time!
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