The Gold loan that smiles back

Gold Loan

PURVANCHAL MUTUAL BENEFIT NIDHI INDIA 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.

Features and Benefits:

  • Availed for Gold Loan amount between Rs. 3,000 to a maximum of Rs. 5,00,000
  • 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 Loans Scheme List

Scheme 1 (GL 15)
Gold Value 70% to 75% (Hall Mark 75%) CT Gold 70%

Period Rate of Interest
0 - 30 Days 15.5%
30 - 60 Days 18.5%
91 - 180 Days 21.5%
181 and above Days 24.5%

Scheme 2 (GL 18)
Gold Value 80% (Hall Mark 80%) CT Gold 75%

Period Rate of Interest
0 - 30 Days 18%
31 - 60 Days 20%
91 - 180 Days 22%
181 and above Days 24%

Scheme 3 (GL 15 LOW)
Hallmark Gold 69% CT Gold 65%

Period Rate of Interest
0 - 30 Days 15%
31 - 60 Days 18%
61 - 90 Days 20%
91 - 180 Days 22%
181 - 270 Days 24%
271 - 365 Days 26%

Conditions:

EMI will provide following conditions:

  • Interest rate - 12%
  • Period - Min 18 months
  • EMI Late Payment Penalty - 0 to 3 days grace period from EMI date
  • After 3 days - Rs. 2 for every Rs. 1000 per day from day one of EMI Date
  • Pre Closure - Outstanding principal plus 22% (Yearly) of outstanding principal per day after the day counted from last EMI date
  • Pre closure penalty of 150 / Lac of outstanding principle.

Other Conditions:

  • Appraisal Charges and processing Fees will be charged up front on loan availing date - Dynamic field requested.
  • First EMI will be paid through cheque and it should be furnished during the loan availing date.
  • Minimum Loan amount should be Rs. 25,000/-

General Conditions:

  • New Customer - 10/- for membership
  • Documentation charges - Minimum Rs. 10/- and 0.01 of loan amount maximum - Rs. 50/-
  • Customer intimation charges
    Normal postage - Rs. 10/- 10 per letter
    Register postage - Rs. 50/- per letter
  • Duplicate loan receipt Rs. 100/-
  • No interest partial payment and advance interest payment available
  • Nomination facility is compulsory