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Gold Loan

Let the gold add glitter to your life. Unlock the value of your gold while you continue to own it.

Gold Image

Feature & Benefits

Gramin Finance Private 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. :
  • Availed for any amount between Rs.1,000 to a max of Rs. 2 Lakhs.
  • Hassle-free quick processing of loans.
  • Minimum documentation and quick disbursal
  • Simplified Paperwork.
  • No EMI, Service only Interest and enjoy the Loan facility

Gold Loan Eligibility :

Anyone who is the member and owns gold ornaments 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 24 k) at your nearest MSMBINL branches. 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.



Loan Table

Loan
3 Month		 Loan
6 Month		 Loan
9 Month		 Loan
12 Month
Sr.N. Loan Amount Daily Total Daily Total Daily Total Daily Total
1 5000 59 5310 32 5760 25 6750 20 7300
2 10000 118 10620 62 11160 46 12420 36 13140
3 800 9600 10204 19200 21669 28800 34677 48000 66117
4 20000 234 21060 124 22320 88 23760 69 25185
5 25000 292 26280 155 27900 110 29700 85 31025
6 30000 351 31590 185 33300 131 35370 102 37230
7 40000 467 42030 246 44280 173 46710 135 49275
8 50000 584 52560 307 55260 216 58320 168 61320
9 75000 876 78840 461 82980 322 86940 250 91250
10 100000 1168 105120 612 110160 428 115560 332 121180

Terms And Conditons

  1. The rate of interest will be @ 14% to 18% per year.
  2. Avail loan amount ranging from Rs. 1000 to 2 Lakhs.
  3. The valuation of the gold ornaments will be done by Gramin Finance Private Limited through authorized value, and the cost of valuation will be borne by borrower.
  4. Two colored photographs of gold ornaments are required.
  5. The loan interest will be paid on monthly basis.
  6. In case of nonpayment of interest for 12 months, the Gold ornaments will be sold by Gramin Finance Private Limited.
  7. 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.
  8. The borrower has to provide an affidavit declaring the ownership of the ornaments.
  9. In case the borrower does not pay the interest a penalty of 5% has to be paid along with next interest installment.

Our Schemes