+91 9384784012 albionnidhi@gmail.com

Gold Loan

ALBION INDIA NIDHI LIMITED Gold Loan

Walk in with Gold, Walk out with Money

With attractive schemes, easy repayment options and lowest interest rates, ALBION INDIA NIDHI LIMITED, one of the leading Nidhi Companies in Tamil nadu  offers a hassle-free experience to avail gold loan. Anyone who is the member OF ALBION INDIA NIDHI LIMITED and owns gold ornaments can apply for Gold loan.

ALBION INDIA NIDHI LIMITED Offering Gold Loan to its members with following attractive features:

  • Avail Gold loan upto 100% on Gold value
  • Avail Gold Loan for any amount between Rs. 1,000 to a maximum of Rs. 7.5 Lakhs.
  • Loans are available for periods ranging from one month to one year.
  • To obtain the loan, you need to submit your gold jewellery (within the Karat range of 18k to 24k) at your nearest ALBION INDIA NIDHI LIMITED. branch.

Interest

  • Our base rate of interest is 12 percent. However, depending upon how high the loan to value (LTV) is, additional interest (amounting to risk premium) ranging from 4-8 percent is charged over and above the base rate.
  • The interest rate is fixed and calculated on a reducing balance basis.

Schemes

Our Gold loan schemes fall broadly into two categories:

  • High loan to value: These schemes offer the maximum amount of loan per Gram. At the same time in keeping with the extra risk, the interest cost to the borrower is higher.
  • Low interest rate: In this category, the interest rates are lower but the Loan to Value (LTV) is also comparatively less.
Our products are well tailored not only to the income group of the member, but to relevant considerations like how much loan members would like to avail against jewellery, and their comfort levels with respect to the interest rate and periodicity of repayment of interest and principal.

Guaranty and Security

  • We guarantee you that it will be in our safe hands in strong cash safes inside a strong room built as per the standards and specifications applicable to commercial banks.
  • The pledged gold ornaments are also insured for full value.
  • Moreover, security personnel and modern electronic surveillance technology are deployed to protect your beloved gold ornaments.

Note

  • Both Principal and Interest amount must be paid every month in Easy Monthly Instalments.
  • The loan amount will be sanctioned on the basis of gold valuation which involves verification of its purity.