GOLD LOAN DETAILS
Loan against pledge of gold jewelers for meeting the requirements of public at a Loan to value ratio of 75 %( Vide circular No: DNBS.CC.PD.NO.365/03.10.01/2013-14 DT 08/01/14) we are granting loans against pledge of gold jewelers at reasonable rate of interest.
PNY Sabha Finance Ltd provide feasible financial solutions and wise investment decisions to channelize the best value for your Gold, along with the simplest of paperwork, so that you may fulfill your dreams within a matter of minutes.
We provide Gold Loans secured against Gold ornaments. Our dedicated customer service and the best value for our customers is the major thing to be mentioned.
- Hassle free documentation
- Repayment options at all our branches.
- All branches are under CCTV surveillance.
- No other charges like insurance, service charge etc.
- Appraiser charge of Rs5 per packet only.
- Minimum Interest of 5 days will be charged for loan amount greater than or equal to Rs 25000/-
- Minimum interest of Rs 20/- will be charged on gold loan below Rs 25000/-
INTEREST RATE FIXATION POLICY
While fixing the interest rate of loan, the direct cost incurred by the company on the borrowed funds as well as other factors such as Employee cost, operational expenses , a fair return for the capital employed, etc.,will be taken into consideration.
Interest rate for the gold loans varies according to the schemes. At present company offers gold loan schemes with annualized interest rate of 12% to 19% depending upon the rate of advance per gram of gold.
An increase of 2% to 3% in the interest rate will be charged depending upon the opted scheme period completion.