Loan
Let the gold add glitter to your life. Unlock the value of your gold while you continue to own it. SURYADARSHAN NIDHI LIMITED designed to provide liquidity against Gold / Silver and Gold Jewellery without having to sell them. Let your gold help you bring the golden period in life…
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 Driving License, PAN Card, Voter ID card, Passport, Aadhaar Card etc.) and one document of residential address proof (Such as Telephone Bill, Electricity Bill, Driving License, Voter ID card, Passport, Aadhaar Card, Bank Statement/Passbook, Letter from reputed employer/ Public Authority). There are no end-use restrictions in gold loans.
Features & Benefits
Hassle-free quick processing of loans
Minimum documentation and quick disbursal
Simplified Paperwork.
Easy Payment options.
EMI Schemes are available with minimum rate of interest
Gold Loan – Eligibility
Anyone who is the member and owns gold /silver ornaments can avail the loan. To obtain the loan, you need to submit your gold jewellery (within the Karat range of 18 to 24 k) at your nearest SURYADARSHAN NIDHI LIMITED branches. The loan amount will be sanctioned on the basis of gold valuation which involves verification of its purity. The weight of stones fixed on the ornaments will be deducted for the intention of valuation.
Mortgage Loan can be availed by members on the security of land and building.
The loan is assessed on the basis of repayment capacity of the member.
The Value of the property and the legal clearance are done by approved Valuer and the Advocate in the panel respectively. A mortgage loan, also referred to as a mortgage, is used either by purchasers of real property to raise funds to buy real estate; or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged. The loan is “secured” on the borrower’s property. This means that a legal mechanism is put in place which allows the lender to take possession and sell the secured property(“foreclosure” or “repossession“) to pay off the loan in the event that the borrower defaults on the loan or otherwise fails to abide by its terms.
Loan against LIC Policies (surrender value) National Savings Certificate, and other Government Securities, in which, lien in favour of nidhi company, can be accepted as security. loans against securities, LIC Bonds, Govt Bonds, Deposit certificates for the liquidity of your long term investments. You don’t need to lock your long term investment. Facility is renewable depending on the performance of the account. What makes it more attractive is that you pay interest only on the amount utilized. Getting a Loan Against Securities is easier with minimal documentation and speedy disbursals.
The eligible loan is 75% of the face value of the certificates.
Loan is repayable on monthly basis including interest.