-
The rate of interest will be @ 18% per year or as applicable from time to time as perscribed by the Com. Act 2013
-
Avail loan amount ranging from Rs. 1000 to Rs. 2, 00,000.
-
The valuation of the gold ornaments will be done by Chachyot Nidhi Limited through authorized value, and the cost of valuation will be borne by borrower.
-
Two colored photographs of gold ornaments are required.
-
Two colored photographs of borrower and his/her ID proof are required.
-
The loan interest will be paid on monthly basis.
-
In case of nonpayment of interest for 12 months, the Gold ornaments will be sold by MountSoft.
-
The expenditure on sale of Gold ornaments plus due loan amount and 6% penalty rest on due amount interest will be deducted and balance amount will be deposited in to loan account.
-
The borrower has to provide an affidavit declaring the ownership of the ornaments.
-
In case the borrower does not pay the interest a penalty of 6% has to be paid along with next interest installment.
