Loan against pledge of gold jewelers for meeting the urgent and immediate 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) that too at a reasonable rate of interest. PNY Sabha Finance Ltd provide easy and swift solutions to channelize the best value for your precious Gold ornaments.Easy and simple paper works to help your needs..
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.
For different Gold Loan Schemes interest rate is different.. At present company offers gold loan schemes with annualized interest rate of 15% to 30% depending upon the scheme preferred.
| SCHEME | LOAN AMOUNT | RATE OF INTEREST | INTEREST PAYABLE PERIOD | PERIOD OF LOAN | RATE OF INTEREST, IF NOT PAID INTEREST |
|---|---|---|---|---|---|
| PNY GL MAX | 80% LTV | 20% | 60 Days | 60 Days | 01-30-20% 01-60-23% Above 60 days 25% (from loan date) |
| PNY GL SUREKSHA | 75% LTV Maximum amount Rs.250000/- | 18% | 180 Days | 180 Days | 01-90: 18% 01-180: 22% Above 180 days: 25% (from loan date) |
| PNY(S) SCHEME | 75% LTV Maximum amount Rs.250000/- | 16% | 180 days | 180 days | 01-90-16% 61-120: 18% 121-180: 21% Above 180 days: 24% (from loan date) |
Up to 10000/- is Rs.30/-
Above 10000/- to 1 lakh is Rs.50/-
1 lakh to 2.5 Lakh is Rs.75/-
Above 2.5 Lakh is Rs.100/-
Registered Notice Expense Of Rs.35/-
Ordinary Notice Expense Of Rs.10/-
Paper Publication Expense Of Rs.500 Or Asper The Publication Expense
Applicable GST will be charged on auction amount