Nithyashree co-op offers Gold Loans at affordable interest rates.

Limits of Loans:

-Maximum Rs. 3.00 lacs for TL depending on the repaying capacity and existing societying relations.

Income Linkage:

-Income proof is required but linkage to amount of advance shall not be insisted on

Basis of Advance/ Eligibility:

-65%-70% of valuation. Valuation should be done by societys approved valuer.

Repayment Period:

-Maximum repayment period is 12 months in case of Bullet repayment if loan amount is less than Rs. 1.00 lacs.

In other cases (EMI), maximum period 30 months.

Processing Fees:

• Upto Rs.5.00 Laks- Max 1000/- + Service Tax.
• Including the valuation charges.
• Rate of Interest is 18.5%.

Shareholding:

-Regular Membership/Nominal Membership upto Rs. 5.00 lacs.

Documentation:

-6 months society statement required/salary certificate.

Nature of account:

Existing society relation are not necessary . However customer is required to open and operate Savings/Current Account.

Disbursement of Loan:

-Loan shall be disbursed on the same day of Valuation.

Please contact us for more details 9008436222

Nithyashree society Gold Loan Features and Benefits

• Unique triple layered security for your gold.
• spot sanction and disbursal.
• Easy in documentation.
• Lowest monthly outflow.