Loans

JEWEL LOAN

Jewel Loan can be availed by members to meet their requirements from Rs.5000/- upto maximum of Rs.15 lakhs or prescribed by the Nidhi from time to time.

• In order to avail Jewel Loan , Individuals should become a Member, by buying shares to an extent of Rs.10/-
• Advance value per gram will be prescribed by the Nidhi from time to time. Present value is Rs.3300/- per gram.
• The Maximum period for the Jewel Loan is One year. Can be renewed after One year by remitting interest dues, if any, at the prescribed rate of interest.
• Members can avail Jewel Loan above Rs.2 lakhs by Cheque or instant transfer to their Bank Accounts by NEFT / RTGS.
• The Loan will be given for the Net Weight only after deduction for purity, stones, etc.
• Interest to be paid on or before last working day of the month to avoid additional Interest.
• Repayment above Rs.2,00,000/- per account/per day will be accepted by Cheque or NEFT.

JEWEL LOANS -Rate 3300/gram (01-04-2021)
Maximum Period : 1 year
Fresh Loans	11.0%
Renewal & Further Loans	12.0%