NO CIBIL REQUIRED

1. Rate of interest: 1.6% calculated on reducing balance method
2. Loan to value (LTV) Ratio : 90 %
3. Your gold's maximum value will be provided upto 90 % at SBNL. The authenticity of the gold is calculated by gold loan valuator authorised by the goverment.
4. Gold valuation charges : 500rs. ( to be paid to the valuator)
5. Membership fee : 100rs only one time for new members ( 0rs. for already existing member of SBNL)
6. Penalty on EMI bounce :  5%
7. Market fluctuation gap is not to be filled up by the customer and that risk will be beared up by the company itself .
8. Tenure : 1 month - 12 months . You can re-apply your loan for 'N' no. of times.
9. LOAN AMOUNT  TRANSFER MODE: Loan amount will be directly transferred to your bank account /savings account at nidhi, within 1 minute once the loan agreement form is signed successfully by you.
10. LOAN EMI Repayment mode:
    a) Auto debit from Nidhi's Savings account ( 0 Rs.mandate registration + 0rs. on every auto debit )
    b) NACH ( from other bank ) charges per mandate registration (50 rs.) + every month auto debit from other bank (20rs. Auto debit charge per EMI )

Apply Now