Gold Loan in Nidhi Company

Nidhi Companies are allowed to do Gold Loan among it’s members only. This has been specifically done by bank and Non-Banking Financial Companies (NBFC) in India.

Gold Loan is one of the main streams of business for Nidhi Companies. Gold loan by Nidhi Companies are very popular and are subject to certain rules and regulation as per Nidhi Rules, 2014. Here are the following conditions:

  • The maximum finance against the gold shall be up to 80%.

  • The maximum repayment period shall be 12 months.

  • The rate of interest shall not exceed 7.5% plus the maximum rate of interest on gold loan.

  • A Nidhi Company can advance maximum loan of 200,000 if deposits does not exceed Rs. 2 Crore.

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Hiring an Expert Professional: Hiring an expert professional is your important decision. Please, do proper research before hiring them. On Internet, you may find many eye-catching ad and fake website offering ‘Nidhi Company Incorporation & Compliance’ service at lower fee. If you do not find right expert nearby then simply click here to request a call back for free consultation with guaranteed services and 100 percent Ozg Assurance and many successful references across the country.

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