Let the gold add glitter to your life. Unlock the value of your gold while you continue to own it. JAN UTKARSH NIDHI LIMITED designed to provide liquidity against gold and gold Jewelers without having to sell them. Let your gold help you bring the golden period in life...

Gold Loan: Make the most of your idle gold with JAN Utkarsh's attractive gold loans. Get a loan in 45 minutes over the counter with minimal documentation and transparent charges. One can choose higher amount for his/her ornaments or can choose lower interest schemes or may go for short term or long term scheme. The Minimum amount to avail is Rs5,000/ and maximum amount is up to Rs.2,00,000 Lakhs. We know that these gold ornaments are very precious to you. So we guarantee you that it will be in Our Safe Hands in strong lockers inside a strong room built as per standards and specifications applicable to commercial banks. Moreover, Security Personnel and modern electronic surveillance technology are deployed to protect your beloved gold ornaments. Rate of interest shall be ranging for 12 to 18%.

Features & Benefits:-

• Avail loan amount ranging from Rs.5,000 to a maximum of Rs.2,00,000 Lakhs
• Hassle-free quick processing of loans
• Minimum documentation and quick disbursal
• Simplified Paperwork.
• Easy and Monthly/quarterly interest payment options.
• Charging interest only for loan availed days.
• ATL - Anytime Liquidity
• No EMI, Service only Interest and enjoy the Loan facility
• We provide maximum amount of loan/gram in the industry. Currently loan to value (LTV) is up to 80%.
• Personalized service to all the customers
• No foreclosure payment charges.

Interest Rate:

Our base rate of interest is 12 percent. However, depending upon how high the loan to value (LTV) is, additional interest (amounting to risk premium) ranging from 4-8 percent is charged over and above the base rate. The interest and risk premium is applicable only for the days the money was actually utilised. There are no prepayment penalties. Simple interest is charged, which the borrower has to pay at the specified periodicity or at the closure of loan, whichever is earlier. The interest rate is fixed and calculated on a reducing balance basis.

Gold loan products have a maximum tenure of one year. However, depending upon how high the LTV is opted, members are required to service the interest at specified periodicities. For example, in schemes where LTV is high, interest would have to be serviced monthly.

Terms & Conditions:-

• The rate of interest will be @ 12% p.a
• Avail loan amount ranging from Rs.10000 to a maximum of Rs.2,00,000 Lakhs and above.
• The valuation of the gold ornaments will be done by JAN UTKARSH NIDHI LIMITED through authorized value, and the cost of valuation will be borne by borrower.
• Two colour photographs of gold ornaments are required.
• Two colour photographs of borrower and his/her ID proof are required.
• The loan interest will be paid on monthly basis.
• In case of non-payment of interest for 12 months, the Gold ornaments will be sold by JAN UTKARSH NIDHI LIMITED. The expenditure on sale of Gold ornaments plus due loan amount and 5% penalty rest on due amount interest will be deducted and balance amount will be deposited in to loan account.
• The borrower has to provide an affidavit declaring the ownership of the ornaments.
• In case the borrower does not pay the interest a penalty of 5% has to be paid along with next interest Premiums.

Gold Loan – Eligibility

Anyone who is the member and owns gold ornaments can avail the loan. (Note: Minors are not eligible.) To obtain the loan, you need to submit your gold jewellery (within the Karat range of 18 to 24 k) at your nearest JAN UTKARSH NIDHI LIMITED branches. The loan amount will be sanctioned on the basis of gold valuation which involves verification of its purity. The weight of stones etc. fixed on the ornaments will be deducted for the intention of valuation.

Gold Loan - Documents

To abide by the KYC (Know Your Customer) Policy of RBI and approved KYC norms of our Company, we insist to produce one document of identity proof (Such as Ration Card with photo, Driving License, PAN Card, Voter ID card, Passport, Aadhaar Card etc.) and one document of residential address proof (Such as Telephone Bill, Electricity Bill, Water Bill, Bank account / Credit Card Statement, Municipal / Local/House Tax Bill / Receipt, Authentic Rent Receipt / Lease Document, Letter from reputed employer/ Public Authority).There are no end-use restrictions in gold loans.