What makes Kovai Tech Nidhi Ltd different from other gold loan providers.

In addition to the transparency, security and range of its gold loan products (as mentioned above), Kovai Tech Nidhi Ltd distinguishes itself from other gold loan providers on the basis of the ease with which gold loans can be availed from our branches. The only requirement is that borrowers present themselves at our branches with the jewellery and with a valid ID and address proof. Our streamlined and centralized systems and well- sketched procedures, promise that gold loan can be availed in a matter of minutes. Also, we offer the highest Loan to value (LTV) to those interested in availing the maximum amount of loan against their jewellery. We are able to perform this because of our elongated experience in gold loan business and with the heartfelt effort of our well experienced and professionally qualified managerial team; we have acquired the capability to handle the extra risk involved.

What are the things that people should keep in mind while taking a gold loan?

The most important thing from the customer’s perspective is transparency, security and choice of loan product to suit individual requirements. Transparency would help the customer see for himself what he gets in return for what he pays. There should be no hidden costs and no nasty surprises. Security is about how well the gold is physically secured, and also about the internal systems and procedures at the company which ensure that there is no scope for any malfunction after the jewellery have been pledged. At Kovai Tech Nidhi Ltd you will find that all these aspects are well taken care of.

Jewel Loan AT Kovai Tech Nidhi Limited

Q: Whether partial payments of Jewel loan and interest are accepted?

Members are free to repay part amount of loan and/or accrued interest thereon at any time in order to reduce the interest burden on the loans. Interest is calculated on daily product basis on the amount of loan outstanding at the end of the day.

Q: How do I repay my gold loan?

You are aware that the tenure of the loan is 12 months. You can repay the Principal within 12 months in equitable installments or as you wish from as low as Rs.100/- . However, interest has to be serviced monthly, as per the terms of sanction. Principal and interest can be paid at Kovai Tech Nidhi Ltd . However, the pledged ornaments will be released/handed over only at the branch from where the loan was originally availed. Any amount can be repaid by way of Cash / Cheque / RTGS / NEFT.

Jewel loan is a secured loan wherein the borrower keeps their gold with a bank or a financial institution as security and avails capital against it.

Whether partial payments of Jewel loan and interest are accepted?

Members are free to repay part amount of loan and/or [...]

By admin|2022-09-30T09:04:46+00:00August 30, 2022|Jewel Loan|0 Comments

Is there any maximum and minimum limit for availing gold loan? What about the tenure of the loan, lock-in period, and prepayment penalties?

Kovai Tech Nidhi Ltd Gold loans may be availed for [...]

By admin|2022-09-30T09:07:06+00:00August 30, 2022|Jewel Loan|0 Comments

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