Rules & Regulation For Any account 25% Deduction If Withdraw Before Tenure Except Fixed Deposit.* Mid payment After 6 Months Will Be Treated As Loan.
Gold loan is a secured loan in which a member pledges his/her gold ornaments as collateral with JARUKH FAMILY NIDHI LIMITED . The JARUKH FAMILY NIDHI LIMITED , in turn, gives a loan amount as per the market value of gold to the member. It is a very quick and easy way of fulfilling member;s financial needs as compared to the other loans.
The market value of your gold is calculated according to the per gram market rate of gold on the day of the loan application. If pledging gold ornaments or jewellery/Goldbar,Coin , only the parts that are gold are used to calculate the value; other metals, stones and gems are excluded from the calculations.
The minimum tenor is 3 months, while the maximum is 11 months.
You can avail a maximum loan of up to 75% of the market value of your gold depending on the quality of the gold.