Gold Loan
With attractive schemes, easy repayment options and lowest interest rates, HBF Nidhi Ltd offers a hassle-free experience to avail gold loans.
Gold loans may be availed for any amount between Rs. 1,000 to a maximum of Rs. 7.5 Lakhs. Loans are available for periods of three months. Our Gold loans have no lock-in period and no prepayment penalties.
Interest Rate
Our base rate of interest is 12 percent. Depending upon the loan to value (LTV), additional interest (risk premium) ranging from 4-8 percent may be charged. No prepayment penalties. Simple interest charged on a reducing balance basis.
Key Features
- Loan amount: Rs. 1,000 to Rs. 7.5 Lakhs
- Tenure: 3 months (maximum 1 year)
- Gold accepted: 18 to 24 Karat range
- No prepayment penalties — repay anytime before maturity
- Gold fully insured and stored in secure vaults
- Approval within minutes of document submission
- Members only — minors are not eligible
Supporting Documents
- One identity proof: Aadhaar Card, PAN Card, Voter ID, Passport, or Driving License
- One address proof: Electricity Bill, Telephone Bill, Bank Statement, or Rent Agreement
- Application Form and Demand Promissory Note
Gold Loan Schemes
- High Loan-to-Value: Maximum loan per gram — slightly higher interest to account for extra risk
- Low Interest Rate: Lower interest rates with comparatively less LTV ratio
Loan Against Deposit Receipt
Loan will be permitted on deposits for the remaining period of the deposit or one year, whichever is less — up to 90% of the deposit amount at 2% p.a. above the deposit interest rate.
| Loan / OD Against Deposits | |
|---|---|
| Eligibility | Term Deposit / Recurring Deposit Holder |
| Amount of Loan | 90% of accrued value of deposit |
| Margin | 10% on accrued value of deposit |
| Repayment | Flexible — maximum up to date of maturity of deposit |
| Interest Rate | 2% over the contracted rate of the Term Deposit / RD pledged |
| Security | Pledge of Term Deposit / Recurring Deposit Receipt |
Loan Against Insurance Policy
A loan against an insurance policy allows policyholders to leverage the cash value of their life insurance for borrowing purposes. The policy's cash surrender value serves as collateral.
- Cash Value: Permanent life insurance policies accumulate a cash value component that can be accessed during the policyholder's lifetime.
- Loan Process: Request a loan using the cash value as collateral — typically capped at a percentage of the cash surrender value.
- Low Interest Rates: Interest rates are relatively low compared to unsecured loans, since the policy's cash value serves as security.
- Flexible Repayment: Repay via regular interest + principal payments, or by reducing the death benefit.
- Advantages: Quick access to cash without fully surrendering your policy, easier to qualify than traditional loans.
Loan Against Govt. Bond
A loan against a government bond allows investors to utilize the value of their bond holdings as collateral for borrowing funds.
- Collateral: Government bonds serve as collateral — valued based on face value, coupon rate, and prevailing market rates.
- Loan Amount: Determined as a percentage of the bond's current market value.
- Competitive Rates: Lower than unsecured loans because bonds are secure assets.
- Micro Lending: Three months lending option available.
- Maintain Investment Growth: Continue earning bond interest while using it as loan security.
- Easy Process: Minimal documentation, quick approval after requirements are fulfilled.