Gold Loans

  • Loans are given against pledge of gold;
  • Range of products with a wide choice of interest rate, Loan to Value (LTV) loan tenor, interest payment frequency;
  • Branches set up in remote rural regions, where Gold Loans penetration is almost negligible;
  • Superior infrastructure with Security Alarm Systems, CC Cameras and Control Centre at HO having digital key for the Vaults in Branches;
  • Excellent customer experience with quick service
  • No restrictions on Pledge release and partial release of Gold is possible;
  • Over Rs.6Cr portfolio built at Branch level in a short span of six months;
  • Checks and controls built at the Branch level with Sales Team not involved in Gold Appraisal;
  • Internal Auditor visiting Branches twice a week;
  • Interest rate ranges from 1% pm to 2%.
  • Loan tenor ranging from 3 months to 12 months
  • LTV Ranging from 60% t 75%
  • Loan Size starting with Rs.1K to 1Cr

MSME Loans

  • Targeting Low income and middle-income households;
  • Target segment includes daily wage laborers, skilled labour, factory workers, private employees, small business owners, small and marginal farmers, tenant farmers and Class IV Government Employees
  • Unsecured Individual loans up to Rs.2L
  • Loan Size ranges from Rs.50K to Rs.2L
  • Loan tenor – 1 to 2 years
  • No drudgery of dealing with the Group and attending centre meetings;
  • Loan is sanctioned on the basis of cashflows and Loan repayment track record
  • 25% rejection rate eliminating Borrowers, who have no repayment capacity
  • Centralized Credit decisioning
  • Bureau check is done for all earning members in the household
  • Focus on rural areas, where NBFC penetration is low;
  • Quick turn around time

Loan Against Property

  • Loan Size ranges from Rs.2.5L to 25L
  • Loans are Secured by hard collateral – residential or commercial property
  • Loan Tenor ranges from 2 years to 6 years
  • Loan is disbursed in less than a week’s time

JLG Loans

  • Branches in Tribal areas of West Godavari District with no MFI presence;
  • Loans to women of low-income households
  • Own House is mandatory
  • Minimum two earning members in the family
  • Collateral is replaced with Group guarantee
  • Loan Size – Rs.10K to Rs.50K
  • Co-Borrower is mandatory