Gold Loans (Keertana)
Gold Loans are given against the mortgage of Jewellery. Indian housewives hold 11% of the world's gold. That is more than the reserves of the USA, the IMF, Switzerland, and Germany put together.
It’s an asset which can easily be liquidated at the time of crisis. Though people have this asset, but at the time of need they do not know where to go and liquidate the same at reasonable rates, hence we help the rural population to use this exclusive loan product.
Our loan size range is from Rs.10, 000 to Rs.10, 00,000 with tenure of 1-12 months. The interest rate on this product varies between 16% - 24%.
Loans are given for Agriculture, Business and short term liquidity needs. This loan is currently offered in the states of Andhra Pradesh and Telangana.