CHEMM FINANCE LTD
NBFC REGISTRED WITH RESERVE BANK OF INDIA(NO. B -02.00035)
PRODUCTS
GOLD LOANS |
Security |
22 ct gold ornaments |
Rate per gram |
75% of previous 30 days average India Bullion and Jewellers Association Ltd. |
Period of loan |
Maximum 12 Months |
Rate of interest |
Guided by the market conditions and various rules and regulations, if any, prescribed by the Reserve Bank of India or such other competent authority from time to time.
|
Gold Appraisal Procedure: Acid & stone method, spectrometer, specific density method.
SECURED NON CONVERTIBLE DEBENTURES |
Minimum Period |
36 Months |
Minimum Amount |
Rs. 300,000 |
Maximum Amount |
Limit not fixed |
Loan against Debenture |
Not available |
Secured by charge on Assets of the Company |
Current Rate of Interest |
Period |
Interest Monthly |
|
13 Months |
9% |
|
3 years |
10.00% |
|
5 Years only |
10.25% |
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