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% |
|
|
|
