Micro Finance Software Company Providing All Gold Loans and A gold loan is a loan which is secured against gold ornaments. A borrower pledges their gold ornaments with the lender in exchange for funds. Therefore, it is a loan which is granted against a certain physical security of gold. Gold loans have successfully enabled thousands of people to mobilize their personal assets, which would've otherwise simply been kept away in a locker.
Consists of Surety Loan (Unsecured), Crop Loan, Vehicle Loan, Gold Loan, Loan Against
Deposit (like, FD, RICC / CC) Loan Ledgers & various types of reports.
ELIGIBILITY
Individuals, Proprietorship, Partnership firms, Agriculturists Directors/Employees of the Corporate etc.
QUANTUM OF FINANCE
Can be parameterized as per the scheme (like 70% to 90% of the Market Value of Gold ornaments pledged)
REPAYMENT
Can be parameterized as per the scheme guidelines (Single payment [bullet payment] or in EMIs)
Rate of Interest:
Can be parameterized
SERVICE CHARGES
Can be parameterized as applicable
DOCUMENTS REQUIRED
Identity Proof & Address Proof for KYC purpose
What is Gold Loan?
As the name recommends this is the credit given against gold. Many nationalized banks, private banks and other monetary organizations offer this credit at appealing rates.
Many go for this advance for brief period to meet the necessity of their kids' training, marriage and other monetary issues in the family.
What's more, others surmise that as opposed to keeping the gold sit out of gear at home or locker, advance against gold is the best alternative.
In addition with the ascent in gold rates the request from organizations and banks offering such credits has raised.
Points of interest of Gold Loan
- Gold advance doesn't request any declaration to demonstrate your compensation or salary and even no Visa history is required. Hence even unemployed and non working individuals can go for gold credit.
- Dissimilar to some other unsecured advance, gold advance doesn't require many papers, just few reports, for example, ID verification and deliver confirmation is sufficient to benefit for such credit.
- One of the primary favorable circumstances of gold credit is its low loan fees. Generally advance over gold is given at the enthusiasm of 12-16% for each annum and this is very low contrasted with individual credits accessible at loan fees of 15-26% for every annum.
- In provincial territories Agricultural advance against gold is likewise accessible for agriculturist at exceptionally ostensible rate of Interest of 7%-8%, proof of rural report should be given
- Gold credit is the most basic and advantageous types of advance on the grounds that here you should simply vow your gold with a bank or back organization and get up to 80% of the market estimation of the gold as an advance.
- Borrower will be given a choice to pay just enthusiasm amid the whole term and toward the finish of the residency you can pay finish acquired sum in single shot.
- In the event of gold credit handling time is less. Normally banks take only couple of hours to finish the procedure where as in the event of NBFC's (Non Banking Financial Companies) a couple of minutes is sufficient for the same. So for prompt money related help this is the best choice.
Accuses related of Gold Loan:
Credit handling charge: While a portion of the specialist co-ops may waiver these charges, a few banks do charge a preparing expense.
Valuation Charge: These are the charges to be paid to the valuator. These charges are additionally particular to the specialist organization and those having in-house valuators don't charge any additional sum for valuation.
Late installment punishment: Most of the specialist co-ops charge late installment punishment and this also can shift from one foundation to the next.
Pre-installment punishment: Most of the specialist organizations don't charge a punishment for reimbursement before the credit residency is over. Be that as it may, some may even now have this charge set up.
It is fitting to check with the credit supplier before taking the advance. These charges could change the sum that you may at last get.
Archives required For Gold Loan
- Character evidence, for example, visa, voters ID or driving permit.
- Address verification, for example, power charge, proportion card, phone charge and so forth.
- For mark verification you have to present your identification duplicate, driving permit or whatever other report with your sign.
- 2 identification estimate photos.
Gold Loan Software
Gold Loan Management Software PC Clerk Smart GL is highlight rich completely useful programming for gold credit administration, advance bookkeeping, client information administration, for gold funds organizations. This Gold credit programming has office to make any number of various Loan Types and Interest conspire sorts.
This credit fund programming is an exhaustive and easy to use gold advance programming accessible in both single client and multi-client forms. This advance bookkeeping programming will spare your time and cash by taking care of these elements. This gold credit adjusting programming is easy to use, fast and effective in both its information administration and announcing.
Gold Loan SoftwareFeatures:
- Thorough Pawn Ticket, Pawn Receipt, Redemption and Accounts administration for your Pawn back business
- Finish answer for robotize your Gold credit fund or pawn broking money business.
- Full data is continued each Loan giving you simple access on all request. Data incorporates Customer and Guarantors, and in addition money related subtle elements, current status, and Interest plan, past advance points of interest, letters, advance exchanges, and notes. All data are effortlessly gotten to and unmistakably exhibited
- Different sort of Pawn Receipts (Part Payment Receipt, Redemption Receipt)
- Can create Overdue Letters for early location and unloading of back payments. Letters running from gentle updates through to offer of non-recovered can be created.
- Punishment Interest can be computed on Overdue Loans.
- Propelled Search Provision to discover the client rapidly.
- Client History and Party outline report will permits you to break down the gathering status
- Effectively track your swore thing stock and client data in one place
- Numerous area permits you to keep the swore thing easily
- Coordinated bookkeeping, Re swearing, Auctioning section can helps the pawn representative to stay away from the manuals
- Far reaching, adaptable and easy to use reports, in different configurations fare to exceed expectations and Pdf positions, Print to Graphic or Draft.
- Basic and Multiple Interest Scheme sorts and installment choices
- Numerous Unlimited Receipts in the meantime
Gold Loan SoftwareAdvantages:
- Expand the benefit for business and lessen misfortunes.
- Diminish Manual work, Increase your spare time.
- Enhanced benefit, profitability, proficiency and intensity.
- Brisk basic leadership and discover key data quick.
- Effortlessly track your client data in one place.
- Better and more enhanced client benefit levels fulfillment.
- General change in business announcing and administration.
- Coordinated bookkeeping administration evades the review submitting process.
- Standard intrigue count that avoids salary misfortune and man-made mistake.
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