Welcome to Honey Marketing Gobichettipalayam. We do all type ofbanking related works and insurance, mainly gold loans.
Gold loans (or gold deposits) may be undertaken to obtain an income return on gold. The gold that is placed on loan (or deposit) may be either a financial asset (i.e., monetary gold) or a non- financial asset (i.e., non-monetary gold.) The gold remains on the books of the gold lender, and the lender retains the exposure to the market risk arising from movements in the market price of gold. Loan against Gold Ornaments is a product designed to provide liquidity against gold ornaments without having to sell them. Gold ornaments lying idle can be put to productive use by availing Loan against Gold Ornaments. Loan will be sanctioned on submission of all the required documents and satisfactory assessment of gold ornaments. Loan amount is disbursed by cash, DD or funds transfer to an account (as the case may be).
In the case of default in repayment, penal interest (as the case may be) will be charged around 2% per annum over and above the normal rate of interest
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