SVR Nidhi play online

1. Our company gives loans up to 5 lakhs

2.We are using the simple interest formula: A = P(1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods.

3.We charge a
Loan application fee of 1%
Loan Processing Fees 1%
of the total loan amount.

4.Our period for repayment
Minimum :- 12 Month and
maximum : 60 Month

5.Maximum Annual Percentage Rate (APR) = 20%

**A representative example of the total cost of the loan, including all applicable fees.

Loan Amount Sanctioned : Rs. 200000
Deductions
1) Loan Processing Fees : Rs. 2000
2)Loan application fee : Rs. 2000
Net Amount Disbursed : Rs. 196000
Type of Interest Rate : flat
Effective APR: 20%
Term : 12
Frequency : Monthly
EMI Amount : Rs. 20,000
Total receive amount: 2,40,000 (20,000 x 12)
total intrest: 40,000 (20%)
Foreclosure charge : 4% of Loan Amount
Minimum period for repayment : 12 Month
maximum period for repayment : 60 Months

The Nidhi Incorporated under company , under Nidhi , by the innovative leadership of inspired professional in this revolutionary market trend. A company declared as a Nidhi ( nbfi) under section 406 of the Companies Act,2013 . Nidhi have many features which make them stand distinctly apart from many other Non-Banking financial institutions who are working under the guide line of R.B.I .This is one of the leading Nidhi Company. In addition to the transparency, security and range of its gold loan products ,MTOS Nidhi Limited distinguishes itself from others primarily on the basis of the ease with which gold loans can be availed from our branches. The only requirement is that borrowers present themselves at our branches with the jewellery and with a valid ID and address proves.