Yug India Benefit Nidhi Ltd.

Fixed Deposit

fixed deposit (FD) is a financial instrument provided by NBFCs or banks which provides investors a higher rate of interest than a regular savings account, until the given maturity date.

Recurring Deposit

Recurring Deposit is a special kind of Term Deposit offered by banks in India which help people with regular incomes to deposit a fixed amount every month into their Recurring Deposit account.

Saving Account

Saving money habits will improve the quality of life and will help you feel better and to sleep better. One will be happier knowing he/she has some money aside for unexpected …

Working Time

Monday09:00 - 18:00

Tuesday09:00 - 18:00

Wednesday09:00 - 18:00

Thursday09:00 - 18:00

Friday09:00 - 18:00

Saturday09:00 - 18:00

SundayClosed

About Us

Yug India Benefit Nidhi Ltd. being a company registered under the Companies Act 2013, it automatically comes under the supervision of the MCA. Main objective is to encourage and afford all facilities for cultivating thrift ,saving habits and to render all financial assistance to its member only by receiving long and short term deposits and in particular recurring ,fixed and other deposits.

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Frequently Asked Question

Who is eligible to avail Gold loans?

Anyone who is the member and owns gold ornaments can avail the loan. (Note: Minors are not eligible.) To obtain the loan, you need to submit your gold jewellery (within the Karat range of 18 to 24 k) at your nearest YUG INDIA branches. The loan amount will be sanctioned on the basis of gold valuation which involves verification of its purity. The weight of stones etc. fixed on the ornaments will be deducted for the intention of valuation.

What is the rate of interest charged on such loans? How is the interest calculated?

Our base rate of interest is 15 percent. However, depending upon how high the loan to value (LTV) is, additional interest (amounting to risk premium) ranging from 4-8 percent is charged over and above the base rate. The interest and risk premium is applicable only for the days the money was actually utilised. There are no prepayment penalties.Simple interest is charged, which the borrower has to pay at the specified periodicity or at the closure of loan, whichever is earlier. The interest rate is fixed and calculated on a reducing balance basis.

What is the tenure of such loans?

Our gold loan products have a maximum tenure of one year. However, depending upon how high the LTV is opted, members are required to service the interest at specified periodicities. For example, in schemes where LTV is high, interest would have to be serviced monthly.

How long will it take for me to get my gold loan?

Once you submit your Application Form, Demand Promissory Note and supporting documents, we shall give approval within a matter of minutes provided everything is in order. All loan approvals are at the sole discretion of the Branch Head.

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Testimonials

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Riya Raj
SIA - Sale Manager
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

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Mukul Gupta
Chief executive