New Loan / Mortgage

Pledge entry · Slab-based interest · Auto-renewal

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Borrower Details

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Pledged Articles

ArticlePurityGrossNetValuationPouch
Gold Chain22K28.4027.902,18,000P-A-12
Gold Bangle x222K42.1041.203,22,000P-A-13

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Automatic WhatsApp + SMS reminder series before due date

T − 15 days
WhatsApp
Friendly reminder
T − 7 days
WhatsApp + SMS
Due soon
T + 1 day
SMS + Call
Overdue notice

Loan Terms

Interest Slab (auto)

≤ ₹10,00012% p.a · 1% p.m
> ₹10,00018% p.a · 1.5% p.m
Monthly
1.50%
Yearly
18%
Disburse Now
1,00,000
Interest (12m)
18,000
Maturity
1,18,000

Auto-Renewal at 12 months

If unpaid by tenure end, loan auto-renews with accumulated interest as new principal.

Original Principal1,00,000
+ Year 1 Interest18,000
New Principal (Y2)1,18,000
Y2 Interest @ 1.5% p.m21,240