Richmax Customer App

Richmaxfinvest

About this app

Gold Loan repayment range: Keeping a minimum balance of Rs.100/-in the account, customer can make repayments without visiting the branch.

Loan Tenure:180 - 365 days

Annual Interest Rates: 12% p.a. to 28% p.a.

Processing Fee (Min to Max): 25-100
Foreclosure Fee: Nil
Representative Example for Gold Loan repayment from Home/office: A customer from Mumbai can avail a super easy gold loan of Rs.1,00,000/-with an interest rate of 18 % per annum for a tenure of 180 days by visiting directly his/her home branch. If the customer pays only the interest every 30 days, then overall calculated interest payable would be ₹1500/month. A processing fee charged could be in the range of 25 to 100 rupees depending on the quantum of loan amount and the amount of this loan would be ₹ 50. If the customer desires to pay only at the time of maturity of loan, then the interest rate would be jumped to higher slab, which may be 28% and he/she has to pay Rs.1,28,050/-(Principal+Interest+Processing fee). The customers get the convenience to pay the principal balance anytime within 180 days of tenure subject to keeping a minimum balance of Rs.100/- in his/her account. Customers can pay the full interest along with principal towards their loan account without visiting the branch in person provided that maintaining the minimum amount criteria.

What’s new

Enjoy, quick, secure, and easy gold loan repayment from your convenience.