RATE OF INTEREST

The Company shall frame appropriate internal policies and procedures for determining the interest rates and processing and other charges, if any and also ensure that they are not excessive. The Company shall, at the time of disbursal, ensure that the interest rate and other charges, if any, on loan and advances are in strict adherence to above referred internal policies and procedures.The rate of interest will be annualized rates so that the borrower is aware of the exact rates that would be charged on the loan.Interest will be charged on the daily balance outstanding at monthly rest on the basis of the actual number of days from the date of availing the loan to the date of closure of the loan.The information published in the website shall be updated whenever there is change in the rates.The rate of interest and the approach for gradation of risk and rationale for charging different rates of interest to different schemes shall be disclosed in the application form and also communicated explicitly in the sanction letter issued to the borrower.Rebate on interest rates meant to encourage timely periodical payment of interest under each scheme, levying of additional interest for discouraging loans from crossing the sanctioned period etc., shall be mentioned clearly in the loan agreement.No pre-payment penalties/foreclosure charges will be levied on gold loans in the normal course. In case such charges are applicable for any scheme, it will be disclosed in the sanction letter.Changes in Rate of Interest shall be effected prospectively.

Managing personal finances can seem daunting, but with the right strategies, you can master it like a pro. This ultimate guide will walk you through the essential steps to take control of your money and achieve financial stability.

1. Create a BudgetA budget is the cornerstone of personal finance. Start by tracking your income and expenses. Categorize your spending to see where your money is going. This will help you identify areas where you can cut back and save.

2. Build an Emergency FundAn emergency fund acts as a financial safety net. Aim to save three to six months' worth of living expenses. This fund will protect you from unexpected financial shocks, like medical emergencies or job loss.

3. Pay Off DebtDebt can be a significant barrier to financial freedom. Focus on paying off high-interest debt first, such as credit card balances. Consider using the snowball method (paying off the smallest debts first) or the avalanche method (paying off the highest interest debts first).

4. Save for RetirementIt's never too early to start saving for retirement. Take advantage of retirement accounts like a 401(k) or an IRA. Contribute regularly and make sure to maximize any employer match, which is essentially free money.

5. Invest WiselyInvesting is key to growing your wealth over time. Diversify your investments to spread risk. Consider a mix of stocks, bonds, and mutual funds. If you're new to investing, consider speaking with a financial advisor.

6. Monitor Your Credit ScoreYour credit score affects your ability to get loans and the interest rates you'll pay. Check your credit report regularly and ensure there are no errors. Pay your bills on time and keep your credit utilization low to maintain a good score.

7. Plan for Major ExpensesWhether it's buying a home, starting a family, or pursuing higher education, planning for major expenses is crucial. Save and budget for these goals in advance to avoid financial strain.

8. Review and Adjust Your PlanPersonal finance isn't a set-it-and-forget-it deal. Regularly review your budget and financial goals. Adjust your plans as your financial situation or priorities change.