The fast Capital pvt Ltd is a group unit of M/s VFS Capital, which is having a long-standing history and experience of more than four decades in engaging and working with the customer segments. Its Journey started in 1982, as a not-for-profit organisation and later, in 1996-97, it entered microfinance business, as a first MFI in Eastern India, which has become an NBFC.
Applications for Gold loans and their processing to be done without discrimination, as per norms of Fast Capital.
Fast Capital does not discriminate on quantum and ROI, other charges with the borrower. Transparency is maintained while accepting the Borrower into portfolio. Fast Capital shall verify the loan applications within a reasonable period of time and decision will be given.
Post disbursement supervision by officials of Fast Capital is carried out as per regulatory norms.
The gold loan agreement shall clearly state that the sanction and disbursement of the credit facility are at the sole discretion of the lender and shall comprehensively disclose all applicable charges, interest and other terms and conditions. The borrower shall duly acknowledge and accept the same.
You can apply online for a gold loan or by visiting the bank’s branch. Only particular branches can sanction gold loans. Some necessary documents, such as photographs, PAN, identity proof, and address proof must be submitted along with the application. Post submission of the application, a gold loan agreement is signed between the customer and the bank.
Recovery of Overdue Loan for Pledged Gold Ornaments Jewellery, a Notice/Recall Letter should be served on the borrower, if the loan and/or interest have not been repaid/serviced in full or part, on or before the due date.
The loan account can be renewed for a further period of one year from the due date, after obtaining fresh set of documents, provided the borrower pays the entire accrued interest till the date of renewal and the stipulated margin is maintained.
The procedure for renewal of loan in special circumstances, where the borrower has failed to repay the principal amount, with accrued interest, on or before due date for some genuine reasons, over which the borrower has no control, and the Branch is satisfied about such reasons.
In cases where normal recovery efforts in overdue loans have failed to have the desired result and auctioning of the Ornament/Jewellery/Coins is warranted based on prima-fade assessment made by the Branch, the Branch will be required to forward the particulars to Head Office seeking authorization for sale of gold Ornaments/Jewellery/ Coins. Prescribed pro-forma for referring the particulars to the Head Office for authorization.
Financial Analysis
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Financial Analysis
Bookan unknown printer took galley type and scramble make.
