Gold Loan
It is described as a “Nidhi” company (a kind of non-bank finance company in India) dealing in “other financial intermediation” according to records.
It is listed in local listings (JustDial) as “Metro Samrudhi Nidhi Sub-Banking” at that address in Pratap Vihar, Ghaziabad.
Publicly available detailed product sheet specifying a “gold loan” product being offered by them ( loan specifically against gold, Selver jewellery).
Because they are registered as a Nidhi company, there are regulatory considerations (Nidhi rules differ from banks/ NBFCs) that you should check.
There is limited public visibility of their financial performance or disclosures how many gold loans they have, interest rates.
Since you’re considering a “gold loan” (loan against your gold jewellery) via this firm, here are key checks:
1. Confirm we offer gold loans
Ask directly: “Do you provide gold-loan (loan against gold jewellery)?” If yes, ask for the product terms (interest rate, tenure, LTV ratio, processing fees, storage/safety charges ).
2. Check regulatory/registration status
Verify the company’s validity via the Ministry of Corporate Affairs (MCA) site for filings.
Check whether their licence/registration permits gold loans or if they act only as a collection-agent/sub-banking setup (since the listing says “Sub-Banking”).
Make sure gold is held securely (in proper vault/storage) and you get a pledge receipt or hypothecation agreement.
3. Loan terms
Ask for the maximum Loan-to-Value (LTV): 80% of the gold’s value they will lend.
Interest rate – what is the effective monthly/annual rate? there hidden no charges?
Tenure and repayment mode: Is it monthly interest + bullet repayment? Or monthly instalments?
Safety/Storage/Security charges: since your gold will be kept as collateral.
4. Gold evaluation and transparency
Ensure they evaluate the gold in front of you, state the purity (carat/wt), show how they arrived at loan value.
Ask for a contract in writing (loan agreement) with all details.
5. Receipts & documentation
Get a proper receipt for your gold, mention weight, purity, description, loan amount, interest rate, tenure, redemption conditions.
Make sure the company is insured (the gold kept as collateral should be insured for theft/fire damage ).
6. Exit / Redemption / Renewal
If you want to renew/roll over the loan.
Our Advice
Given the above, if you are looking for a secure gold loan, you can consider Metro Samrudhi Nidhi Limited as one option (since they are local in Ghaziabad and listed). But you should proceed with caution. Since I did not find published standard gold-loan product details, you should personally visit their branch (or call them) and get all terms in writing.