For the first time in India, one can get loan on Diamond. No Bank or any Financial Institution is providing this facility. Diamonds which are bought Exclusively from MLDB will be eligible for getting loan. At the time of applying for loan against the diamond you should have the bill and certificate of it in original. Once the diamond is checked by our experts & approved, then only one can apply for loan. The diamond will be sealed by the lab before depositing so that both the customer & the company are satisfied regarding the genuineness of that particular piece. MLDB reserves the right for providing loan on Diamond.
The loan amount will be decided according to the current value of diamond with reasonable interest rates. The loan amount should be paid back within 6 months otherwise the company will have the right to sell the diamond & after deducting the loan, interest & services charges the balance amount will be paid to you by Cheque.