Product
To provide loans to customers against pledge of gold jewellery as collateral security.
Nomenclature and Tenure
The loan is given as a demand loan. All gold loans are sanctioned for a maximum tenor of 12 months.
Eligible Customer
Any individual who is the lawful owner of the Gold Jewellery offered as security and fulfilling KYC norms as per RBI guidelines.
Purpose
Working capital, business expansion, personal liquidity requirements, domestic needs, medical expenses and other lawful purposes.
Quantum of Finance
Loan amount depends on net gold weight, purity and prevailing RBI Loan-to-Value norms.
Interest & Charges
- Documentation Charges
- Notice Charges
- Auction Charges
- Stamp Duty (where applicable)
Documentation
Loan Application, DPN, Terms & Conditions Letter, Aadhaar eKYC and other required documents.
Identity Proof
- Aadhaar Card
- PAN Card
- Passport
- Driving License
- Voter ID
Safety Measures
- Strong Rooms
- FBR Safes
- CCTV Cameras
- Alarm Systems
- Insurance Coverage
Auction Policy
Overdue loans may be auctioned after due notice as per Company policy and RBI guidelines.
Release of Jewellery
Jewellery is released after settlement of all dues and verification of customer identity.