GOLD LOAN
A gold loan is a secured loan where you pledge your gold jewelry or coins as collateral to borrow a specified amount. The loan is based on the market value of the gold, with minimal paperwork and quick disbursal. Once the loan is repaid along with interest, your gold is returned. Gold loans offer a flexible and reliable solution to meet urgent financial needs.
Loan Schemes
| Name | Tenure | LTV |
|---|---|---|
| New RGL Festive 2024 | 90 Days | 75% (Hall Mark Gold) |
Documents Required
- Latest Photo
- Address Proof (Election ID/ Aadhar/ Passport/ Driving License)
- ID Proof (PAN Card)
Terms & Conditions
- The quality of Gold should be 22 carat
- In the case of stone-mixed ornaments, the value of the stones will be deducted from the total value of the gold.
- The Company will conduct a preliminary verification of the gold, and reserves the right to further check the purity/weight of the gold internally or by experts at any time, if required, at its sole discretion, and at the cost and expense of the Loan Applicant/Borrower.
- The interest/EMI must be paid monthly/quarterly under the schemes.
- Notwithstanding anything mentioned herein, the Loan Applicant/Borrower must repay the entire dues/outstanding under the loan, including principal, interest ("Dues"), and other charges, immediately upon demand, if the Company determines, after verification (internally or by experts), that the gold is not of the prescribed weight/purity, or if the title of the Loan Applicant/Borrower to the gold is found defective or disputed by another person.
- In the case of a 6-month default in EMI schemes, the Company may require the Loan Applicant/Borrower to repay the entire dues/outstanding under the loan, including principal, interest ("Dues"), and other charges, immediately. If the Loan Applicant/Borrower fails to repay, the Company will be free to proceed with the auction of the gold after this period.
- If the Loan Applicant/Borrower fails to produce the receipt/pawn ticket at the time of settlement, the Company, at its sole discretion, may require completion of verification formalities to establish the borrower's right over the gold. The borrower is bound to cooperate in completing the verification process. Gold will only be released after full verification. Any charges and costs incurred during this process must be borne by the borrower.
- The Company reserves the right to disclose information to Credit Information companies or other similar agencies, as required by statutory regulations.
- Gold Coins, Biscuits, Tamil Thali or Bullions will not be accepted.
- In the event of the borrower's death, the nominee may withdraw the gold. The borrower must nominate a person at the time of applying for the loan. The nominee must present their ID proof, death certificate and legal heirship certificate along with the pawn ticket/receipt to claim the gold.
- At the end of the loan tenure, the borrower must close the loan account by paying all dues, including the principal, within one week. If the borrower fails to do so, the Company may proceed with the auction of the gold after this period.
CIN No. U65923KL2011PTC029718
© 2025 Radhakrishna Finance, All Rights Reserved.
Designed by Toruss