MoneyLens / Gold loans
Your gold loan, explained.
Gold loan · Godavari Gold Loans Ltd · ••••9051
Illustrative
Gold loan · NBFC
Pledge card1 Sep
Owed now
₹1,61,200
at 14% a year
Gold value
₹2,10,000
24 g net · 22 ct
Loan-to-value
71.4%
limit 75% for this size
Auction
28 Oct 2026
₹1,61,200 to stop it
95% of the limit usedthe gold price can fall about 10%
A gold loan of ₹1,50,000 from Godavari Gold Loans Ltd at 14% a year, with interest paid monthly and the principal at the end, against gold valued at ₹2,10,000 (71.4% of its value). Repaying in full gets the gold back; if it isn't repaid, the lender can auction the gold after giving notice.
Myra's most important observations
What Myra found for you
From your documents · each figure opens its findingAt risk
If it happens: scenarios, not added together
Six questions, answered
Tap an answer for the detail01Product identity
- ProductGold loan
- LenderGodavari Gold Loans Ltd (nbfc)
- Taken on1 Sep 2025
- Loan••••9051
- DocumentsGold loan pledge card · Auction notice
02What this is
A gold loan of ₹1,50,000 from Godavari Gold Loans Ltd at 14% a year, with interest paid monthly and the principal at the end, against gold valued at ₹2,10,000 (71.4% of its value). Repaying in full gets the gold back; if it isn't repaid, the lender can auction the gold after giving notice.
03Key numbers
Loan runningLoan
₹1,50,000
Interest monthly, principal at the end
Rate a year
14%
Simple interest
Gold value
₹2,10,000
24 g net · 22 carat
Loan-to-value
71.4%
limit 75%
Due
1 Sep 2026
50 days ago
04Important findings
Most important first · tap to expandRBI's limit for loans taken before 1 Apr 2026: 75% of the gold's value.
Pledge card p.1, Loan · Pledge card p.1, Valuation · Pledge card p.1, Ornaments
Coming up
28 Oct 2026
Auction · ₹1,61,200 due to stop it
08What Myra could not verify
0Nothing essential is missing.
09Suggested questions
05What you're committing to
- ₹1,750 every month, and ₹1,50,000 at the end
- Your gold stays with the lender until the loan is repaid in full
06What can change
- Gold priceA fall can take the loan above the limit; the lender may ask you to repay part or add gold
- RateAs set on the pledge card
- RenewalOnly within the loan-to-value limit at the gold's value then; fees may apply again
07Closing the loan
- Repaying earlyAllowed any time; check the pledge card for any charge
- Getting the gold backWithin 7 working days of full repayment, or ₹5,000 a day
- If it isn't repaidAuction after notice; reserve price at least 90% of the gold's value; any surplus comes back to you