MoneyLens / Gold loans
Your gold loan, explained.
Gold loan · Kaveri Gold Bullet 12 · Kaveri Gold Finance Ltd · ••••3187
Illustrative
Gold loan · NBFC
Pledge card15 Apr
Owed now
₹2,62,369
at 18% a year
Gold value
₹2,85,000
30 g net · 22 ct
Loan-to-value
99.4%
limit 85% for this size
Due
15 Apr 2027
in 176 days
100% of the limit used₹40,950 above the limit
A gold loan of ₹2,40,000 from Kaveri Gold Finance Ltd at 18% a year, repaid in one go at the end, against gold valued at ₹2,85,000 (99.4% 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
Six questions, answered
Tap an answer for the detail01Product identity
- ProductKaveri Gold Bullet 12
- LenderKaveri Gold Finance Ltd (nbfc)
- Taken on15 Apr 2026
- Loan••••3187
- DocumentsGold loan pledge card
02What this is
A gold loan of ₹2,40,000 from Kaveri Gold Finance Ltd at 18% a year, repaid in one go at the end, against gold valued at ₹2,85,000 (99.4% 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
₹2,40,000
Bullet
Rate a year
18%
22% if paid late
Gold value
₹2,85,000
30 g net · 22 carat
Loan-to-value
99.4%
limit 85%
Due
15 Apr 2027
in 176 days
04Important findings
Most important first · tap to expand1.5 g of the 31.5 g gross weight isn't counted (stones, wax, clasps or other metals). Gold is valued at 22 carat: 22-carat gold at the lower of the previous 30 days' average and the previous day's closing price (IBJA or a SEBI-recognised exchange); lower purity scaled down, stones and other metals not counted. 30 g × 22/22 × ₹9,500 a gram = ₹2,85,000.
Pledge card p.1, Valuation · Pledge card p.1, Ornaments · Pledge card p.1
08What Myra could not verify
0Nothing essential is missing.
09Suggested questions
05What you're committing to
- ₹2,83,200 in one go by 15 Apr 2027
- Your gold stays with the lender until the loan is repaid in full
- 22% instead of 18% if interest is paid late
06What can change
- Gold priceA fall can take the loan above the limit; the lender may ask you to repay part or add gold
- RateHigher if interest isn't paid on time
- 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