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
How it's repaid
Pledge card p.1, Loan · Pledge card p.1, Interest · Pledge card p.1, Scheme · Pledge card p.1Bullet
- Rate18% a year · 22% if late
- Tenure12 months
- Due at the end₹2,83,200
- Repay by15 Apr 2027
Nothing until the end; simple interest on the amount borrowed. Repaying early is allowed; check the pledge card for any charge.
The gold pledged
Pledge card p.1, Valuation · Pledge card p.1, Ornaments · Pledge card p.1- Gross weight31.5 g
- Net weight (counted)30 g
- Purity22 carat
- Price a gram (22 ct)₹9,500
- Value₹2,85,000
The difference between gross and net weight is stones, wax or other metals, which aren't counted. Valued at 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. The valuation must be done in your presence.
Extracted terms
Each term keeps its source. The loan-to-value, interest and fees are on the Gold & Costs tab.
| Term | Value | Source | Status |
|---|---|---|---|
| Product name | Kaveri Gold Bullet 12 | Pledge card p.1 | Verified |
| Reference number | ••••3187 | Pledge card p.1 | Verified |
| How it's repaid | Bullet: all at the end | Pledge card p.1, Scheme | Verified |
| Type of lender | NBFC | Pledge card p.1 | Verified |
| Loan amount | ₹2,40,000 | Pledge card p.1, Loan | Verified |
| Interest rate, a year | 18.00% | Pledge card p.1, Interest | Verified |
| Rate if interest isn't paid on time | 22.00% | Pledge card p.1, Interest | Verified |
| Tenure | 12 months | Pledge card p.1 | Verified |
| Loan date | 15 Apr 2026 | Pledge card p.1, Loan | Verified |
| Repay by | 15 Apr 2027 | Pledge card p.1, Loan | Verified |
| Gross weight (grams) | 31.5 g | Pledge card p.1, Ornaments | Verified |
| Net weight (grams) | 30 g | Pledge card p.1, Ornaments | Verified |
| Purity (carat) | 22 | Pledge card p.1 | Verified |
| Gold price used, a gram (22 carat) | ₹9,500 | Pledge card p.1, Valuation | Verified |
| Value of the gold | ₹2,85,000 | Pledge card p.1, Valuation | Verified |