Your gold loan, explained.

Gold loan · Narmada Gold Loan · Narmada Bank Ltd · ••••6624

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Gold loan · Bank

Pledge card10 Jun

Owed now

₹2,00,000

at 9.50% a year

Gold value

₹3,13,600

32 g net · 22 ct

Loan-to-value

63.8%

limit 85% for this size

Due

10 Jun 2027

in 232 days

75% of the limit usedthe gold price can fall about 23%

A gold loan of ₹2,00,000 from Narmada Bank Ltd at 9.50% a year, with interest paid monthly and the principal at the end, against gold valued at ₹3,13,600 (63.8% of its value). Repaying in full gets the gold back; if it isn't repaid, the lender can auction the gold after giving notice.

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