MoneyLens / Gold loans
Your gold loan, explained.
Gold loan · Narmada Gold Loan · Narmada Bank Ltd · ••••6624
Illustrative
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.
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.1Interest monthly, principal at the end
- Rate9.50% a year
- Tenure12 months
- Interest each month₹1,583
- Repay by10 Jun 2027
Interest each month on the full amount; the loan itself at the end. Repaying early is allowed; check the pledge card for any charge.
The gold pledged
Pledge card p.1, Valuation · Pledge card p.1, Ornaments- Gross weight34 g
- Net weight (counted)32 g
- Purity22 carat
- Price a gram (22 ct)₹9,800
- Value₹3,13,600
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 | Narmada Gold Loan | Pledge card p.1 | Verified |
| Reference number | ••••6624 | Pledge card p.1 | Verified |
| How it's repaid | Interest monthly, principal at the end | Pledge card p.1, Scheme | Verified |
| Type of lender | Bank | Pledge card p.1 | Verified |
| Loan amount | ₹2,00,000 | Pledge card p.1, Loan | Verified |
| Interest rate, a year | 9.50% | Pledge card p.1, Interest | Verified |
| Tenure | 12 months | Pledge card p.1 | Verified |
| Loan date | 10 Jun 2026 | Pledge card p.1, Loan | Verified |
| Repay by | 10 Jun 2027 | Pledge card p.1, Loan | Verified |
| Gross weight (grams) | 34 g | Pledge card p.1, Ornaments | Verified |
| Net weight (grams) | 32 g | Pledge card p.1, Ornaments | Verified |
| Purity (carat) | 22 | Pledge card p.1, Ornaments | Verified |
| Gold price used, a gram (22 carat) | ₹9,800 | Pledge card p.1, Valuation | Verified |
| Value of the gold | ₹3,13,600 | Pledge card p.1, Valuation | Verified |