MoneyLens / Gold loans
Your gold loan, explained.
Gold loan · Sahyadri Bank Ltd · ••••4408
Illustrative
Gold loan · Bank
Closure25 Sep
Repaid on
25 Sep 2026
loan closed
Gold returned
9 Oct 2026
11 working days after
Compensation
₹20,000
4 days late × ₹5,000
Loan
₹1,00,000
EMI
A gold loan of ₹1,00,000 from Sahyadri Bank Ltd at 10% a year, repaid in EMIs, against gold valued at ₹1,50,000 (66.7% of its value). Repaid on 25 Sep 2026; the gold is due back within 7 working days of full repayment.
Myra's most important observations
What Myra found for you
From your documents · each figure opens its findingYou may be owed
Up to ₹20,000
If the lender agrees; each is separate
Six questions, answered
Tap an answer for the detail01Product identity
- ProductGold loan
- LenderSahyadri Bank Ltd (bank)
- Taken on1 Oct 2025
- Loan••••4408
- DocumentsGold loan pledge card · Closure and release letter
02What this is
A gold loan of ₹1,00,000 from Sahyadri Bank Ltd at 10% a year, repaid in EMIs, against gold valued at ₹1,50,000 (66.7% of its value). Repaid on 25 Sep 2026; the gold is due back within 7 working days of full repayment.
03Key numbers
RepaidLoan
₹1,00,000
EMI
Rate a year
10%
Simple interest
Gold value
₹1,50,000
18 g net · 22 carat
Loan-to-value
66.7%
limit 75%
Repaid on
25 Sep 2026
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
08What Myra could not verify
0Nothing essential is missing.
09Suggested questions
05What you're committing to
- ₹8,792 every month for 12 months
- 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