Pledge, Storage, Release and What Was Recovered
Gold lending is short, repetitive and entirely about the packet in the locker. The loan record carries what was pledged, what it weighed and what it was valued at. It also says where the packet sits.
The pledge
Two bangles and a chain. Gross 34 grams, 22 carat, valued at the rate your appraiser used that morning. That goes onto the collateral record item by item, with a photograph if you take one at the counter, and the loan is raised against it.
While the loan runs
Interest your way
Some gold loans are interest monthly with the principal at the end, others run as ordinary EMIs. Whichever you lend, the schedule comes from the product you set up.
Where the packet is
Packet number, the branch or locker holding it, and who accepted it are on the record. A customer asking at the other branch gets an answer. Nobody rings the manager.
Part payment and renewal
A borrower who pays down part of the loan and renews keeps one history. The old schedule stays alongside the new one rather than being overwritten.
Release
Release is recorded after the loan closes. The date goes on, and so does the name of whoever handed the ornaments back across the counter. That entry is the proof the packet left properly.
If the loan is not repaid
- The same overdue buckets as the rest of your book
- Reminders by SMS before the account is treated as unpaid
- The notice you sent, with the date it went, against the loan
- Auction date, the item sold and the amount realised
- Surplus or shortfall against the outstanding, on the same record
Frequently asked questions
Does it value the ornaments for us?
No. Your appraiser weighs the item and applies the rate you are lending at, and the record keeps the weight, the purity and the figure he used. Valuation is a judgement, and it stays a person’s judgement.
Will the auction steps be legally correct?
The software records what you did and when, including the notice and the amount realised. Whether your notice period and procedure are right is a matter for your own rules and your lawyer, and we don’t claim otherwise.
We also lend against property papers. Same register?
Yes. The collateral register takes gold, a vehicle or property documents, each with its description, valuation and release entry. Gold simply moves through it far faster than the rest.
Tell us what you need.
Send a short brief and one of our engineers will come back to you — usually the same day.
- No obligation
- We reply the same working day
- Your details stay private