Service Overview
The Gold Loan facility at Abrus Krishna Finance provides an assured and legally compliant financial solution for individuals seeking quick credit by pledging their gold ornaments. As a registered money lender under the Kerala Money-Lenders Act, 1958, we operate with strict adherence to statutory guidelines and industry-standard valuation practices.
Gold is assessed through certified purity testing, recorded securely, and stored under controlled and monitored vault systems. With an operational background dating back to 2018, our lending processes are structured to offer clarity, transparency, and reliability at every step.
Key Features
- Quick Loan Approval immediately after professional valuation
- High Loan-to-Value Eligibility based on gold purity and market rate
- Certified Purity Testing & Accurate Weight Assessment
- Interest Rates Governed strictly under the KML Act
- Secure Vault Storage with tamper-proof packet sealing
- Flexible Repayment Options suited to individual capabilities
- No Income Proof Required due to asset-backed nature
- Legally Compliant Loan Agreements & Documentation
- Confidential and Ethical Handling of Customer Assets
- Immediate Disbursement via bank transfer or permissible cash
Eligibility Criteria
- Minimum age: 18 years
- Resident of Kerala with valid address proof
- Applicant must be the rightful owner of the pledged gold
- Gold must be 18K to 22K purity, subject to internal policy
- Mandatory completion of KYC verification
- Gold must pass purity testing and authenticity checks
- Basic repayment capacity assessment
- No pending ownership disputes related to the ornaments
- Aadhaar Card
- PAN Card
- Address Proof (Aadhaar / Driving Licence / Voter ID / Utility Bill / Passport)
- Recent Colour Photograph
- Signature Proof
- Ownership Declaration for Gold
- Gold Loan Application Form
- KML-Compliant Loan Agreement
- Post-dated Cheque (if required under selected scheme)
- Gold ornaments such as chains, bangles, necklaces, rings, earrings, and anklets
- BIS Hallmarked gold preferred
- Non-hallmarked gold accepted after purity assessment
- Gold coins permitted within allowable guidelines
Imitation, stone-weighted, hollow, or low-purity items are not accepted.
Customer Enquiry & Initial Discussion
Details collected and the process explained.
KYC Verification
Identity and address documentation verified.
Gold Valuation
- Purity tested
- Weight measured
- Value calculated based on market-linked rate
Loan Eligibility Assessment
Loan amount confirmed based on purity, weight, and approved LTV.
Documentation & Agreement
A KML-compliant loan agreement is prepared and explained.
Sealing & Storage
Gold is packed in tamper-proof packets, photographed, labelled, and acknowledged by the customer.
Loan Disbursement
Funds disbursed through bank transfer or permissible cash.
Repayment
Payments made as per schedule; receipts issued for all transactions.
Loan Closure & Release of Gold
Gold is returned after full settlement in the customer’s presence.
- Interest applied strictly as per the Kerala Money-Lenders Act, 1958
- Only simple interest charged; no compounding beyond statutory allowance
- All fees and charges transparently disclosed before disbursement
- Mandatory registers and documentation maintained as required under KML
- Loan Agreement Copy
- Gold Packet Acknowledgment
- Repayment Schedule
- Receipt for each payment
- Secure storage under surveillance and controlled access
- Periodic audits and inspections ensured
We offer multiple flexible schemes under each loan category. The applicable scheme, interest structure, seasonal offers, and customer-specific benefits will be explained and finalized at the branch based on market conditions, ongoing company policies, and customer eligibility. All schemes are subject to change without prior notice.
Frequently Asked Questions
How long does it take to obtain a gold loan?
The process generally takes 15–20 minutes, including valuation and documentation.
What purity of gold is accepted?
Gold between 18K and 22K purity, assessed through certified machines.
How secure is my pledged gold?
Gold is sealed in tamper-proof packets and stored in secure vaults with monitoring and documentation.
Is income proof required?
No. As the loan is fully secured, income documents are not mandatory.
Can I repay the loan before the due date?
Yes. Early closure is permitted anytime during the tenure.
What happens if repayment is delayed?
Simple interest continues as per agreement; reminders are provided for support.
Is the gold ever damaged or melted during testing?
No. We use non-destructive purity testing methods.
Are renewals allowed?
Yes. Loans can be renewed after clearing outstanding interest or as per the scheme terms.
How is the interest rate determined?
Based on KML norms, loan amount, purity, and selected scheme.
Can someone pledge gold that belongs to a family member?
Yes, with a signed ownership declaration and valid KYC of both parties.
Apply for a Gold Loan Today
Experience a secure, transparent, and professional lending process backed by stringent legal compliance.