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Frequently Asked Questions
- Default/ intimation notices to the borrower.
- Pre-auction intimation notice to the borrower.
- Advertisement for conducting auction on jewel auction procure tiger, samil & other bank portal
- Guidelines to conduct auction on jewel auction procure tiger, samil & other bank portal.
- Documentation of auction event.
- Delivery of gold jewellery.
- Loan adjustment.
- Communication to the borrower.
Gold loan (also called loan against gold) is a secured loan taken by the borrower from a lender by pledging their gold articles (within a range of 18-24 carats) as collateral. The loan amount provided is a certain percentage of the gold, typically upto 80%, based on the current market value and quality of gold.
Contemporary designs sell at auction for lower prices than in stores—sometimes for less than half the retail price. Only you need to participate in jewel auction procure tiger, samil & banks
The lender performs gold purity checks and determines its weight on the basis of which it evaluates its market value. Gold loans can be sanctioned up to 80 percent of the calculated value of the pledged gold. Once the value of the pledged gold is evaluated, the documents are verified.
There are many third parties who are arrange gold auction for banks or other entities dealing in gold are as below. Some of online famous auctioneers are jewel auction procure tiger, samil, foreclousure india
You need to contact third party like jewel auction procure tiger, samil and other banks. Following are their contact links.
Contact Details
Office: LBS road, Mumbai 400022
Number : +91 7977938742
Email : prasnala@gmail.com
Helping Hours
Monday to Saturday: 9.00 AM – 7.00 PM
Sunday: Closed