Gold loan means loan given to the customers against the value of gold pledged with the company. Customer feels this loan scheme is simplest one, to arrange money for their instant need such as children's education, marriage and other financial commitment of the family. Considering its liquidity financiers also found that this loan type is the most secured one.

• Loan scheme types include Multiple interest scheme, Interest compounding scheme, advance interest scheme, EMI scheme
• Customers registration as per KYC norms
• Provision for minimum amount/days interest chargeable.
• Calculation of scheme wise payable value
• Interest calculation on given days/loan period, Provision for penal interest
• Gold item setup for easy entry during loan payment
• Automatic loan number generation and bar coding facility
• Online photo capturing of customers during loan payment
• Provision for nominee and their relation
• Daily update of market rate of gold and loan payment accordingly
• Provision for net weight and calculation of payable value in each loan
• Purity based calculation of payable value
• Scrutiny of loan paper and details
• Authorization for payment
• Edit option for minimum interest rate and amount
• Provision to enter pledged item's weight and qty and remarks
• Can capture photos of ornaments and print along with the application
• Can digitize all documents submitted during loan payment
• Print filled loan application, affidavit, borrowers copy, receipt/token, pledge slip etc
• Cash / cheque payment option, Automatic interest calculation
• Provision for capitalization of interest on regular interval
• Provision for part receipt of principle and interest amounts
• Gold loan receipt through cash/cheque
• Provision to print subscriber's photo during loan payment and view photo during receipt and loan
• Provision to charge various overheads like insurance, stamp cost, service charges, legal charges etc.
• Collection of various charges during part payment and loan closing
• Provision to edit charges amount during receipt
• Re-pledge and release of re-pledges items
• Automatic calculation re-pledging limit
• Intimation letters up to 4 & tracking of loan repayment
• Outstanding (DUE) reports, Overdue statement with exceeded days
• Liability statement (as per the current market value)
• Loan schedule with or without receivables
• Loan schedule (Pending, closed and auctioned)
• Daily gold stock movement statement
• Variance report, Auction proceeding
• Automatic SMS on due date