You must have your gold evaluated after selecting your preferred lender. Different lenders provide various choices for evaluation, according to the bank’s website. You can get an evaluation by going to the lender’s branch.
The KYC process is carried out and the gold is weighed by an assayer.
The lender will then let you know the maximum loan amount, the interest rate that will apply, and the terms of repayment.
The average price of one gramme of gold for a given month is used by lenders to calculate the worth of gold. They are only permitted to distribute up to 75% of the entire Gold Loan amount.