Missed a gold loan EMI? Know when your pledged jewellery is at risk — Experts explain recovery process and auction rules
· livemint.com
Missed a gold loan EMI? An overdue payment does not automatically mean your pledged jewellery will be auctioned. Understand the RBI framework, how lenders handle defaults, the notice process, and what borrowers can do to reclaim their gold before it is sold.
If you have taken a gold loan and missed EMI payments, you may be worried about losing your pledged jewellery. However, missing an EMI does not automatically me...