A gold loan is a credit provided by accepting gold ornaments or bars or coins as a collateral from a customer. It is a fully secure kind of loan where gold is taken as a collateral and a part of the value of gold is sanctioned as the loan amount. A very lean due diligence process more or less an Instantaneous loan against physical precious metal. It does not depend on income but on the valuation of the gold being pledged.
This Software including gold loan maintenance, multi-valuation, gold loan renewals, margin calls for shortfall cases, maturity date completion and release tracking of gold. It offers a light workflow to support the speed and agility required in the gold loan business. We design, develop and configure computer hardware and software for banks and other organizations in the lending industry.
- Centralized Settings and Operations viz. Products or scheme Configuration, Charges Configurations, Interest Activities of various gold loans.
- Option to apply Scheme customization and interest revisions regionwise and branchwise.
- Option to apply interest revison to new loans or on all existing loans.
- Eligible amount calculation based on weight, purity and market value of gold
- Loan register or ledger with customer and ornament photos, Signature, printouts of register, token, voucher
- Customer Registration Details with Photo, Aadhar(front & Back), PAN etc...
- Gold stock register and Inventory tracking of pledged items
- Interest amount calculation from the given date and reverse calculation of interest applied date from given amount
- Automated penalty capture and recalculates receivable on overdue loans
- Transaction history will be shown in tabular format on ledger entry screen
- Integrated financial accounting module
- Prevent potential frauds with the audit trails and optional activity logs
- Realtime liability of the loanee
- User definable asset grading & NPA report, NPA & bad debt classification
- Various types of arrear/ balance statements
- Customizable reports with an option to export to excel and pdf formats
