Section 5.3: Gold Loan Category
Gold Loan Management & 7-Step Release Workflow
The Gold Loan module provides end-to-end management of pledged gold items including chains, rings, necklaces, bangles, and coins. Complete with gross/net weight calculation, karat purity valuation, safe packet tagging, and a strict 7-step gold release workflow.
SRS Section 5.3 Compliance
Step 1 of 7Interactive 7-Step Gold Release Workflow
Step 1: Borrower completes final loan repayment
Strict verification controls ensure gold ornaments are only unlocked from safe vault storage after zero balance clearance, authorized closure approval, and customer signoff receipt.
Gold Item & Valuation Parameters
- Customer Details & Photograph
- Gold Item Type & Ornaments Description
- Gross Weight & Net Weight (in Grams)
- Karat Purity (18K, 20K, 22K, 24K)
- Appraiser Valuation Rate & Market Value
- Safe Vault Packet Number & Storage Location
Vault Storage & Photos
- Physical gold ornaments stored in fireproof vault
- Unique tamper-evident Packet Number tagging
- Digital photos attached to loan agreement