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Gold Loan Auction: Understand the Process, Protect Your Rights & Avoid Losing Your Gold

গোল্ড লোনের EMI না দিলে কি সোনা নিলামে ওঠে?

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News18•11-03-2026, 19:21

Gold Loan Auction: Understand the Process, Protect Your Rights & Avoid Losing Your Gold

•Gold loan auction process is fair and regulated, providing borrowers sufficient time and notices before sale.
•Auctions are triggered by prolonged non-payment, loan term expiry, or LTV ratio violations.
•Borrowers receive a detailed auction notice specifying date, time, reserve price, dues, and a crucial redemption period.
•The redemption period allows borrowers to repay the outstanding amount and reclaim their jewelry before the auction.
•Post-auction, any surplus funds are refunded to the borrower, and they have rights to access sale records and question the process.

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