STEP 1
1. The Customer confirms to have fully read and understood the various Terms and Conditions
of Sale plans offered by the Company and based thereon, the Customer has requested/selected
to avail the Loan under the Carat Loan (Gold Reclamation plan) with terms and conditions as
mentioned in Sale Placement Application & Contract Form.
2. The amount is based on the weight, purity and existing market value of the Gold.
3. The Company will make only a preliminary verification of the Gold and the Company has the
right to further check the purity / weight of the Gold internally or by experts at any point
of time if required.
4. The Customer confirms that the stones fixed in the pledged gold ornaments/items, if any,
do not have any market value and that the said gold ornaments /items is/ are the absolute
and unencumbered property of the Customer and no other person has any right, title, or claim
thereon.
5. The Processing fee of charge Rs.50/- per gram is applicable.
6. The loan should not be utilised for any illegal or unlawful activities.
7. Under this Sale Plan, MINOR CANNOT BECOME AN APPLICANT/MEMBER.
8. The Carat Loan plan is unique and will not be linked to any other existing or future Sale
plans/ offers and is not transferable under any circumstance.
9. GST and all other Govt taxes and levies which are applicable or which may become
applicable shall be paid by customer at the day of Carat Loan Plan billing.
10. At the time of joining of the Carat Loan Plan, the Customer has to bring recent passport
size colour photograph and documents required Pan Card, Passport, Driving Licence and any
other accepted ID proof with attached copy.
STEP 2
1. The Customer confirms to have fully read and understood the various Terms and Conditions
of Sale plans offered by the Company and based thereon, the Customer has requested/selected
to avail the Loan under the Carat Loan (Gold Reclamation plan) with terms and conditions as
mentioned in Sale Placement Application & Contract Form.
2. The loan is based on the weight, purity and existing market value of the Gold.
3. The Customer confirms that the stones fixed in the pledged gold ornaments/items, if any,
do not have any market value and that the said gold ornaments /items is/ are the absolute
and unencumbered property of the Customer and no other person has any right, title, or claim
thereon.
4. The Processing fee of Rs.50/- per gram is applicable
5. The period of Loan is as mentioned in the Sale Placement Application & Contract Form and
the Customer is required to repay the loan before the completion of loan tenure, as
specified in the Sale Placement Application & Contract Form from the date of
disbursement.
6. If full repayment of the loan is not made within the period of the loan (as specified in
the Sale Placement Application & Contract Form) the Company shall have the right to sell
.The Customer out of his/her free will, authorizes the Company to sell the Gold at any time
after 2 weeks from the date of notice to the Customer at the given address and adjust from
the net proceeds of such sale, all amounts, including charges, due to the Company in respect
of the loan. If there is any surplus on such sale, the Company shall have the right to
appropriate such surplus towards any other liability of the Customer. The net surplus, if
any, after such appropriation, shall be refunded to the Customer within 30 days of the sale.
In case of any shortfall after disposal of the Gold, the Company shall have the right to
resort to legal proceedings against the Customer to recover the shortfall.
7. In Sale Placement Application & Contract. NO REFUND of money is allowed under any
circumstances under the Carat Loan (Gold Reclamation Plan).
8. That before 5 th day of each month the customer shall pay his / her Minimum Monthly
Installments (MMI) without any delay .In case of delay in payment of MMI within stipulated
period, the late fee @Rs.10/- per gram for each month shall be imposed. All the payment
shall be made by cheque or through bank transfer only.
9. In case of dishonour of cheque & ECS or NACH minimum bouncing charges of Rs.500/- shall be
applicable.
10. That, This present Sale placement bill / agreement & contract is non transferable.
11. The Carat Loan (Gold Reclamation Plan) is unique and will not be linked to any other
existing or future Sale plans/ offers.
12. Under this Gold Sale Plan Indian citizens only eligible, MINOR is not eligible.
13. That upon payment of all Minimum Monthly Installment (MMI) + processing fees and GST@3%
as applicable, the company will hand over the customer gold ornament on next working day.
That is on completion of the contracted period.
14. At the time of joining of the Carat Loan (Gold Reclamation Plan) and at the day of taking
actual delivery of their Gold ornament, the Customer has to bring recent passport size
colour photograph and documents required Pan Card, Passport, Driving Licence and any other
accepted ID proof with attached copy.
15. Customer has to bring the MMI card every month while making payments. The original MMI
card has to be surrendered at the time of redemption. The person, who has signed the Sale
Placement Application Form, should sign on the invoice and delivery receipt at the time of
redemption.
16. GST and all other Govt taxes and levies which are applicable or which may become
applicable shall be paid by customer at the day of Reclamation purchase placement billing
and subsequently on every payment of Minimum Monthly Installment (MMI) of the Sale placement
application & contract.
17. The loan should not be utilised for any illegal or unlawful activities.
18. The pledged articles will be released to the Customer on repayment of all dues.
19. Only the person who has availed the loan has the right to receive the ornaments pledged
as security after repayment of the loan.
20. The locker facility, if any, provided by the company at any of its branches is not
regulated by the Reserve Bank of India.
21. In the event of loss of pledged Gold due to theft, burglary or for any other reasons from
the custody of the Company, the liability of the Company shall be limited to replacing the
lost Gold with equal net weight as mentioned in the Carat Loan (Gold Reclamation Plan)
application form / Sale Placement Application & Contract Form.
22. Customer has to bring the MMI card every month while making payments. The original MMI
card has to be surrendered at the time of redemption.
23. In case of change in address, loss of MMI card, the Company should be kept informed
without any loss of time. The customer has to apply in writing for issue of duplicate card
enclosing KYC requirements.
24. The customer signature at the time of maturity must match the registration.
25. The Company may opt to send SMS or communication in other modes reminding payment of MMI
and about any other products/services of the Company or of any other entities or for
conveying any information to the Customer.
26. All the general Force Majeure terms are applicable.
27. The Customer confirms that all particulars / details given in the applications are true
and correct and no information has been suppressed / with held.
28. Subjected to Hyderabad jurisdiction only.
