Non-bank lenders like Muthoot Finance, IIFL Finance, and Indel Money auction defaulted gold loan packets the same way banks do, under RBI's fair-recovery guidelines. Browse listings from partner NBFC lenders across India.
Listings and counts are based on current uploads from partner NBFC lenders and may change as new auctions are added.
Gold-loan NBFCs such as Muthoot Finance, Muthoot Fincorp, IIFL Finance, and Indel Money lend against pledged gold outside the traditional banking system. When a borrower does not repay within the notice period, the NBFC lists the ornament for e-auction, following the same RBI recovery framework that applies to banks.
Because many NBFCs specialize in gold-backed lending, they can list smaller packets more frequently than banks, which is useful for bidders who participate regularly.
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Partners include Muthoot Finance, Muthoot Fincorp, Muthoot Mini Financiers, IIFL Finance, Indel Money, ITI Gold Loans, Fedbank Financial Services, Nalin Finance, and more.
Both follow the same RBI-mandated recovery process, including the borrower's right to reclaim gold before handover. Partner NBFCs are onboarded on the platform before listing.
Generally yes. Gold-loan NBFCs specialize in this category, so they often list packets more frequently and in higher volume than general-purpose banks.
Gross weight, net weight, and tentative purity are shown on listings. Specific ornament type depends on what the NBFC chooses to disclose.
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