Shriram Finance Senior Credit Executive Interview Questions and Answers

Gold loan is a type of secured loan where gold is used as collateral.

• The loan amount is determined by the value of the gold pledged as collateral.

• The interest rates are usually lower than unsecured loans.

• The repayment period is flexible and can range from a few months to a few years.

• If the borrower fails to repay the loan, the lender can sell the gold to recover the amount.

• Gold loans are popular in India and are offere

To identify pure gold, one can perform a few simple tests.

• Check for hallmark stamp on the gold jewelry

• Perform a magnet test - pure gold is not magnetic

• Perform a nitric acid test - pure gold does not react with nitric acid

• Check for discoloration or tarnishing - pure gold does not tarnish

• Weigh the gold - pure gold is denser than fake gold

• Scratch test - pure gold is soft and can be easily scratched with a pin

• Bite test - p...read more

Gold loan process involves pledging gold as collateral for a loan.

• The borrower brings their gold to the lender for appraisal

• The lender determines the value of the gold and offers a loan amount

• The borrower agrees to the loan terms and signs the necessary documents

• The lender holds onto the gold as collateral until the loan is repaid

• If the borrower fails to repay the loan, the lender can sell the gold to recover their mon