{"id":40,"date":"2025-04-29T08:19:10","date_gmt":"2025-04-29T08:19:10","guid":{"rendered":"http:\/\/rajputfinance.com\/?page_id=40"},"modified":"2025-06-09T12:59:18","modified_gmt":"2025-06-09T12:59:18","slug":"privacy-policy-2","status":"publish","type":"page","link":"http:\/\/rajputfinance.com\/index.php\/privacy-policy-2\/","title":{"rendered":"Auction Policy"},"content":{"rendered":"[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”4.27.4″ background_image=”http:\/\/rajputfinance.com\/wp-content\/uploads\/2025\/06\/2-1.png” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″][et_pb_row admin_label=”row” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text admin_label=”Text” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.27.4″ _module_preset=”default” custom_margin=”-25px|||||” custom_padding=”0px||0px|||” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]

Auction Policy<\/strong><\/span><\/h1>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.27.4″ _module_preset=”default” custom_padding=”4px|||||” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]

Rajput Leasing and Finance Ltd. follows a fair and transparent auction process in accordance with RBI guidelines and applicable laws when pledged gold articles are not redeemed within the agreed loan tenure. The auction policy is as follows:<\/p>\n

Trigger for Auction<\/strong><\/p>\n

If the borrower fails to repay the gold loan (principal and interest) within the due period or extended grace period, the Company shall initiate the auction process.<\/p>\n

Prior to auction, reminders and notices will be sent to the borrower’s registered contact details.<\/p>\n

Notice of Auction<\/strong><\/p>\n

A final Auction Notice<\/strong> will be issued giving the borrower a minimum of 15 days\u2019 notice<\/strong> to clear their dues before the gold is auctioned.<\/p>\n

The notice will also be published in at least one local newspaper<\/strong>, as per regulatory norms.<\/p>\n

Auction Procedure<\/strong><\/p>\n

The auction will be conducted through a public bidding process at a designated location or through an authorized auctioneer.<\/p>\n

Only certified gold valuers and RBI-compliant processes will be followed during the auction.<\/p>\n

The Company reserves the right to postpone or cancel the auction under special circumstances.<\/p>\n

Recovery of Dues<\/strong><\/p>\n

Proceeds from the auction will first be used to recover:<\/p>\n

Outstanding principal<\/p>\n

Accrued interest<\/p>\n

Auction-related expenses (advertisement, handling, transportation, etc.)<\/p>\n

Any surplus amount<\/strong> (after settling dues) will be refunded to the borrower.<\/p>\n

If the auction proceeds are less than the outstanding loan<\/strong>, the borrower remains liable to pay the balance.<\/p>\n

Non-Liability of Company<\/strong><\/p>\n

The Company shall not be held responsible for any loss or damage to the gold during storage, handling, or auction due to reasons beyond its control (e.g., natural calamities, theft, etc.), although reasonable care is taken.<\/p>\n

Compliance and Records<\/strong><\/p>\n

All auction-related documentation is maintained and made available for inspection by regulatory authorities if required.<\/p>\n

The Company ensures the auction process is transparent, fair, and non-discriminatory<\/strong>.<\/p>\n

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Auction PolicyRajput Leasing and Finance Ltd. follows a fair and transparent auction process in accordance with RBI guidelines and applicable laws when pledged gold articles are not redeemed within the agreed loan tenure. The auction policy is as follows: Trigger for Auction If the borrower fails to repay the gold loan (principal and interest) within […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-40","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"http:\/\/rajputfinance.com\/index.php\/wp-json\/wp\/v2\/pages\/40","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rajputfinance.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/rajputfinance.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/rajputfinance.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rajputfinance.com\/index.php\/wp-json\/wp\/v2\/comments?post=40"}],"version-history":[{"count":4,"href":"http:\/\/rajputfinance.com\/index.php\/wp-json\/wp\/v2\/pages\/40\/revisions"}],"predecessor-version":[{"id":795,"href":"http:\/\/rajputfinance.com\/index.php\/wp-json\/wp\/v2\/pages\/40\/revisions\/795"}],"wp:attachment":[{"href":"http:\/\/rajputfinance.com\/index.php\/wp-json\/wp\/v2\/media?parent=40"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}