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Terms & Conditions

Please read the below conditions & terms

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Terms & Conditions

  • Custom Fraud Detection Rules for Pledged Gold Renewal:

    1️.AI-Powered Identity & Pawn Shop Verification:
     Real-Time Pawn Shop License Check-
     The system will cross-check pawn shop licenses with government and financial regulatory databases.

    If a pawn shop is not registered or blacklisted, the renewal request will be automatically blocked.
     
    Multiple Renewals on Same Gold Item Detection:
    Uses AI-driven pattern recognition to detect duplicate gold loan renewals across multiple pawn shops.

    If the same asset is pledged elsewhere, the renewal is rejected, and the client is notified.

     Client & Nominee History Check-
    If the client or nominee has a history of fraudulent transactions, their account is flagged for review before processing.

    2.Suspicious Activity & Location-Based Fraud Prevention:

    Unusual Location or Device Access Detection-

    If a client logs in from an unexpected country or city, the system will trigger a secondary verification step (OTP + Biometric Verification).

    If a device or IP address has been linked to past fraud, the request is blocked automatically.

     Auto-Blocking Suspicious Accounts:

    If a single IP address or device is used to apply for multiple gold loan renewals under different names, it will be flagged as a fraud attempt and blocked.

     Geofencing for Transaction Validation:

    If a pawn shop is located too far from the client’s registered address, the system will trigger an additional verification step before approval.

    3️. Fake Document & Identity Theft Prevention:

     Aadhar & PAN Number Cross-Verification-
     The system will cross-check the PAN and Aadhar details with government databases to prevent identity theft.

    If an Aadhar or PAN is linked to multiple fraud cases the request is rejected automatically.
    Biometric & Face Recognition Matching (Optional):
    Before renewal, the client can be asked to verify their identity using face recognition or fingerprint scan, ensuring only the real owner can renew.
    AI-Based Document Tampering Detection:
    If a client submits a fake or edited document, AI-powered fraud detection tools will scan for inconsistencies and reject the submission.

     Loan & Debt Monitoring to Prevent Over-Borrowing
     Auto-Rejection of Overdue Loans Beyond 8 Months & 1 Day
    If a gold loan is overdue by more than 8 months and 1 day, the system automatically rejects the renewal request.

    Debt Limit Verification:
    If a client has multiple active gold loans, a credit risk evaluation is done before approving a renewal.
    If a client has exceeded their loan limit, the system will deny the renewal request.

    Bank Account Ownership Verification
    Before transferring funds, the system will verify if the bank account belongs to the client to prevent third-party fraud.

    5️. Auto-Flagging High-Risk Transactions for Manual Review:

    Risk-Based Scoring System
    Transactions with a high fraud score based on location, login patterns, and document authenticity will be manually reviewed before approval.
    IP & Device Analysis:
    If multiple renewal requests are made from the same device using different identities, it will be auto-flagged for investigation.
     OTP & Call Verification for High-Value Renewals:
    If a renewal request exceeds a set gold value, the system will require an OTP + manual phone verification before processing.

    Final Security Features:
    Real-Time License & Identity Verification – Prevents fake pawn shops and identity theft.
    AI-Based Duplicate Loan Detection – Stops multiple loans on the same gold item.
    Geofencing & IP Tracking – Blocks fraudulent renewals from unusual locations.
    Biometric & Face Recognition (Optional) – Ensures only the real owner can renew.
    Debt & Loan Monitoring – Prevents clients from over-borrowing. Auto-Blocking Fraudulent Accounts – Suspicious transactions are flagged for review or rejected instantly.
F.A.Q

Frequently Asked Questions

If a loan is overdue by more than 8 months and 1 day, the system automatically denies the renewal request, preventing abuse of the grace period.

Yes. The system monitors total loan exposure per client. If a person has multiple active gold loans and exceeds the defined debt limit, their renewal request will be rejected.

If the system detects multiple gold loan renewals submitted from the same IP address or device under different names, it flags the activity as suspicious and blocks the request.

Geofencing compares the pawn shop’s location with the client’s registered address. If the shop is unusually far away, the system triggers an additional verification step (such as OTP or biometric check) to ensure the transaction is genuine and not being carried out by a third party.

No. The system verifies if the bank account provided belongs to the client. If it doesn’t match, the fund transfer and the renewal request are blocked to prevent third-party fraud.

AI-based document verification tools scan uploaded documents for signs of tampering. If any manipulation is detected, the system rejects the submission immediately.

Client identity is verified using Aadhar and PAN cross-verification with government databases. Optional biometric checks like face recognition or fingerprint scanning can also be used to ensure the real owner is requesting the renewal.

If a login attempt comes from an unexpected city or country, the system triggers secondary verification such as an OTP or biometric scan. If the device or IP has been linked to fraud in the past, access is blocked.

No. The system uses AI-driven pattern recognition to detect duplicate pledges across pawn shops. If the same gold item appears to be renewed or pledged more than once, the system flags it and rejects the transaction.

The system cross-verifies the pawn shop's license against official government and financial regulatory databases in real-time. If the pawn shop is not registered or has been blacklisted, the renewal request is blocked automatically.