Warangal: The Central Bank of India has launched the country’s first AI-powered Gold Loan ATM in Warangal, Telangana. This innovative machine allows customers to get instant gold loans without human intervention, making the process faster, more secure, and hassle-free.
How the AI Gold Loan ATM Works:
1. Deposit Gold Jewelry : Customers place their gold ornaments into the ATM.
2. AI Evaluation : The machine assesses the purity and weight of the gold.
3. Loan Approval : Based on the evaluation, the system calculates the eligible loan amount.
4. Instant Loan Disbursement –
10% of the loan amount rupees is given as cash immediately and 90% of the loan amount is credited directly to the customer’s bank account within 12 minutes.
Key Benefits:
•24/7 Availability – Customers can access the service anytime.
• Quick & Hassle-Free – No paperwork or manual verification required.
•Accurate Valuation – AI ensures precise assessment of gold purity.
•Safe and Secure – The process is fully automated, reducing fraud risks and time saved
