गहाणाचा धंदा करणाऱ्याकडून दागिने व विविध धातूच्या भांड्याच्या तारणावर खालीलपैकी कोणते कर्ज मिळते ?

The correct answer is Option C (Chattel loan).

Key Points:
• Core Concept
• In financial terminology and commercial law, personal movable property (such as jewellery, gold, silver, machinery, or household metal utensils) is referred to legally as 'chattel'.
• Why Correct
• A loan secured against movable personal property (excluding real estate or land) pledged with pawnbrokers or lenders is termed a Chattel loan (or chattel mortgage).
• In the unorganized Indian financial market, indigenous pawnbrokers advance credit primarily as chattel loans by taking physical possession of ornaments and metal utensils.
• Key Details
• The borrower retains ownership, but the lender holds a possessory security interest until full repayment.
• Exam Traps
• Do not confuse chattel loans with commercial credit terms like 'key loans' (pledging warehouse keys/goods) or 'open loans' (unsecured cash credit).
• Other Options
• Key loan (Option 1) is extended against goods locked in a godown where the lender keeps the key.
• Open loan (Option 2) refers to hypothecation or clean advances without physical possession.
• DIR loan (Option 4) stands for Differential Rate of Interest scheme run by public commercial banks, not indigenous pawnbrokers.
• Key Takeaway: A chattel loan is a secured loan obtained by pledging movable personal property such as jewellery and utensils with pawnbrokers.