Gold Loan Options in India – Key Features and Documents required

Gold Loan Options in India – Key Features and Documents required

Finances News

Gold Loan or loan against gold is one of the most popular option for borrowing money. Gold loans are offered with lower interest rate compared to personal loan. Gold loan disbursement is faster and payment terms is flexible. You can avail gold loan from the bank as well as NBFC (non-banking finance company). Gold loan is any purpose loan you can opt for this loan for any purpose. However, it is advisable to opt for this loan in financial emergency only. Gold loan is secured loan and you need to pledge your gold article, gold ornaments as collateral to get