Gold Loan is a very simple concept and in this type of loan, A customer pledges gold. It may include jewelry, ornaments etc. as security for taking the loan. This type of loan is useful if you are in need of money for immediate expenses. And also expect to be able to pay it back in the short term. It is cheaper and faster as compared to personal loan. The banker uses the gold as security against latent mortgage default by the customer. The loan that is against gold is a specific percentage of the value of the gold. The gold has been pledged and the loan is sanctioned after analysis of basic documents. The amount is then given to the customer in the form of cash, account transfer or demand draft. These are short-term loans and the repayment period can vary from one month to a few years. Advantages of taking Gold loan:-
Check Your Eligibility: Documents Know about the terms and conditions:Why Gold Loan Mumbai Pune
Need cash? Apply for gold loan now and get quick approval and disbursement in few hours. Enjoy the benefit and best offers with less documentation and zero processing fees.
What is Gold Loan?
Interest Rate of Gold Loan
Interest Rate:
Eligibility & Documents