Gold Loan
Utilization of Gold Loan:
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Working capital or Business expansion requirement
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Deposit for purchase of vehicle or property
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Vacation with your family
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Medical emergency
Key Benefits:
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Easy documentation
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Higher loan amount depending on net weight of gold and purity
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Swift disbursement of loans and security of gold at vaults
By pledging jewellery and gold ornaments at NBFC or bank of repute, one can avail instant Loan. Amount of loan ranges between Rs. 1,000 to Rs 1 Cr. All persons from 18 to 70 years of age can avail gold loan for the period of 1 month to a year.
Due to the rate of interest and certification ease, Gold loans are a preferable bargain than personal loans. Credit card borrowings though easier to avail than Gold Loan, their interest rates are on the higher side.