Gold loan (also called loan against gold) is a secured loan taken by the borrower from a lender by pledging their gold articles (within a range of 18-24 carats) as collateral. The loan amount provided is a certain percentage of the gold, typically upto 80%, based on the current market value and quality of gold. It provides quick access to funds without extensive documentation, offering lower interest rates due to the collateral.
- Quick Fund in 0.30 min to 3 hrs
- No Cibil required
- Lower interest Rate (Compare to PL & BL)
- Doorstep Gold Loan Available