Gold Loan
Gold Loan
What is gold loan?
In case of A system where you can get a loan by pledging your gold. Gold loans are mainly provided by banks or NBFC’s wherein the purity of the golf should be 18-24 carats.
Why avail a gold loan?
Low interest rate: in case of a gold loan, the physical gold can be kept as the collateral. This means you can avail lower interest rate. Also, the loan processing takes lesser time.
No credit history: For a gold loan only the gold collateral matters as the banks do not ask for employment status, income proof or check credit history for sanctioning gold loan
High Margin: The lender provides up to 75% of the value of gold, pledged for the loan.
Key features of gold loan:
1.Physical gold ornaments and gold bullion are accepted by banks and NBFCs collateral assets.
2. A gold loan is can be easily availed by anyone who has gold at their
3. It comes with a highly flexible tenure which is fixed depending on the loan amount sanctioned
4. The interest rate of gold loans ranges form 10.5%-16 along with processing fee of 2%.
SGLOW SOLUTIONS PVT LTD
sglowsolutionpvtltd@gmail.com
support@sglowsolution.com
Services
Insurance
Investment
Loans
Real Estate
© SGLOW SOLUTIONS PVT LTD 2020. All rights reserved.
