Gold Loan Online

Gold is one of the most precious metals and is considered to be a very convenient investment avenue. In India, gold has always had a lot of significance attached to it as it is considered to be auspicious to purchase during festivals like Dhanteras and Akshaya Tritiya. These days, with the advancement of technology and the digital marketspace, it is possible for people to buy 24-carat gold online as well from reputed companies and NBFCs. From gold ETFs (Exchange Traded Funds) to gold ornaments and jewellery, there are many ways in which people can make an investment in gold. However, one of the most popular ways is to buy gold coins online. A gold coin offers many benefits as opposed to other forms of gold: Affordability Gold coins are available in varying weights, generally starting from as low as one gram. This makes it easier for more and more people to buy gold coins as you do not need to burn a hole in your pocket. While jewellery, ornaments, gold bars, etc. may be a little expen...

A gold loan is a loan against the physical pledge of gold. It can be availed of against gold bars or gold ornaments. The bank or NBFC carries out a complete assessment before the loan amount is disbursed into your account. So, if you are planning on getting a gold loan, here are a few things that you should know: Easy and hassle-free Getting a gold loan is an extremely easy and quick way to get your gold liquidated. So, if you have any financial emergencies, a gold loan would be your best bet. Anyone who is an Indian citizen and owns gold can apply for a gold loan in India. Also, nowadays, there are various non-banking finance companies (NBFCs), apart from banks and local jewellers, that offer gold loans at quite lower interest rates.  Quick documentation  One does need a lot of documents while applying for a gold loan. All they would need is proof of identity, proof of address, and a couple of passport-sized photographs. However, in some cases, the bank may ask you to provide...

A  Gold is one of the most popular metals in India where most families have at least some amount of gold, be it ornaments, coins, or bars. This precious metal is not just a vital inclusion in many special events in one’s life, but also a great investment option. One more reason why people love gold is the opportunity to avail gold loan.  Here are a few important things you need to consider when applying for it: Check Interest Rate One of the most crucial aspects to consider when applying for a gold loan is the interest rate at which you are attaining the loan. Various banks and NBFCs offer gold loans at diverse interest rates; thus, it is vital to choose a bank or lender that can provide loan at affordable interest rates. Before finalising a lender, make sure you compare rates provided by various banks. Loan Amount Since a gold loan is a secured type of loan in nature, the loan amount depends on the value of the gold you submit as collateral. The amount of gold loans differs f...