LOAN AGAINST GOLD Will Help You With These Benefits!!

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Interest rate : 10-17% from banks 14-26% from non-banking financial companies

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You can get 60% of the value of your gold and can borrow from Rs 10,000 to Rs 25 lakh.

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The tenure is usually 6 months or 12 months but you can renew the loan at a nominal charge

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While you can repay part of the loan whenever you want, gold you have pledged as collateral is released only after you repay the entire loan

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Downside: Gold appraisal charges of Rs 250-2,500. If you are unable to repay the loan, you will lose the gold.

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CLICK HERE

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