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How to Apply a Gold Loan

How to Apply a Gold Loan -How to get a Gold Loan:  How to take a Gold Loan

How to Apply a Gold Loan

In this post we are going to talk about a gold loan, gold is there in everyone's house in India, we think that gold is only useful in bad times, but many times we think of a personal loan. , Unable to submit the credit card EMI on time, or these which is a personal loan or credit card loan, these are very many pad ray, as compared to gold loan, now we can take our gold pay loan, in this it is not It is saying that you have to take a gold loan only, it depends on why you want the loan. I tell us that a home loan is the cheapest loan. If you have any personal need, then you should take a gold loan, then in this post, we will know about all things bare.

So let's go, what are the benefits of taking a gold loan, at which time we should take a gold loan. If you need money for a short period of time, you must take a gold loan for 1-2 years or you have got a gold loan only for 1-2 years, but not for a long time.
Then there is also a benefit that even if your credit score is low, you will still get a gold loan.

Gold Loan Rate of interest

Its interest rate is very low as compared to personal loan or credit card loan, personal loan or credit card is very expensive and credit card is the most important.

Now if we talk about the interest rate of gold loan, then the bank which gives you 2.4% interest.
Your interest in NBFC is higher as compared to bank

Gold Loan Processing Fee

0.4% -2% is applicable on the loan amount, it varies from bank to bank.

Gold Loan Tenure

The time taken to pay off the loan, you get from 3 months to 3 years.

Gold Loan Eligibility Criteria 

Age limit  21+ years 
Will you be able to pay the loan on time or not?

loan amount

Your gold should be of 22-24 carat only

Making @ profanity charges have been deducted.

Debt to Value Ratio- Max. 0.4%

Maximum loan- 10-20%

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