Gold loans for your financial needs

Posted by alfred dis on September 28th, 2018

Gold loans have become quite popular in the recent period and many leading financial institutions are offering low rates on gold loans. Gold loan is the best possible way to fulfill your short term and urgent money needs. If you are in dire need for money you can opt to take loans towards your gold ornaments with less documentation and repay as per your convenience. Gold loans are good for fulfilling your urgent needs offering comparatively low interest rates as compared to other loans. The processing time for loans against gold is very less when compared to other loans. India is a gold-loving nation and accounts for about 10% of the total world gold stock. Of this, rural India accounts for nearly 65% of gold owned, probably because it is seen as the safest asset. Most people have an emotional attachment to gold and will not sell it except in times of extreme financial distress. This is what makes gold loans such an attractive business for lenders.  

People who take gold loans, are generally in dire need for the money and do not have time or patience to calculate compounded interest that is being charged or how much they will have to pay in the end. It is a question of need and ready availability of liquid cash for the emergency. Banks and NBFCs are eager to provide gold loans because most of us Indians possess gold in form of jewellery and as the gold ornaments see a good amount of capital appreciation over years, it is considered as secured asset for providing a loan on. The benefits of taking a Gold Loan are many: Complete transparency with no hidden charges, low interest rates, flexibility in payment, no part payment charges and no extra charges for gold security.  Gold loan is one of the most affordable credit facilities that you can use for financial emergencies. Since gold assets always appreciate in value, it helps lenders to trust you and provide you a loan on the jewellery. If you’re in urgent need of money rush to the most reputed gold loan company in India, Kosamattam Finance for instant loan against gold with gold ornaments and lowest interest rates.  Taking a loan against gold from NBFC or bank provides you instant cash for most of the immediate expenses such as a quick family holiday, vehicle purchase, medical emergency etc. 

alfred dis

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alfred dis
Joined: September 24th, 2018
Articles Posted: 2

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