Gold Loan is a quick & easy way to get money when you need it utmost. You would easily get up to 75% of Gold Value. Most of the household in India consider gold as an asset to be used in emergency only. Now we have lenders offering lucrative gold loans customized as per our needs.

There are many reasons which makes the gold loan a smart financing solution. Lenders also offer this Loan on lower interest rates and maintain complete transparency in loan disbursal and repayments. It is just like other personal loan with more freedom.

Here we have listed some of the reasons for your ready reference:

Advantages of Gold Loan

1.It is easy and simple to avail

2.No credit history is required for it

3.No income proof is required

4.70% to 80% of total value of gold is given as loan

5.Lower interest rate of 12-13% percent is charged compared to personal loan or other loan

6.Easy repayment option. You only pay the interest till when you borrow it

7.Entire loan amount can be returned without any penalty of foreclosure in one shot

8.Less time required at the time or loan processing

9.Lower processing fees

10.Best loan option in category

11. No Requirement of higher credit score or cibil score

Further you have some more silent features to consider when you avail any gold loan. Your gold jewelry is kept in highly secure vault 24*7. In other words your gold has free insurance when kept with lender. There is no restriction in using the loan amount in any purpose. You get the freedom to use the money as per your need such as marriage expenses, education fee payments, travel expenses, higher interest loan repayments.