1 / 6

Top 3 Advantages of Taking a Gold Loan

Indians truly love gold. Many wear or gift gold ornaments, while others buy gold coins and bars during auspicious occasions. It would be a prudent move to take gold loans to meet distinctive financial requirements and goals. The following slides provide information about some of the top advantages of gold loans.

Capriloans
Download Presentation

Top 3 Advantages of Taking a Gold Loan

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Top 3 Advantages of Taking a Gold Loan 

  2. Getting a Gold Loan Indians truly love gold. Many wear or gift gold ornaments, while others buy gold coins and bars during auspicious occasions. It would be a prudent move to take gold loans to meet distinctive financial requirements and goals. The following slides provide information about some of the top advantages of gold loans. 

  3. Quick Processing Times One of the best features of gold loans is their fast processing times. As gold loans involve gold as collateral, banks and non-banking financial companies (NBFCs) approve and process such loans pretty fast. In fact, certain NBFC gold loan disburse within a few hours that add to the convenience of the borrowers.

  4. Minimal Documentation Lenders do not require extensive documentation to be submitted for gold loans. These loans usually involve just a simple KYC-based process where you have to submit proof of identity and proof of address along with a loan application. Moreover, you need not provide your credit score or income proof when taking out such loans. 

  5. Lower Interest Rates A reputed non-banking financial company in India offers the best gold loans at budget-friendly rates. On the whole, gold loans have comparatively lower interest rates than unsecured loan options such as personal loans. When the loan amount can be pretty high, just a small reduction in the interest rate can ultimately result in large savings. 

  6. Who Can Apply for Gold Loans? Any person who has ample gold with them and urgently requires cash should consider taking a gold loan. These loans can be used for both personal and professional purposes. You can use the money from the gold loan to pay off medical bills, renovate your home, buy equipment for your business, and so on. 

More Related