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Rupeek Gold loan calculator helps you find how much loan amount you get for your 1 Gram (22k) Gold. Check eligibility for Gold loan, calculate EMI & interest rates.<br> <br>If you want to know more beneficial advice, please click at https://rupeek.com<br>
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Advantages of Gold Loan over personal Loan Gold for Indian residents has sentimental value. Indian people take it not only as personal belonging but also a sense of financial security. They like to keep gold in shape of coins, jewelry, and bars, which can be used in dire financial emergencies.
No Income Proof Required While obtaining other loans from any institution, you have to submit income proof because no collateral is asked by the institution. The institution needs to ascertain your repayment capacity. When taking the gold loan, you need not submit income proof as your gold is the collateral kept with the loaning agency.
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Low Interest-rate If you compare the interest rates of gold loan and personal loan, you will find that gold loans are comparatively cheaper. So it becomes little easier for you while repaying the gold loan amount.
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