Gold is considered to be a symbol of prosperity in India. A number of people invest in this important asset as a hedge against inflation or to diversify their investment portfolio. Gifting gold ornaments to women during special events like weddings is also a prominent tradition in India. In case you urgently need a lump sum amount of money, you can also use this gold as collateral to obtain the required financing. Top 3 Features of Borrowing against Gold in India
Top banks and Non-Banking Financial Companies (NBFCs) of India offer gold loans. These are secured loans, as per which the lenders carefully evaluate the present market value of the gold and ascertain the loan amount. You can get the money you need almost instantly by taking a gold loan. Here are some of the prime features and perks of gold loans
When searching for the ideal gold loan companies in India for your loan, it is prudent to go for an NBFC than a bank as the former usually has a more streamlined and fast loan approval process. NBFCs may process and disburse a gold loan in just a couple of hours.
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