A gold loan, also known as a loan against gold, is a secured loan obtained by the borrower from the lender in exchange for the pledge of certain gold items (within the range of 18 to 24 carats) as security. Based on the gold's current market worth and quality, the loan amount is normally up to 80 per cent of the total amount of the gold. The interest rates on gold loans, which are obtained by pledging gold, are between 7.35 per cent and 29 per cent p.a., which are considerably lower than those on other types of loans.
Starting from With the down payment of 25% we provide Gold loan for a repayment tenure upto ….
Note :- Borrower and both guarantors must have membership and income proofs of the organization
10% reduction in loan amount
Interest Rate :- 15 %
Rate of interest on arrears :- 2 %
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