Why aren't Gold Loans a Good Idea?

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Why aren't Gold Loans a Good Idea?
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Are you thinking of taking gold loans? Then
certainly you are wrong over there. There are
several disadvantages to taking such a loan. Few
of them are listed below
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• The foremost disadvantage is that with passing
  days, simple interest becomes compound interest
  if you become unable to play in the beginning.
  That signifies that you would have to pay
  interest on your interest. This way it will cost
  you too much. It will not prove to be a friendly
  loan. And if anyone had that much to pay for the
  compound interest than why would they take a loan
  in the first place.

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• Secondly, banks will provide only sixty-five to
  seventy percent of your valuable jewelry. Banks
  will never provide a fair value to you. Now you
  yourself think, is taking such loan a smart
  decision. When selling silver in Delhi NCR you
  can get the 100 worth.

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• In long run, these loans are not advisable as
  formalities, norms, terms, and conditions are
  stricter in these kinds of loans.

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• Interest rates in such kind of loans are too
  high. So, if you could pay that amount of
  interest, then why would you require availing a
  loan? If the value decreases over time then your
  bank would seize them if they increase, then you
  would not get any profit if the bank slices them.
  Rather they would not even inform you before
  taking your valuables.

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• Gold prices are not certain they do fluctuate in
  coming time. So it could prove to be a wrong
  decision to take a loan on your gold. What if
  prices hike after taking a loan?

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Our Services
Instead of taking a loan, come to us. We buy gold
online. You can get cash in return your valuables
at Cash for Gold in Noida.
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We also do provide another medium of transactions
such as cheques and other means of payment, but
that is all on your choice.
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You can always take instant cash during the time
of need. But our way is to take back the gold
from the bank and pay the exact amount to the
bank and relief your stress.
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We give cash for gold online that means you do
not even have to come to our office.
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Sitting at your home, you can enjoy the benefits
that we will provide.
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Cash For Gold
Address 4th Floor, E 63, Jawahar Park, Vikas
Marg, Opp. Metro Pillar No - 47 Laxmi Nagar, Near
Hira Sweets. New Delhi 110092 Phone
91-9999821722Email info_at_goldandsilverdealer.co.
in
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