A Complete Guide to Gold Loan

1

• A Complete Guide to Gold Loan
• Gold loans are secured loans given by lenders on
  the mortgage of loans. Generally, a percentage of
  gold is given as a loan amount. It is important
  to know about the loan amount per gram of gold
  and other factors that will affect the credit
  amount. The borrower has to pay the loan amount
  in installments over the tenure of the loan. When
  you compare the different types of loans, you
  will realize that it is the best type of loan in
  case of an instant need for money like a wedding,
  medical emergency, education, etc.

2

• Benefits of gold loan
• Minimal paperwork because your gold is kept as
  collateral.
• No need to show income proof
• The interest rate is lower as compared to
  personal loans. So, you can save a lot of money
  in easy gold loan.
• A gold loan is a secured loan
• Very less processing fees
• Instantly processed after verification of
  documents
• No need to show a credit score
• Documents Required for Gold Loan
• Identity Proof PAN card, Driving License, ID
  card Aadhar card, etc.
• Address Proof Water bill, Electricity bill, PAN
  card, Driving License, ID card Aadhar card, etc.
• Passport size photos

3

• How to Repay Gold Loan
• Interest and the principal amount are paid in
  equal monthly installments.
• Pay the interest as EMI and the principal amount
  in full later
• Divide the principal amount and interest
  according to the need of the borrower.
• Eligibility for Gold Loan
• The borrower must be a resident of India.
• The minimum age of the borrower must be 18 years.
• Possess the all required documents.
• Visit the website of the lender. There are so
  many lender who provide gold loan in uttam nager,
  delhi. Compare the requirements of each according
  to your suitability,
• Conclusion
• In case of unforeseen circumstances, a gold loan
  is the best option. You must pledge your gold but
  your gold remains safe. You must pay the amount
  on time to get the maximum benefits.