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India is one of the largest consumers of gold in the world. This precious metal is used for commercial, industrial, and investment purposes, but it can also be used to get a loan. In fact, a loan against gold is one of the fastest ways to access funds when needed. It is a secured loan, and the amount sanctioned to the borrower is generally a certain percentage of the gold’s value. As per the agreement, you pay off the principal amount along with the interest amount and get your gold back.
But, in India, the loan application process is complicated, and the number of scams that occur on a daily basis scares people. However, LocalMakaan is here to take your stress away. On our website, you will find the best gold loan in India.
The following are some options:
On LocalMakaan, we have the finest and most trustworthy gold loan finance companies listed, from private banks to nationalised banks, along with NBFCs (Non – Banking Finance Companies) that offer gold loans at affordable interest rates. Gold loan interest rate comparison is also available, and our professional finance experts will help you find the loan at best rates.
Gold loans are extremely convenient as the eligibility criteria is simple, i.e., any Indian resident, which includes housewives, farmers, salaried professionals, and others with gold are eligible for gold loan. You do not need to have a good credit score or have any other liabilities. Gold loans are quick, secured, and convenient here on LocalMakaan.