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Gold Loan: Check out banks & NBFCs offering lowest interest rates on Rs 5 lakh loan
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financialexpress.comGold loan is a viable borrowing option during a cash crunch as it can be availed easily by pledging your household gold as a collateral. Additionally, gold loans require less documentation and provide swift disbursal, making it convenient for you to address an emergency financial crisis. Gold loans have also become popular due to increase in platforms other than banks offering loan against the yellow metal. Most financial institutions are forthcoming in providing gold loans as the collateral makes it less risky.
If you are contemplating taking a gold loan, ensure you mortgage your asset with a reputed company or bank. Ultimately, the loan is advanced against your gold, and the security of your asset is paramount.
A gold loan is offered up to
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