Most households in India have gold articles lying idle in their lockers. But the good news is that they can be put to good use when you need it the most. When in an urgent need for money, you can use your gold articles to fund your immediate financial requirements. Not by selling your gold,…
Even if you have a low credit score, a good amount of gold can help you get out of a financial emergency. Like personal loans, no lending institution has defined the purpose for which gold loan can be used. Whether you have to fund a family vacation abroad, destination wedding, child’s higher education or any…
India is one of the largest consumers of gold in the world. As per the World Gold Council (WGC), the annual gold demand in India from 1987 until 2016 has increased by 804%. And the trend does not seem to die anytime soon. The precious metal other than being used for industrial, commercial and investment…
A loan or credit is a financial help that lenders give to you with a trust of receiving it on time. And a credit score is a reflection of how responsibly you handle your credit payments. So to answer the question, yes, gold loan or credit, in general, influences your credit score. Handling your credit…
Like a top-up home loan, a loan against property (LAP) is a means to raise large funds at low rates. But for a top-up loan, you need to have an ongoing loan. For LAP, your property needs to be free of encumbrances. The interest rates on LAP are slightly higher than top-up loans. There is…
