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…
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,…
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…
Have an urgent need for cash but have a low credit score? Try for a gold loan. If you have a sufficient amount of gold lying in lockers, you can use it to get a gold loan. Contrary to unsecured loans, the gold loan has lenient eligibility criteria and lower interest rates. Anyone can apply…
A gold loan, also known as a loan against gold, is a secured loan that lending institutions extend to borrowers with an aim to help them meet their immediate financial requirements. In return of the loan amount, borrowers pledge their gold articles as collateral with a promise to repay the loan amount along with the…
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…
People when stuck in a financial emergency tend to apply for personal loans. These loans are tailor-made to support your sudden financial crunch. However, its high interest rate makes it quite stressful on the pocket. Moreover, what if you are not eligible for personal loan? Or what if the loan amount you need is much…
Indians’ affinity for gold is known to the world. It is one of the largest importers of gold. In India, gold is usually kept in the form of jewellery. Indians not only buy them as an ornament but also as an investment, which they can use anytime to fund their urgent cash requirements. Whether there…
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