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Planning To Opt For A Gold Loan? Here Are A Few Things To Consider Before Making A Decision

A loan against gold, a tangible asset, preferred over a personal loan as it offers a lower interest rate.
A loan against gold, a tangible asset, preferred over a personal loan as it offers a lower interest rate.
The pandemic and the resultant lockdown impacted every household's income, leading to a sense of financial instability. To cope with this uncertainty, most people have no choice but to pull out their savings or take loans. They have mainly two loan options — personal and gold — to meet urgent financial needs, and borrowers can decide which of the two suits them depending on their features. The rate of interest on gold loans is marked...
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