gold loan: Why worry about being gold? Get paid fast! – check before these things to get gold loan check interest rate also

No need to wander anywhere if you suddenly need money urgently. You can borrow money to keep idle gold at home. It is said that this is better than a regular loan from a bank. Some people buy loans with high interest rates. Jewelry credit is better than that.

If you have jewelry you can easily get a gold loan from a bank or other financial institution. It is cheaper than personal loan. In which the risk is low. If you also want to keep gold and borrow it there will be confusion as to which bank to put it in. It is important to know how much interest a jewelry loan has and to act accordingly.

Federal Reserve – 8.50 percent

SBI – 7.30 per cent

Punjab & Sind Bank – 7%

Punjab National Bank – 8.75 per cent

Canara Bank – 7.35 per cent

Bank of India – 7 percent

Bank of Baroda – 9.00 per cent

Bank of Karnataka – 8.49 per cent

IDBI Bank – 7 percent

HDFC Bank – 11 percent

Important things to look for when buying a jewelry loan:

Keep in mind that your gold should not be less than 18 carats before borrowing. This is because many banks do not lend less than 18 carats of gold.

It is mandatory to have Aadhar or Ban card to buy gold loan.

Like ordinary loans, gold is offered in different timeframes. Banks offer gold loans for 3 months to 36 months.

You can try to get gold loans mostly from government banks. Because the interest rate there is low.