Need cash urgently? get a gold loan

If you need cash due to some requirements, in that case, a gold loan can be beneficial to you. Because in the gold loan the amount is provided to you on the security of gold and as per the gram quantity of the gold the amount is measured and provided. But the loan amount provided is lower than the gold gram as collateral security.  

If you need cash

What would you do if you have a very urgent need for money? Either you borrow from any friends or maybe any family member or you take any other loan. To take another loan, you either need to have an existing relationship with some bank or a very high credit score. If not, you may be charged a very high rate of interest. There is also another option that is very quick and very easy and will not put undue strain on your finances. You can take out a very easy gold loan. Most of us have gold in many forms or the other. This could be gold jewelry or some coins. Mostly, we keep it under lock and key at home, or in safe custody in any bank locker. But if you need funds in a very emergency, you can also avail of a gold loan very easily. 

This gold loan may work out very cheaper than any other type of loan since this is a very secured loan. You are also pledging your gold as collateral with some bank and borrowing money against it.

You have to also visit the bank branch (most of the lenders offer home visits) along with your gold, KYC documents, and some kind of residential proof. The bank always evaluates the value of the gold and always offers a very certain amount as a gold loan against it. The amount is then transferred to your account easily, and the gold is kept with the bank in very safe custody. 

Gold loan per gram rate

Gold loan per gram gives you an estimate of the amount of this loan you can easily get against your gold jewelry. You will get a gold loan based on the purity and this gold price of your jewelry adjusted for this kind of loan to value ratio. As per the very latest gold prices, their gold price is very low if any person is comparing to any other type of loan this loan is very secured and very safe.

IDBI Bank Gold Loan

This IDBI Bank Gold loan always offers an Agricultural Finance Gold Loan which, as the name suggests, is a loan against this gold for many purposes of meeting very immediate agricultural or allied requirements. The gold loan amount easily availed against the gold pledged by the borrower can be used for meeting social obligations and many types of medical needs. This gold loan is always offered to traders, very small businesses, and distributors to finance their business processes.

Also read this: Few important factors that affect gold prices