Gold Loan in Details [ Updated 2023 ]
A gold loan is a type of loan that is secured by gold jewelry or gold bullion. It is a type of collateral loan, which means that the borrower provides an asset as security for the loan. The lender holds onto the gold while the loan is outstanding, and the borrower is required to pay back the loan, plus interest, within a specified period of time. If the borrower fails to repay the loan, the lender may sell the gold to recover the amount owed. Gold loans are typically offered by banks, financial institutions, and pawn shops, and are often used as a source of short-term financing. They are popular in countries where gold is a traditional store of wealth, such as India and the Middle East.
Chapters
00:00 What is Gold Loan
00:39 Gold loan is personal loan
00:49 Bank does not ask purpose for gold loan
01:11 Age eligibility for gold loan
01:33 Types of gold eligible for loan
01:56 Hallmark is not necessary for taking gold loan
02:18 interest rates variation for gold loan in bank/nbfcs
03:22 maximum quantum of gold loan
04:02 maximum LTV ratio is 75%
04:26 bad credit score person can also get gold loan
05:03 repayment options of gold loan
06:05 benefits of gold loan
07:16 five mistakes to avoid while taking gold loan
08:16 Cons of gold loan
08:40 processing charges
08:46 documents required for gold loan
09:10 Disbursement of gold loan done in saving account
09:23 foreclosure charges
Murari Garg
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“अपना बैंक मैनेजर ” Presenting Video – Gold Loan in Details [ Updated 2023 ] ,
Gold Loan in Details [ Updated 2023 ]
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