Discussions

A gold loan is a secured borrowing option. You give your existing gold jewelry or ornaments to a lender in exchange for cash.
Purpose: It helps cover immediate expenses like medical bills, education fees, business needs, or emergencies.
Advantage: You keep ownership of the gold; it is returned once you repay the loan and interest.
Interest Rate: The rate is usually lower than unsecured loans since the gold acts as collateral.

2. How It Works
   Valuation of Gold
   The lender checks your gold for:

• Purity level (karat value)
• Net gold weight (excluding stones or other metals)
• Current market price
  Loan Amount
  You’re offered a loan that typically covers a portion of the gold’s value, often up to 75% to 90%, depending on the lender's policy and RBI rules.
  Receiving Funds
  After you agree to the terms, the amount is provided to you through bank transfer or cash.
  Repayment
  You repay the borrowed amount plus interest according to the agreed repayment plan.
  Return of Gold
  Once you have fully repaid, the pledged gold is given back to you.
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