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Gold loan is the mortgage scheme where a person puts gold as collateral and gets money in return. This deal is the most preferred deal in India because each person possesses gold. Gold is the most precious asset and people have sentiments attached to it. It is the metal that can be very helpful in times of emergency. A person can put it as security and avail the scheme of gold loan. Therefore if, you need urgent cash, then Apply For Gold Loan. It is the cheapest way to make money and can be used for any purpose. Gold loan is offered by the variety of banks and companies in India. The rates offered by these vary from each other to lure more and more customers. Manappuram Gold Finance is a deal offered by Manappuram Finance, which a leading firm and offers gold loan at lowest rates. The gold loan is the secured form of loan and the person has to place the gold as collateral. The gold is kept with the lender during the term of the loan. The gold is returned to the customer if the customer pays the whole loan amount. Gold loan involves a little risk of losing the assets as the lender can place the gold for auction in case of non-repayment of loan. Therefore, the person should be confident to pay the loan in given time to get the precious assets back. Features of gold loan: 1. Gold Loan is a cheap way to acquire the cash in times of need. The interest rates offered on gold loan are very low, and it is the most affordable scheme in the market. 2. The money acquired through this deal can be used for any purpose. It can be used to pay fees, for marriage, paying debts, for a medical emergency etc. 3. There is no need of the guarantor or co-signer to avail this loan. 4. It is a safe loan scheme and does not involve any risk. The assets provided by the customer are kept in lockers, and the lender takes full responsibility of these assets. In case of any miss happening, the lender takes the full charge of it. 5. The lender does not charge fees for processing. 6. No penalty is charged to pay the loan before the completion of the term. There are penalties for post-payments. 7. A person who earns nothing can also avail this facility as the lender does not bother about the job of the person.
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