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Life is made up of needs, and the person may require instant funds to fulfill them. There are many loan schemes offered in the market, but these may not be helpful every time. The Gold Loan is a quick and hassle free loan which requires minimal documentation. The person just needs to place gold jewelry, coins, bars and biscuits as collateral and can raise funds in just few minutes. Loan against Gold- How does it Work? Gold Loan is a very simple and safe loan scheme. The person puts gold property as security, and the lender provides the liquidity at a predetermined interest rate. The loan is sanctioned after evaluation and inspection of necessary documents and gold property pledged by the applicant. The amount is sanctioned in the form of cash or account transfer. The whole process takes a few minutes, and the person gets the money as soon as possible. It is the fastest loan scheme available in the market. Whom to Approach? Today, there are many banks and firms that offer gold loan to the people at affordable rates. Muthoot Finance is the best gold loan company in India. It offers Muthoot Finance Gold Loan scheme to the people at low interest rates. The person can approach any bank or firm that specializes in loan against gold. There are many lenders in the market and the person can get the list of available lenders on the internet. Key Features • The person can the money up to 80-90% of the market price of gold. • There is no need to sell the gold assets in an emergency. The person can easily raise money in the account through gold loan. • The total loan amount can be paid at any time during the loan period. There are no charges for pre-closing the loan. • It is a short term loan varying from 3 to 12 months. • The person with low income or with no income can also avail this loan. • The Gold Loan Rates are extremely low. The rates offered on gold loan are 13-15% which is the lowest as compared to the other loan schemes in India. There are many people who are emotionally and culturally attached to gold assets and fear to place gold as security. It is seen that people do not think about its value while selling it in an emergency. Gold Loan is a scheme that can be the best option to apply for in times of need. The person gets the assets back after repayment of the loan.
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muthoot finance gold loan, gold loan rates,
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