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In India, Gold is the precious asset for the people. Everyone likes to buy gold ornaments on every occasion. Most of the people invest in gold. Now-a-days, Demand of gold is rising at a high pace. Sometimes, In life one has to face financial crisis. In that situation, one can easily overcome the fiscal trouble by mortgaging gold to the lender as security. And acquire the cash against it. You can acquire the cash of up to 60% of the value of gold jewellery without excessive documentation. You don’t need to pay the monthly installments. You ought to pay only the interest rate of 10% to 15 % on the loan amount. Once the entire amount is paid off, you will get your ornaments. Placing gold as collateral in the bank helps in decreasing the interest rates. Personal loan comes with a high rate of interest as compared to gold loan. Interest rates vary based on the value and purity of jewellery offered by the borrower. There are various gold loan providers in the market. One has to use the internet to compare the rate of interest offered by several banks and then have to choose the right deal which suits his/her financial status. Manappuram Gold Loan offers are best as it is the flexible scheme with an attractive interest rate. Benefits of gold loan: • No risk of losing personal assets
• No need to submit extra documentation
• Quick approval of cash
• Rate of Interest is lower as compared to other loans
• One can avail the cash against ornaments even with a poor credit rating
• Income structure of a borrower is not considered
The best thing about a gold loan is that one can acquire the cash instantly irrespective of the credit scores. It is the easiest and the feasible solution to all problems regarding cash. One can get the loan with less paper-work. A document required for acquiring gold loan is identification proof. No other extra document is necessary. A borrower must use the Gold Loan Calculator to analyse the monthly installments that he/she needs to pay until the complete loan amount is paid. This will allow one to choose the suitable deal for sanctioning finance against gold items. This calculator is user friendly and gives accurate results within the stipulated time. One has to enter the loan amount, repayment period and interest rate over the funds, and he./she will get the result instantly.
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manapurram gold loan, gold loan calculator,
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