For those who have bad credit history and those who cannot avail loan cause of their past record now can avail the loan as bad credit history loans have also been made available to citizens. Bad Credit Secured loans hold much advantage to defaulters. Being defaulter you close the option of availing loan from many banks and institutions', but at the same time the new option which is open to individuals is a Bad Credit Secured loans. Now one doesn’t need to get disheartened because of not paying the last loan completely. They can have complete new bad credit secured loans for any purpose like personal or anything.-Gold finance in India is easy to avail through any of the banks of the country. Banks in India are offering Gold Loan at the low rate of interest. One can avail best Gold Loan plans in India at the desired rate of interest as well. Bad Credit Secured loans can be granted only if one provide collateral security to it. The asset is calculated in terms of market value and the loan is granted. The collateral security is deposited to not allow you to be defaulter again, for any default in payment the bank can sell off asset to recover the loan. Collateral can be gold, automobile, stocks etc... The rate of interest rate is same for the entire period of the loan, which secures the creditor from fluctuations in the market. Gold loan can also be availed through online websites. Advantages • Loan against gold is cheaper and better than personal loans as the former is available at the lowest interest rates. In contrast, the interest rates on personal loans are not standardized and can vary from bank to bank. • Being a secured loan, the risk of default and credit losses is less on this Loan as compared to other loan. •On gold loan, one can get higher loan as compared to a loan against security • The interest rate on gold loan is less as compared to other loan. For example on a loan of 5lakh rupees, there is 13-15% rate of interest whereas the same for gold loan is 11%. • The biggest advantage is that the bank doesn’t ask for a borrowers salary detail, and there are no conditions for a gold loan; any citizen can take a gold loan by keeping the gold as collateral.
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