Gold has been a favorite in Indian households for centuries. At any given point in time, there are more than 25,000 tons of Gold present in Indian households. This is how we know that Gold is every Indian’s favorite mode of investment.
COVID-19 has harshly affected the Indian economy. This has caused many salaried employees and business persons to lose income and profits. As expenses keep rising in this time, how can they survive?
They can survive with the help of Gold loans. This is one of the safest loan products ever. With Gold loans, you can pledge your gold to the Bank and get a certain loan amount.
Here are some of the features of a Gold loan:
- ● You can get up to 70-75%* of your gold’s value as the loan amount.
- ● After you complete repaying your loan amount, your gold will be given back to you.
- ● You can either repay the loan through fixed monthly EMIs, bullet payment method (pay the full amount in a lump sum), or through upfront interest method (repay full interest first and then pay principal at end of loan tenure).
- ● You can get this loan for a maximum period of 36 months.
- ● Your gold gets maximum safety and security.
How can Gold help Indians post COVID-19 lockdown?
Gold loans are hassle-free loans that can be approved within 1 working day. Yes, you can get this loan amount quickly. With this many people can sort their problems;
- ● Salaried individuals working with low salaries or who have lost their jobs can utilize this loan amount and sort out expenses related to essentials and groceries.
- ● Businessmen who wish to begin their business post lockdown can use the funds from this loan as working capital and run their business smoothly.
- ● Small shop owners can utilize the loan amount for rolling cash and making payments daily. This will help them get back on track.
This is how Gold loans can be helpful for many Indians post unlocking this lockdown. If you wish to apply for the Best Gold loan in India, Apply Here
