The Best Place for a Smooth Gold Loan Process

 


Indians are popular all across the world for their love for gold. Gold is considered to hold a significant value and it is a source of potential capital appreciation in the future. Gold can be used as an asset to get emergency funds. Whenever you face a situation that needs urgent cash, turn to Swiftloans. It is the best gold loan bank for anyone who needs emergency cash. 

Why gold loans?

There are multiple reasons why obtain gold loans in case of any emergency cash requirements. Some of the main advantages are listed below.

●        The processing time is very quick because gold can be treated as collateral.

●        Rates of interest for gold loans are comparatively lower than other schemes.

●        The processing fee is zero.

●        No income proof is required.

●        Foreclosure charges are minimum.

●        The best golden banks like Swift Loans maintain the complete security of your gold assets.

Loan Interest Rates

Tenure, principal amount and the rate of interest are the three key parameters of gold loans. This may vary depending upon the choice of customer and the EMI applicable on it can vary as well. While selecting a particular loan you must consider these three parameters and calculate your EMI. Equating the amount to your monthly instalment payable will help you in deciding the right choice. 

 

Swiftloans comes up with an EMI loan calculator that will help you calculate the monthly e some according to gold loan interest rates 2021. 

The mathematical formula of calculating EMI is: EMI = [P x R x (1+R) ^N]/[(1+R) ^ (N-1)]

P is the principal amount, R is the interest rate and N is the tenure of repayment or the number of monthly installments.

Contact SwiftLoans and get the best gold loan schemes to get you out of any financial emergency. 

 

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