Hdfc Gold Loan Interest Schemes
The gold loan, also called a loan against gold, is a secured loan that a borrower takes out from a lender in lieu of gold jewelry. The loan amount that you are approved by the lenders is usually equal to a certain percentage of the value of gold. You can repay it in monthly installments and then get your gold items back. Unlike other secured loans, such as a home or car loan, there are no restrictions on the end use of gold loans. Whether you need to finance a wedding, a family vacation, or your child's education, it's a great way to meet your sudden cash needs. Moreover, many private and government banks as well as NBFCs offer gold loans at affordable interest rates. A few of them are SBI, Axis Banks and HDFC gold loan interest schemes. How does the gold loan work? The entire process of gold loan is very similar to other secured loans. You take your gold items along with the required documents to a lender. The lender evaluates the gold items and reviews the submitted docume...