Loan against Gold ?

[richi1]

Hi,

Can any please assist me whether loan against gold would be beneficial ? Should i keep gold in fixed deposit and then take loan on it ?. Please provide a live sample on per 10/gm, the lowest interest on loan and best bank with can provide.

Thanks,
Rahul

 

[ganeshams]

All Nationalized bank Provide gold loan 50-60% current rate. if you show any agricultur Land documents interest will be 6-8% PA

 

[Ritesh2014]

Is it really worth having gold loan?

 

[gibl]

I think you should think twice about this.It is a bit risky game if not executed properly.

 

[Ravish Sinha]

A loan against gold allows you to borrow money by using your gold jewelry or coins as collateral, typically offering lower interest rates than unsecured loans while providing quick access to funds.