Best Gold Loan Companies | Lowest Interest Rates Scheme Kerala | ICL

Why should you choose Gold Loans?

No matter how much we are careful about our finances, there will be many situations in life where taking a gold loan becomes imperative. People who require money these days have a lot of options to choose from. Of all the plethora of choices, Gold loans prove to be the best and safest alternative as they offer flexibility and speedy payment all at once.

What are Gold Loans?

Gold loans are secured loans that a borrower takes from the lender in exchange for gold ornaments and jewellery. A gold loan exists as the best choice for anyone with immediate needs.

Advantages of Choosing Gold Loans

• Short-term money urgencies can be met immediately
• No bank visits
• No need to mortgage gold
• Fund business needs or any other financial crunches

Characteristics of Gold Loan

• Higher Loan Amount: In comparison to personal loans, gold loans have a more significant amount cap. Most banks and financial organisations offer loans up to 40 lakhs. On the other hand, gold loans of up to 5 crores are provided by financial institutions.
• Low-interest Rates: Generally, gold loans have low-interest rates when compared to personal loans. This means that gold loans are less expensive than personal loans. The gold loan rate in Kerala ranges between 14% to 17% for banks and 14% to 26% for NBFCs.
• Flexible Repayment Policies: Gold loans provide a variety of repayment options. The repayment options come in the form of:
• Regular EMIs
• The choice of paying the interest during the loan term and the balance at the end.
• Paying the interest and loan balance after the term when no payments are made in between.

Many banks offer a variety of gold loan schemes to suit the customer's needs and comfort.

Terms & Conditions for Gold Loan

• The customer should be 18-60 years old.
• The jewellery the customer provides must be of a specific karat value and weight. Rates then offered will depend on the gold rates of the day and the present market price.
• The customer must verify his identity by providing an Indian passport, voter ID card, photo credit card with signature, or driving licence issued by the Government of India.
• If one cannot pay the loan within 30 days, then one must provide additional collateral to purchase extra time to repay the loan.

Get Paid in Cash for Your Gold at Low-interest Rates

A gold loan is the most feasible option for anyone who is in urgent need of money. It can be quickly processed and has low-interest rates which is the main reason why many banks advertise themselves to be the best gold loan providers nowadays.

For moer details visit : https://www.iclfincorp.com/services/Gold-Loan

Kerala's No.1 Hotel Management colleges in Kochi,Munnar,Palakkad.Top Hotel Management colleges in Kerala Offers Diploma in hotel management kochi,Catering and Hotel Management,Diploma Catering Technology,Diploma in Food Production kerala,Food Proces