Gold loans are handy when you need money urgently
Typically, lenders give up to 75 per cent of the value of the gold as a loan after checking its purity, weight and market price
A gold loan can, in many situations, be a better option than a personal loan due to its quick processing time and minimal documentation
Many lenders don't even check credit bureau score or ask for proof of income
Some non-banking financial companies (NBFCs) primarily focus on gold loans, and such lenders offer higher valuation (higher gold loan per gram)
Opt for an NBFC if you are look.....