A gold loan in India is a secured loan which is offered against collateral of gold | gold ornaments. Under such loan, the borrower has to pledge his/her gold | gold ornaments with the bank who lends the funds as gold loan. Gold loans can be a good source of short term cash in case of emergency. Gold Loan is available at lower interest rate than personal loan. The gold loan interest rates offered by banks is around 12% to 15% p.a. whereas the personal loan rates are in the range from 15% to 24% p.a.
A Gold loan in India is offered by several banks at a lower interest rate starting at 12% to 15% p.a. These loans allow you to repay them in maximum of 1 Years. Banks offer the best Home loan schemes and you can repay the loan through easy EMIs.
While opting for gold loan check the interest rates in various banks and select the best offered rate out of them.
2017 December 18 is a bank holiday in Meghalaya due to Death Anniversary Of U SoSo Tham.
2017 December 19 is a bank holiday in Goa due to Goa Liberation Day.
2017 December 21 is a bank holiday in Sikkim due to Losoong/Namsoong.
2017 December 25 is a bank holiday in Andaman And Nicobar Island due to Christmas.