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A gold loan is a secured loan wherein the borrower keeps their gold, ranging from 18K to 24K, with a bank or a financial institution as security and avails capital against it.
There are times when you may have to arrange a certain sum of money urgently. In such emergency situations, you may not have the required amount of money at your disposal, and the next paycheque might not be around the corner. For such urgent situations, certain loan products are designed to give you just the financial boost you require to meet those unforeseen expenses. Personal loans and gold loans are two of the most popular loan products.
Gold Loans for a maximum tenure of 1 years.