NBFC is not good for mortgage loan against gold borrowers in India. A formal public survey was held by a reputed online financial products information provider company. Earlier gold loan was the easiest option for availing instant cash against the gold ornament. Last year, when the market was stable and per gram gold rates were stable between Rs. 27 thousand to Rs. 30 thousand for 24 carat gold, NBFCs were funding Rs. 2500/- per gram for 22 carat gold. They provided loan for 12 months and some of NBFC loan scheme were funding up to 100 % loan to value of gold.Read More
Gold Loan option helps you to unlock the value of your feelings. Apply for gold loans and get up to 100 %* loan amount on gold value, Now Instant apply faster approval & speedy disbursal in just 5 minutes at low rates anywhere.