Gold loans - Quick funds at lower interest rates!

Recent spurt in gold prices has increased the value of the yellow metal further.

Not only is it providing golden returns, but also helping investors to get good mortgage value.

In a high-interest rate regime when all banks are offering loans at a lofty price, rates for loans against gold continues to be cheaper.

Many leading gold loan providers in India are now offering discounted rates along with other additional benefits.

One can now avail a loan up to Rs 1 crore against gold.

They are also offering loan amounts ranging from Rs 1,305 - 2,025 per gram of gold.

Evidently rates offered by gold loans are far cheaper than a personal loan.

Let's compare the interest rates of a personal loan with a gold loan.

Images: Reuters

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