Gold loan is a secured loan which is sanctioned by accepting the gold ornaments of the customer as a pledge. It is one of the easiest ways of raising funds as it requires minimum documentation, no income proofs and take less time for disbursal.Also the interest rates are less as compared to personal loans. These loans are used to fulfill short term household requirements. You can stretch the repayment to your convenience, the only thing to do is to service the interest periodically. It is offered by various banking and non banking institutions. If you want funding for short term, then the gold loan is the best option. You can compare, evaluate and select the best suited for you with the help of easyloansindia.com, which is a web portal providing you with the facility to compare various loans online and apply for them. You can choose a gold loan with minimum interest rate and easily get it. This money can be used for education, marriage or any other personal use.
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