A gold loan, or a loan against gold, is a secured loan where you pledge your gold items, like jewellery, coins, or bars, as collateral. The process involves evaluating your gold’s purity and weight, after which lenders offer up to 75% of its market value. Once approved, you could hand over the gold and receive the loan amount, that could be used for various purposes. Gold loans are popular due to lower interest rates, quick processing, and versatility. Ensure timely repayment to retrieve your precious gold safely.
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