For borrowers looking for a reliable gold loan provider, it is essential to consider the per gram rate in the market. In that regard, Rupeek’s gold loan is an excellent option. An individual can avail a loan-to-value ratio of 75% on their gold ornaments from Rupeek. Besides this, borrowers can enjoy an extensive range of benefits owing to the company’s customer-first approach. Advantages of Availing a Gold Loan with Rupeek Borrowers can reap the following benefits by opting for Rupeek’s gold loan: Doorstep services: Rupeek’s doorstep services enable you to get instant access to funds from th ..read more

Individuals owning sufficient assets often view secured loans as a way out during emergencies. Advances like gold loans and loans against property are two popular secured borrowing modes owing to no end-use restrictions on utilizing the received funds. Detailed knowledge of each of these loan types is necessary to make the right choice during a crisis. To help you with the same, here is a discourse on gold loan vs loan against property and their individual features. What is a Loan against Property? It is a type of mortgage loan that individuals can avail themselves of by mortgaging property ..read more

Having the latest equipment is imperative for small businesses to generate better sales and accelerate the expansion of operations. However, financing the purchase of advanced machinery can be challenging owing to other expenses, such as wages and rent, among others. To combat this issue and expedite growth, you can opt for a machinery loan or other secured financing options such as a gold loan. What Do Small Businesses Use Machinery Loans for? Here are some ways how small business loans customized for machinery can help enterprises grow: Increase Productivity Improve Product Quality Get Acc ..read more

If you have borrowed or are willing to avail of any loans, you must already know the applicability of credit score, especially for unsecured loans. Most lenders view the CIBIL score as an essential aspect as it reflects an individual’s credit behavior depending on several factors. Among these factors are one’s practices related to gold loans. If you are willing to improve your credit score, know how a gold loan can impact this figure. In case you are wondering why you should maintain a high CIBIL score, you need to know its importance first. How Important Is Your CIBIL Score? The CIBIL score ..read more

Gold is one of the most popular investment modes worldwide, especially in India. Almost every Indian household stores this yellow metal as a symbol of auspiciousness and wealth. This is why collateralising this metal to avail funds makes for the most feasible borrowing mode for most individuals in the country, aiding in the popularity of gold-backed loans. However, borrowing just any amount of loan against gold without an effective repayment plan can burden a borrower’s finances and even result in loan default. In this regard, using a gold loan EMI calculator can be of great help for prospect ..read more

There are several instances where individuals may require external funds to compensate for certain financial shortcomings. There are 2 primary options to resort to in such circumstances: secured loans and unsecured loans. Generally, it is easier to obtain secured loans if an individual already owns the appropriate collateral. Among these, gold loans constitute a popular borrowing option, given their numerous benefits. However, there are several other types of secured loans as well. These include loans against FD and loans against property. Prospective borrowers confused with the availability ..read more

Since gold loans have easy-to-meet eligibility criteria, it wouldn’t be wrong to say that almost anyone can secure funds by pledging their ornaments as collateral. Lenders charge lower interest rates on this credit facility than any other form of unsecured personal loan. Upon repayment, the creditor returns the asset. Precisely due to the asset-backed nature, gold loans have a lower cost of borrowing, which makes them a suitable option for most borrowers.  That said, repaying a gold loan can sometimes become burdensome owing to other financial obligations. So, let’s check out some of the ..read more

Financial institutions can now lend up to 75% of the value of gold ornaments, as per the Reserve Bank of India’s announcement. This high LTV (loan-to-value) ratio is targeted to improve the borrowing capacity of individuals to mitigate their financial exigencies that can throw anyone off guard. The high permissible loan-to-value ratio for loans against gold ornaments is to further aid entrepreneurs and households severely impacted during the COVID-19 pandemic. By pledging the right gold ornaments, individuals can secure a significant loan amount without going through the hassle of selling the ..read more

The term ‘emergency’ signifies situations that occur out of nowhere, and they often require instant solutions. The same can be said about a financial emergency, and in this case, instant solutions are not always easy to come by. In this regard, gold loans stand out among other financial products. The easy availability of this financial product makes it a viable option to meet any monetary exigency. What Makes a Gold Loan the Most Viable Option During an Emergency? Here are some highlights on what makes loan against gold different: ·  Fast approval and disbursal ·  Easy eligibility p ..read more

According to RBI, public sector banks' total gold loan portfolio has surged 59.1% to Rs. 63,770 crore as of September 2021, which was Rs. 40,086 during the same period last year. Thus, it appears that there has been a shift in the trend as Indians are inclining towards gold loans for their funding purposes. Now, if you are planning to resort to a gold loan for any monetary requirement, it is ideal to learn about the per gram rate and other facets of this credit instrument to make an informed decision. What is Per Gram Rate for Gold Loan? Per gram rate of gold represents the value you can get ..read more