Choosing the best Gold Loan Company

1. Choosing the best Gold Loan Company Having gold in India has always been considered a source of financial stability as well as symbol of power and status. People in India are always keen to buy gold and increase their gold collection as and when they get extra money. Most of the gold remains an idle asset and locked either in lockers at home or banks. Only in rare cases of financial crunch or emergencies, this idle asset is used for raising money to be used for the financial needs. Gold as an investment instrument In financial hardships or constrains, majority of Indians have been banking upon loans or mortgage. Of late, gold apart from being a precious ornamental metal has emerged as a popular investment instrument in India. For your financial needs, although you can avail the facility of borrowing money from some moneylender or get personal loan from bank yet when it comes to borrowing money at lesser interest rates and with many other benefits; a gold loan is far more beneficial and advantageous. Gold loan i.e. a loan against gold ornaments can be easily pledged as collateral with nationalized or government approved private banks besides gold loan companies recognized by Reserve Bank of India (RBI).

2. Advantages of gold loans When you take gold loan, your otherwise idle gold can open new avenues for investments and help you come out of financial meltdown or financial turmoil. Gold loans can help you invest for buying new house or renovations of old house, on your children’s education, for health and medical emergencies besides various other business and personal exigencies and more. Moreover, your gold remains perfectly secure in the confines of banks or in the lockers of gold loan companies than your homes. Gold loan procedure Getting gold loans from gold loan companies i.e. NBFCs or banks is far easier and more economical than getting personal loans. You may apply for gold loan online as well as offline. In both cases, your gold can be evaluated by the designated employees of the financial institution chosen by you at your home as well. Before accepting your loan application, lenders evaluate the purity and weight of the gold pledged. You are methodically briefed about the procedure of granting gold loan, interest rates levied on gold loan and gold loan tenure besides repayment procedure.

3. When you chose one of the most professional and trusted gold loan companies like Rupeek Fintech Pvt. Ltd., you will be granted gold loan as per the current prevailing rates of gold in the markets. This is precisely done with the help of easy to use software referred as gold loan calculator designed to help find out your eligibility for gold loan and the approved loan amount against the gold. Gold loan EMI calculator will also describe you the applicable interest rates, EMI amount and the number of EMIs to be paid towards the gold loan for the tenure of loan taken by you. When you need to get gold loan, you may rely on professional expertise and trustworthiness of Rupeek Fintech Pvt. Ltd. An established company Rupeek offers the best deals on gold loans. Rupeek Fintech Pvt Ltd. https://rupeek.com