5 Reasons Why Gold Loan is the Safest Choice-converted

1. 5 Reasons Why Gold Loan is the Safest Choice? A gold loan is a loan in opposition to gold. It is a secured loan taken by the borrower from a lender by pledging their gold as collateral. A loan amount is provided typically up to 80% by some percentage of the gold, based on the current market cost and quality. 1.One might overlook it’s sparkle, but it is quite difficult to ignore the glitters of these gold loans. It is safe to go in for a gold loan because their soaring prices and ever-increasing growth of consumerism, nothing can really bring down its stature even in years to come. 2. Convenience is one of those reasons that one must consider while opting for this alternative. Gold loans are quite in demand as small business owners, borrowers look for ready cash. They are considered to be a great business model that can transcend the barriers of time. 1

2. 3. Another important reason to choose gold loans over other variants of loans at your disposal, is it’s low interest rates. Borrowing against gold as your guarantee is witnessing a sky-rocketing demand because of the lower interest rates, a client has to agree upon, as compared to other retail loans such as those personal loans. Rates for gold loans vary between 10% to 24% per annum as compared to personal loan rates as high as 26% per annum that is dependent on your credit profile. 4. One more factor from interest point of view is that most lenders allow the clients to pay the interest calculated on the loan monthly and the principal amount of payment at the end of the term and not as an equated monthly installment. Even if you fail to pay the loan within a stipulated time period, the lenders will charge you a higher interest rate. 5. If you are an individual with a bad credit score with faint chances of recovery, Gold loan is made for you. It is often suggested to take a gold loan if you don’t have enough resources to pledge. Decisions revolving around money, are never entirely full-proof. But Gold loan proves to be one of those short term decisions that ends up in long term benefits if you grab the right opportunities. Hence, you can completely trust this asset to contribute infinitely in helping you grow financially. Basant India Ltd offers gold loan service at your doorstep. Our service executives will directly disburse the loan at your doorstep, following the latest public health protocol. We need very few documents to sanction loan against gold jewellery. Just carry your ID and Residence proof for KYC requirement. We don’t need guarantor forLoan against gold jewellery. We shall provide you certificate of value of your gold ornaments along with their complete details while accepting as security. We assure you that there is no threat to your jewellery pledged with us. 2

3. THANKS A MILLION 912, Indra Praksh Building, 21- Barakhamba Road, New Delhi 110001 Call us at: 011-40078601 /2/3/4/5, 9289905548 E-mail us at: basant.indiaa@gmail.com For more visit: https://www.basantfinance.com 3

4. 4