Posted on Monday October 29th, 2018

Everyone at certain point of life gets stuck in financial emergency and they tend to apply for personal loan. Personal loan is a tailor made financial product that supports your sudden cash crunch. But its higher interest rates and rejection makes it quite stressful option. So a thought of using your accumulated funds can overcome the emergency financial situation. Gold Loan can be an answer for what you are looking for as it will be more profitable. It is a simple secured loan that individuals can avail by keeping their gold jewellery as collateral to the landing banks and NBFC’s. It is an ideal way and quick solution to the short term liquidity issues. When you are in times of urgent money requirement, grab the best offering that’s “How ShubhBank makes you click at Gold Loan“. Being a secured loan, we involve a shorter processing time ranging between 1-3 hours. We charge interest rate on gold loan based on ratio of the loan to the value of your jewellery. It is offered at fixed interest rates and it varies from 10-24% based upon every bank norms. It is an ideal financial solution as it is quick and easy to get when you require cash urgently. Most of the household possess gold as an asset as it is highly liquid and holds great value in market.

They have a highly flexible tenure ranging from few days to few months. The EMI payable may vary depending upon upward and downward revision of gold market prices. We held your ornaments securely till the loan is paid in full. The gold assets are accepted as collateral and the valuation excludes the value of a precious stones or gems in the ornament. You can avail up to 80-85% of the value of gold as the loan amount. We are the one of few that provides our services at your doorstep. The weight, purity and market value of the jewellery is the key criteria that determine how much loan quantum you can avail. The simplicity of obtaining such a loan has increased the market price of the gold and witnessed exponential growth in the last couple of years. Gold is an appreciating investment asset and mainstay for emergency funds for all Indians. So instead of paying higher interest rates on loan against property and personal loan, it is better to put idle gold to use. You just have to mortgage it and when you repay the loan, you get your ornaments back. Every individual either salaried/self-employed or with low income can avail this loan without any difficulty. Even a bad credit history won’t impact your chances of getting a loan.

Gold loan is cheaper for short-term credit seekers as compared to personal loan. Once you have taken a loan, fluctuation in gold prices do not affect your pledged gold in anyway. We do not fuss much about the applicant’s profession or credit score as eligibility criteria. We provide gold loan to anyone between 18-60 years of age availed with gold ornaments as pledge. It is beneficial for all potential borrowers at the time of sudden cash crunch. It does not require as a stack of papers as the documentation is very simple. You just need a signed loan application, passport sized photographs and government approved ID proofs. ShubhBank offers a hassle free loan processing within a few minutes.