What to Know Before Getting a Gold Loan

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2024-10-22 19:56:52

A gold loan is a secured loan where individuals borrow money by pledging their gold ornaments or coins as collateral. The lender bank or institution holds the gold until the borrower repays the loan, and if the borrower defaults, the lender can sell the gold to recover the amount. Here is why people typically take gold loans: · Quick...

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