Gold is one of the most precious and costly metals in India. Its value in our lives cannot be ignored because every person is attached to it emotionally. However, what is the point of keeping your gold in a closed drawer when it could help you in times of emergency. Taking a loan against your gold can help you to overcome any drastic situation Gold Loan is basically a loan that a borrower gets against gold. In India, several lending institutions, private banks and credit unions are available that provide Gold Loan at low interest rate. Some of the popular lending institutions in India are Muthoot Finance, Manappuram Finance, HDFC Bank etc. The Gold Loan Interest rate is far cheaper than an unsecured loan.
