Gold loans have emerged as an increasingly popular and advantageous choice during such times. The following factors highlight why a gold loan can be a better option in emergencies:Speedy Processing:One of the standout features of gold loans is their expeditious processing. Unlike traditional loans, which often involve lengthy approval procedures, a gold loan typically requires minimal documentation and can be disbursed within hours. Lower Interest Rates:Compared to several other loan options, gold loans typically offer significantly lower interest rates. Read More: 7th Pay Commission: Govt Employees Likely To Get DA Hike Before DiwaliEasy Eligibility:The eligibility criteria for a gold loan are usually quite relaxed.

Source: News 24 October 14, 2023 02:11 UTC