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In cases of any financial emergency, what do you think you will do? Either visit a bank and apply for a personal loan, any emergency loan, etc. with most probably high-interest rates Or bring your gold into use kept in your lockers, a gold loan needs gold to be pledged as collateral which can be your gold jewelry, gold coins issued by banks, etc. This loan is preferable as their repayment choices are more flexible than personal loans. So, in this article, we will discuss the meaning of the gold loan, why they are better than others, and how it works, along with a list of gold reserves in India and many more. Let’s get started.
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about 2 years ago