Loan against Gold ?

[richi1]

Hi,

Can any please assist me whether loan against gold would be beneficial ? Should i keep gold in fixed deposit and then take loan on it ?. Please provide a live sample on per 10/gm, the lowest interest on loan and best bank with can provide.

Thanks,
Rahul

 

[ganeshams]

All Nationalized bank Provide gold loan 50-60% current rate. if you show any agricultur Land documents interest will be 6-8% PA

 

[Ritesh2014]

Is it really worth having gold loan?

 

[gibl]

I think you should think twice about this.It is a bit risky game if not executed properly.