Need emergency money now? Gold loans are quick, easy and low-cost

Borrowers can also choose from different repayment options depending on cash flows

• Gold loans are handy when you need money urgently
• Typically, lenders give up to 75 per cent of the value of the gold as a loan after checking its purity, weight and market price
• A gold loan can, in many situations, be a better option than a personal loan due to its quick processing time and minimal documentation
• Many lenders don't even check credit bureau score or ask for proof of income
• Some non-banking financial companies (NBFCs) primarily focus on gold loans, and such lenders offer higher valuation (higher gold loan per gram)
• Opt for an NBFC if you are looking for a higher loan