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Loans against sovereign gold bonds may help reduce borrowing cost: Experts

There's a five-year lock-in on SGBs and thereafter you may have to sell them at a discount, hence borrow

Topics
Sovereign gold bonds | loans | interest rate

Bindisha Sarang 



gold
Photo: Bloomberg

If you opt for a personal loan to meet an emergency, you may have to pay an anywhere between 10.5 and 24 per cent.

Interest rates on these have gone up in the current rate hike scenario. One option is to take a loan against an asset, as such, secured carry lower interest costs. One lesser-known option is a loan against (SGB).

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First Published: Thu, September 01 2022. 23:52 IST

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