We all love gold jewellery, be it simple, elegant, or grand. While we love to wear them with a grand outfit, they are also helpful during financial distress. They are a precious asset that helps us to achieve our dream, sustain during crisis, etc.

Gold loan is a secured loan provided against gold jewellery as a guarantee. The jewellery may range from a necklace to plain coins. You can deposit your gold with a bank or NBFC, get the loan amount, and when you repay it with complete interest, you can take the gold jewellery. Apart from mortgage loans, these are the best ones as they have short processing time, low-interest rate, and tenure can be short or long.