Beyond its cultural importance, using gold as collateral is a practical and accessible financial option. Gold loans featuring various repayment plans and competitive interest rates address a range of financial requirements, providing a secure and straightforward borrowing experience.
The amount you can borrow is based on a percentage of the gold's value, which is tied to market prices. As gold prices rise, the loan amount increases, allowing you to borrow more against the same amount of gold. Conversely, when gold prices decrease, the borrowing limit is reduced.
Keeping an eye on these rates can help optimise borrowing based on current valuations. At Bajaj Markets, you can compare gold loans from multiple partners and apply for a loan online.
