India Gold Loan Market

Mahesh Chavan01 Dec, 2023News

A gold loan is a secured loan that uses gold jewellery as collateral. The lender holds the gold jewellery during the life of the loan, which typically lasts for 6 months to 1 year. The loan amount is based on the value of the gold jewellery, and the borrower pays interest on the loan amount. In the event of the borrower failing to meet loan payment obligations, the lender has the authority to take possession of the gold jewellery.