Muthootfinance127 Sep, 2024Finance
The gold loan interest rate is a key element that affects the overall cost of borrowing. This article explains how interest rates impact your gold loan and provides tips on how to manage and reduce these costs.Gold loan interest rates are the percentages charged on the borrowed amount. Since gold loans are secured by collateral, their interest rates are generally lower than those of unsecured personal loans. The interest rate is crucial as it determines your total repayment amount and monthly EMI.
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