Introduction
A gold loan is a popular product in India. It is a convenient and easy way to get a loan. However, it’s not that easy to find reliable lenders. You need to do your homework before availing of this loan product so that you don’t end up losing money by defaulting on payments or incurring late fees due to delayed payment cycles. In this article, we will discuss some basic things which should be considered before taking a gold loan so that you don't end up paying more than what was initially promised!

Getting a gold loan rate per gram of your gold at the lowest interest of gold loans is another story compared to the punctual repayment of the loan. A leveraged credit that the consumer obtains from a financial lender, such as a bank or non-banking financial company, on an agreement to repay the gold loan rate per gram along with the interest of gold loan, by pledging their gold items as collateral is known as a loan over your gold treasures.