Is Gold Loan a smarter move For Your Emergency Cash crisis? | SahiBandhu
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Is Gold Loan a smarter move For Your Emergency Cash crisis?

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Did you quit your job to start a new business? Or do you need more funds for a child’s higher education? Or do you need to build your dream home? Let’s face the fact that one cannot be prepared for an emergency and making the right decision at such unprecedented times could be tricky.

Here’s why taking the Gold Loan could be the right fit to make a smart move to fulfil your financial needs:

  • Fast approval and disbursal: The process for getting a gold loan is simple, secure, and hassle-free. Get your gold jewellery evaluated, submit basic documents, and get the loan disbursed. Once the document verification is done, the disbursal of the loan against jewellery happens within minutes.
  • Easy eligibility parameters: One of the other benefits of opting for a gold loan is it doesn’t require a strong credit history or any income proof document. Usually, personal or business loans are given based on the credit score of the borrower. While in the gold loan, the loan amount is decided on the market value of gold and not on the monthly income of the borrower.
  • High loan value: A gold loan comes with a high loan-to-value ratio that enables the borrower to avail of longer loan tenure and the highest value. The borrowers can estimate their requirements and then apply for a gold loan. The loan value is offered basis the weight and purity of the jewellery.
  • No end-use restriction: The best part about the gold loan is there is no restriction on the end purpose of the loan. The borrower can utilize the availed funds to meet an array of financial requirements which could be for medical emergencies, educational expenses, relocation, business needs, marriage, etc.
  • Low-interest rates: The interest rates on gold loans are comparatively lower than other types of loans such as personal loans, home loans, business loans, corporate loans, etc. This is one of the important reasons why some prefer the gold loan over any other loan.
  • Repayment flexibility: A gold loan offers flexibility to pay the interest and principal amount as per borrowers’ requirements. SahiBandhu offers flexible repayment options for a gold loan with amazing plans including SahiMax, SahiDelight, and SahiFlexi. Borrowers can select the plan that seamlessly fits their requirements.

Gold loans stand out when it comes to other financial products. Multiple factors make a loan against gold an easy and a go-to option for instant needs.

Don’t wait and think. Call us to take a step closer to your dreams!

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