Loan against gold is a very simple concept. By pledging your gold ornaments, coins, biscuits, bars etc. the lender provides you with liquidity at a predetermined rate of interest.

When a customer pledges gold (including jewelry, ornaments and bank-issued coins) as collateral for taking a loan, it is known as a gold loan. Gold Loan Interest Rate is quite affordable and less in comparison to other services like a personal loan and home loan. Moreover, the process is very simple and hassle-free. After the loan is repaid by the applicant, the bank returns the gold ornaments to the customer in the same shape.