A gold loan is a secured loan where you pledge your gold jewellery or ornaments as collateral in exchange for funds. The Anscor Capital holds the gold as security and returns it once the loan is fully repaid with interest.
Key Features of Gold Loans:
- Loan Amount: Based on the value of the pledged gold
- Interest Rates: Generally lower than personal loans due to the secured nature of the loan.
- Repayment Options: Flexible repayment structures such as bullet payments, EMIs, or interest-only payments.
- Tenure: Short to medium term, usually from a few months to a few years.
- Processing Time: Quick disbursal, often within a few hours.