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Five benefits of taking a gold loan
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gold loan is a secured loan taken against physical gold articles like jewellery and is suitable for short-term requirements.
2.It offers a lower interest rate than a personal loan or credit card since gold articles are used as collateral.
3.It enables one to use gold articles, which are idle assets and do not generate any income, to raise funds when one needs money.
4.The Loan can be used for any purpose by the person as the lender does not monitor its end usage.
5.The gold articles are kept very securely with the lender till the loan is paid back.
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