Many public banks and private banks in India are offering gold loans. We can avail gold loans for our life needs.
Many of non banking financial organizations in India are also offering these loans at low interest rates.
We can apply these loans for our needs like
Business
Investment
Education
Domestic Expenses
And for our other needs
Advantages of Gold loans:
The loans are avail at lowest attractive interest rates that are affordable and suite to individual needs
Generally they needs minimum documentation
Many banking and non-banking firm not collecting documentation / processing fees or charges
Fastest loan disbursal
Loan up to 90% to 95% value of gold
Repayment programme as per our convenience
Some financial and non banking firms in India are offering free accident insurance up to more than 1 lakh for 1 year (this is subject to firm conditions)
Required Documents for Gold Loans:
Generally less documentation is required for gold loaning from banking and non banking financial companies in India
The required documents are,
Identity proof
Address proof
Signature proof
One or two passport size photograph
Good credit record or credit score
So, in this current global inflation situation, recession in India 2012, crisis in European countries 2012, it is better to depends up on gold savings for better future of our life and to pursuing life needs in this current Indian crisis 2012.
http://feeds.feedburner.com/MoneySavingInvestmentIdeas
