Use your Gold jewellery for an Instant Loan Smart ways to use your gold jewellery for an instant loan. Gold is considered a symbol of prosperity and wealth, and it always has a place in the hearts and homes of Indians. Possession of gold represents the cultural legacy, social status, and financial security. Gold's value has been appreciated for decades as a universally accepted commodity. India accounted for an estimated 23% of the global gold demand between 2009 and 2018. According to a survey by the India Gold Policy Centre (IGPC), weddings were the primary reason for buying gold in India. Many are emotionally attached to gold jewellery and rarely sell the jewellery to meet an immediate financial need. Instead, they borrow money by pledging gold ornaments. How to apply for an instant loan against jewellery with minimum documentation?
Find a reputed gold loan company: The first step is finding a reputable financial institution with a good track record. Banks and NBFCs are the primary sources of gold loans. You should approach a lender who can provide insurance and security for the gold ornaments. ONE Muthoot, one of the leading NBFCs in India, has a legacy of 135 years in serving gold loan customers. ONE Muthoot offers unparalleled convenience of gold loans from the comfort of your home. The gold jewellery you pledge with us is always insured for an added layer of security.
Get quick approval and instant cash for your gold: Any Indian above 18 can get an instant loan against jewellery with minimum documentation. The gold loan approval is a quick process. At ONE Muthoot, we disburse the loan amount quickly after verifying the documents and evaluating the purity of the gold jewellery. We offer maximum Loan-to-Value in the market