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A gold loan is a secured loan where borrowers can use their gold jewelry or coins as collateral to obtain financing from a lender. Gold loans are popular due to their quick approval process and lower interest rates compared to unsecured loans. The loan amount is typically a percentage of the gold's market value, and borrowers can repay the loan over a fixed term.
Valid appraisal required
Ownership documents needed.
Specific percentage limits apply
Income verification required.
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