{"id":2021,"date":"2022-02-04T05:10:34","date_gmt":"2022-02-04T05:10:34","guid":{"rendered":"https:\/\/bioswikis.net\/?p=2021"},"modified":"2023-07-21T13:13:51","modified_gmt":"2023-07-21T07:43:51","slug":"how-to-choose-the-best-bank-for-an-easy-gold-loan-process","status":"publish","type":"post","link":"https:\/\/bioswikis.net\/how-to-choose-the-best-bank-for-an-easy-gold-loan-process\/","title":{"rendered":"How to choose the best bank for an easy gold loan process"},"content":{"rendered":"

The past two years have seen a major upheaval in the employment space, with the pandemic throwing companies and brands off course. The silver lining in all this is the fact that it is short term and we can find a solution around it. However, this has created the need for short-term cash requirements. If you\u2019re looking for short term cash options, a gold loan is something you should consider.\u00a0<\/span><\/p>\n

Gold loans are the loans taken from banks with your personal gold jewellery or coins* (*as approved by RBI) as collateral. The loan amount provided is a percentage of the value of gold pledged and is extremely effective in the short run to give you some liquidity. The purpose of this loan is usually agricultural or small business-related, but it can also be used for personal and everyday expenses.<\/span><\/p>\n

Before you opt for a gold loan, here are some things you need to know:<\/span><\/p>\n

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  1. Banks don\u2019t consider gold bars for gold loans. Only gold ornaments and coins qualify for a quick gold loan.<\/span><\/li>\n
  2. The gold being pledged needs to be a minimum of 18 karats to be considered.<\/span><\/li>\n
  3. The loan provided is typically up to 80% of the value of gold being pledged and it depends on the market value of the ornaments and their quality.<\/span><\/li>\n
  4. Gold loans is a better\u00a0 short term option to give you some immediate cash in hand and settle your day-to-day financial difficulties.<\/span><\/li>\n<\/ol>\n

    Karnataka Bank is renowned in the financial industry for providing <\/span>easy gold loan<\/span><\/a> options and has a personalised understanding of your needs depending on your financial background. Karnataka Bank provides you with\u00a0 a range of customisable financial products and services that are best\u00a0 in the industry. Backed by the optimal combination of technology and people skills, the bank strives to forge long-term relationships with each of its customers.<\/span><\/p>\n

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    Easy gold loan processes with Karnataka Bank<\/b><\/p>\n

    The loan is provided for a period of 6 to 12 months, making it a viable short term option. When you\u2019re looking for a good bank to apply for a gold loan, you should look at the following criteria.<\/span><\/p>\n