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Gold Loan Muktsar

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Gold Loan Muktsar

What is Gold Loan?

Gold Loan is a very simple concept and in this type of loan, A customer pledges gold such as jewelry, ornaments etc. as security for taking the loan. This type of loan is useful if you are in need of money for immediate expenses. And also expect to be able to pay it back in the short term. It is cheaper and faster as compared to personal loan. The banker uses the gold as security against latent mortgage default by the customer. The loan that is against gold is a specific percentage of the value of the gold. The gold has been pledged and the loan is sanctioned after analysis of basic documents. The amount is then given to the customer in the form of cash, account transfer or demand draft. These are short-term loans as well as the repayment period can vary from one month to a few years.


About Muktsar

Muktsar is a city located in Punjab, India. Historically, it was known as Khidrana or Khidrane di dhab. The city marks its significance in the history of the nation for the Battle of Muktsar and the post-battle of Muktsar. As marking it for the Religious importance, the main Gurudwaras of this region includes Gurudwara Tuti Gandi Sahib, Gurudwara Tambu Sahib, Gurudwara Tibbi Sahib etc.

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