- Gold Loan Sambalpur
- Why Gold Loan
- Gold Loan Documents
- Gold Loan Eligibility
- Terms And Conditions
Gold Loan Sambalpur
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 and the repayment period can vary from one month to a few years.
About Sambalpur
Sambalpur is a city in the eastern state of India, Orissa. It is situated on the banks of Mahanadi river. The city contains many famous temples,historic buildings, and parks. The world famous Hirakud Dam built across the Mahanadi River, about 15 km from Sambalpur in 1956 is a major tourist attraction. The city is also famous for the premier educational institutions like Sambalpur University, Veer Surendra Sai Institute of Medical Sciences and Research (VIMSAR), Veer Surendra Sai University of Technology (VSSUT), Gangadhar Meher University, IIM Sambalpur and Odisha State Open University (OSOU). When considered in the culture, Sambalpur has the traditional and ancient Sambalpur Lok Mahotsav, Sitalsasthi Carnival that is being celebrated with zeal and vigor in the region.