Are you confused between gold loan vs personal loan and want to know which one is better? Both have their advantages when it comes to fulfilling your monetary needs. In this quick post, we will analyze which one is better between gold loan vs personal loan! Read on! Gold loan vs personal loan
2. The processing and disbursal time The processing time of a personal loan is now instant, and it is also on the go for gold loans. Since gold loans are secured, there may be fewer eligibility norms to meet and fewer documents to submit. Hence, its approval may come faster. Personal loans are disbursed within 24 hours*. 3. The repayment tenure The flexible repayment tenure of personal loans could be within 60 months. But for gold loans, it may not be that long. It varies from lenders to lenders and is also dependent on the loan amount that you get. Based on these vital factors, you can decide between gold loan vs personal loan. Both are now two of the most popularly applied financial solutions in India. Bajaj Finserv comes with pre-approved offers on personal loans, EMI network, home loans and more. It can make your loan processing easier and less time-consuming. You may check out your pre-approved loan offers now after sharing your basic details such as your name and mobile number. Additional Read: Gold Loan Vs. Personal Loan Which Is The Right Option
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AuthorAman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management. |