Do you Love to buy Gold Jewels?
Gold prices are always increasing. What about your view about gold. do share your views.
20 Replies
We are able to get gold loan in our unavoidable circumstances. Now I also I got gold loan for personal needs. :)
Nobody can help us . our gold help us for giving money
That is very true! Instead of keeping gold in lockers you might as well take a loan when there is need....I hear that the interest rates too are not very high , especially in companies like Sriram finance and Muthoot...
We are able to get gold loan in our unavoidable circumstances. Now I also I got gold loan for personal needs. :)
Nobody can help us . our gold help us for giving money
That is very true! Instead of keeping gold in lockers you might as well take a loan when there is need....I hear that the interest rates too are not very high , especially in companies like Sriram finance and Muthoot...
I put my jewels in Indian Bank.
We are able to get gold loan in our unavoidable circumstances. Now I also I got gold loan for personal needs. :)
Nobody can help us . our gold help us for giving money
That is very true! Instead of keeping gold in lockers you might as well take a loan when there is need....I hear that the interest rates too are not very high , especially in companies like Sriram finance and Muthoot...
Yeah that's true. When we mortgage gold, the rate of interest is lower than if we simply take loan without mortgaging gold.
We are able to get gold loan in our unavoidable circumstances. Now I also I got gold loan for personal needs. :)
Nobody can help us . our gold help us for giving money
That is very true! Instead of keeping gold in lockers you might as well take a loan when there is need....I hear that the interest rates too are not very high , especially in companies like Sriram finance and Muthoot...
Yeah that's true. When we mortgage gold, the rate of interest is lower than if we simply take loan without mortgaging gold.
can't understand.
can you make it clear?
We are able to get gold loan in our unavoidable circumstances. Now I also I got gold loan for personal needs. :)
Nobody can help us . our gold help us for giving money
That is very true! Instead of keeping gold in lockers you might as well take a loan when there is need....I hear that the interest rates too are not very high , especially in companies like Sriram finance and Muthoot...
Yeah that's true. When we mortgage gold, the rate of interest is lower than if we simply take loan without mortgaging gold.
can't understand.
can you make it clear?
Actually in our place, if somebody wants to take a loan from somebody the rate of interest is 4-5% depending on the amount taken as loan. However, if the person who wants to take the loan mortgage or keep gold ornaments with the person who is giving the loan, then the rate of interest is 3%.
We are able to get gold loan in our unavoidable circumstances. Now I also I got gold loan for personal needs. :)
Nobody can help us . our gold help us for giving money
That is very true! Instead of keeping gold in lockers you might as well take a loan when there is need....I hear that the interest rates too are not very high , especially in companies like Sriram finance and Muthoot...
Yeah that's true. When we mortgage gold, the rate of interest is lower than if we simply take loan without mortgaging gold.
can't understand.
can you make it clear?
Actually in our place, if somebody wants to take a loan from somebody the rate of interest is 4-5% depending on the amount taken as loan. However, if the person who wants to take the loan mortgage or keep gold ornaments with the person who is giving the loan, then the rate of interest is 3%.
That is a very low rate of interest. In most finance companies and banks the interest rate charged is much higher , almost 10 or 11 per cent...
We are able to get gold loan in our unavoidable circumstances. Now I also I got gold loan for personal needs. :)
Nobody can help us . our gold help us for giving money
That is very true! Instead of keeping gold in lockers you might as well take a loan when there is need....I hear that the interest rates too are not very high , especially in companies like Sriram finance and Muthoot...
Yeah that's true. When we mortgage gold, the rate of interest is lower than if we simply take loan without mortgaging gold.
can't understand.
can you make it clear?
Actually in our place, if somebody wants to take a loan from somebody the rate of interest is 4-5% depending on the amount taken as loan. However, if the person who wants to take the loan mortgage or keep gold ornaments with the person who is giving the loan, then the rate of interest is 3%.
That is a very low rate of interest. In most finance companies and banks the interest rate charged is much higher , almost 10 or 11 per cent...
10- 11 per cent??? Wow! that is too much. Here, even the 5% interest is considered high
We are able to get gold loan in our unavoidable circumstances. Now I also I got gold loan for personal needs. :)
Nobody can help us . our gold help us for giving money
That is very true! Instead of keeping gold in lockers you might as well take a loan when there is need....I hear that the interest rates too are not very high , especially in companies like Sriram finance and Muthoot...
Yeah that's true. When we mortgage gold, the rate of interest is lower than if we simply take loan without mortgaging gold.
can't understand.
can you make it clear?
Actually in our place, if somebody wants to take a loan from somebody the rate of interest is 4-5% depending on the amount taken as loan. However, if the person who wants to take the loan mortgage or keep gold ornaments with the person who is giving the loan, then the rate of interest is 3%.
also, agricultural loan for an account will be given to maximum 3 lakhs
But I don't know about this 3%.
Most recently, I did it for 4%
We are able to get gold loan in our unavoidable circumstances. Now I also I got gold loan for personal needs. :)
Nobody can help us . our gold help us for giving money
That is very true! Instead of keeping gold in lockers you might as well take a loan when there is need....I hear that the interest rates too are not very high , especially in companies like Sriram finance and Muthoot...
Yeah that's true. When we mortgage gold, the rate of interest is lower than if we simply take loan without mortgaging gold.
can't understand.
can you make it clear?
Actually in our place, if somebody wants to take a loan from somebody the rate of interest is 4-5% depending on the amount taken as loan. However, if the person who wants to take the loan mortgage or keep gold ornaments with the person who is giving the loan, then the rate of interest is 3%.
also, agricultural loan for an account will be given to maximum 3 lakhs
But I don't know about this 3%.
Most recently, I did it for 4%
Actually I wanted to ask you about agriculture loan. What is that? Do you get loan after mortgaging the agricultural land or you get loan for buying agricultural inputs?
We are able to get gold loan in our unavoidable circumstances. Now I also I got gold loan for personal needs. :)
Nobody can help us . our gold help us for giving money
That is very true! Instead of keeping gold in lockers you might as well take a loan when there is need....I hear that the interest rates too are not very high , especially in companies like Sriram finance and Muthoot...
Yeah that's true. When we mortgage gold, the rate of interest is lower than if we simply take loan without mortgaging gold.
can't understand.
can you make it clear?
Actually in our place, if somebody wants to take a loan from somebody the rate of interest is 4-5% depending on the amount taken as loan. However, if the person who wants to take the loan mortgage or keep gold ornaments with the person who is giving the loan, then the rate of interest is 3%.
also, agricultural loan for an account will be given to maximum 3 lakhs
But I don't know about this 3%.
Most recently, I did it for 4%
Actually I wanted to ask you about agriculture loan. What is that? Do you get loan after mortgaging the agricultural land or you get loan for buying agricultural inputs?
got on the basis of agricultural land
We are able to get gold loan in our unavoidable circumstances. Now I also I got gold loan for personal needs. :)
Nobody can help us . our gold help us for giving money
That is very true! Instead of keeping gold in lockers you might as well take a loan when there is need....I hear that the interest rates too are not very high , especially in companies like Sriram finance and Muthoot...
Yeah that's true. When we mortgage gold, the rate of interest is lower than if we simply take loan without mortgaging gold.
can't understand.
can you make it clear?
Actually in our place, if somebody wants to take a loan from somebody the rate of interest is 4-5% depending on the amount taken as loan. However, if the person who wants to take the loan mortgage or keep gold ornaments with the person who is giving the loan, then the rate of interest is 3%.
That is a very low rate of interest. In most finance companies and banks the interest rate charged is much higher , almost 10 or 11 per cent...
10- 11 per cent??? Wow! that is too much. Here, even the 5% interest is considered high
55 and less that you are referring to must be with private firms , but banks charge quite high ,so also gold financing firms.Last year ,one of my colleagues borrowed from SBI at a rate of 10.3% ...the interest does add up to quite a bit if not paid regularly since it gets compounded !
We are able to get gold loan in our unavoidable circumstances. Now I also I got gold loan for personal needs. :)
Nobody can help us . our gold help us for giving money
That is very true! Instead of keeping gold in lockers you might as well take a loan when there is need....I hear that the interest rates too are not very high , especially in companies like Sriram finance and Muthoot...
Yeah that's true. When we mortgage gold, the rate of interest is lower than if we simply take loan without mortgaging gold.
can't understand.
can you make it clear?
Actually in our place, if somebody wants to take a loan from somebody the rate of interest is 4-5% depending on the amount taken as loan. However, if the person who wants to take the loan mortgage or keep gold ornaments with the person who is giving the loan, then the rate of interest is 3%.
That is a very low rate of interest. In most finance companies and banks the interest rate charged is much higher , almost 10 or 11 per cent...
10- 11 per cent??? Wow! that is too much. Here, even the 5% interest is considered high
55 and less that you are referring to must be with private firms , but banks charge quite high ,so also gold financing firms.Last year ,one of my colleagues borrowed from SBI at a rate of 10.3% ...the interest does add up to quite a bit if not paid regularly since it gets compounded !
Actually I was mentioning the case with private money lenders. The interest is simple interest and calculated in terms of monthly rate but I think you were referring to annual rate of interest. Right??
We are able to get gold loan in our unavoidable circumstances. Now I also I got gold loan for personal needs. :)
Nobody can help us . our gold help us for giving money
That is very true! Instead of keeping gold in lockers you might as well take a loan when there is need....I hear that the interest rates too are not very high , especially in companies like Sriram finance and Muthoot...
Yeah that's true. When we mortgage gold, the rate of interest is lower than if we simply take loan without mortgaging gold.
can't understand.
can you make it clear?
Actually in our place, if somebody wants to take a loan from somebody the rate of interest is 4-5% depending on the amount taken as loan. However, if the person who wants to take the loan mortgage or keep gold ornaments with the person who is giving the loan, then the rate of interest is 3%.
That is a very low rate of interest. In most finance companies and banks the interest rate charged is much higher , almost 10 or 11 per cent...
10- 11 per cent??? Wow! that is too much. Here, even the 5% interest is considered high
55 and less that you are referring to must be with private firms , but banks charge quite high ,so also gold financing firms.Last year ,one of my colleagues borrowed from SBI at a rate of 10.3% ...the interest does add up to quite a bit if not paid regularly since it gets compounded !
Actually I was mentioning the case with private money lenders. The interest is simple interest and calculated in terms of monthly rate but I think you were referring to annual rate of interest. Right??
Yes jabeen, when it is 5% per month it becomes a really huge amount , the rate banks charge is annual and 10% is not too much.I think a 5% per month interest rate would come to nearly 65% per anum..
We are able to get gold loan in our unavoidable circumstances. Now I also I got gold loan for personal needs. :)
Nobody can help us . our gold help us for giving money
That is very true! Instead of keeping gold in lockers you might as well take a loan when there is need....I hear that the interest rates too are not very high , especially in companies like Sriram finance and Muthoot...
Yeah that's true. When we mortgage gold, the rate of interest is lower than if we simply take loan without mortgaging gold.
can't understand.
can you make it clear?
Actually in our place, if somebody wants to take a loan from somebody the rate of interest is 4-5% depending on the amount taken as loan. However, if the person who wants to take the loan mortgage or keep gold ornaments with the person who is giving the loan, then the rate of interest is 3%.
3% per month is too much, in our area private parties provide loan against gold % 1.5 to 2% per month but the banks provide on much lower rates however such loans are mostly taken by lower or lower middle classes mostly and they are not much aware of this facility.
Topic Author
S
Sagayamary
@Sagayamary
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Created
Saturday, 04 August 2012 21:01
Last Updated
Tuesday, 30 November -0001 00:00
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