5 myths about gold loans busted! Did you know? - Indiagold | Best place to buy gold online
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5 myths about gold loans busted! Did you know?

Myth 1: A personal loans is better than gold loan

Difference between personal loan and gold loan

Not true at all. Gold loans are one of the most affordable & customer friendly forms of loan. They allow only interest payment every month & principal payment at the end of the loan. They offer some of the lowest rate of interest. They allow easy extension of loan. They don’t depend on your income or salary statement. They don’t depend on your credit score. They don’t ask for the reason for taking the gold loan. So if you have gold lying at home or in a locker, gold loans are the best way to get money for your business & personal needs. 

Myth 2: Gold jewellery is melted or cut while taking a gold loan

Gold Loan Melting

indiagold does not damage your gold jewellery in any way to give you a gold loan. That’s our promise. When you take a gold loan from indiagold, your jewellery is not melted at all.

Myth 3: Someone can run away with gold. It might not be safe.

Safety of gold in gold loan

indiagold is a company registered with Govt. of India & has multiple businesses such as Digital Gold, Easy Gold, Gold Loans & Gold Lockers. Our company directors are reputed executives with over 25 years experience each across companies like Airtel, Samsung, Times Group, Paytm & NIIT. Our investors are Promoters & CEOs of companies like of SnapDeal, Boat Electronics, BharatPe, Augmont Gold, Livspace, Smile Group, Cred, Pine Labs & many more. We partner with RBI licensed Banks & NBFCs to offer gold loans at the best rates in the market. We also insure your gold from large & reputed insurance companies New India Assurance. We are trusted by lakhs of customers across India for our Gold Locker, Gold Loans, Digital Gold & Gold Coin products so you can be rest assured that your gold will be safer than it’s ever been.

Myth 4: Your Credit Score should be good to get a gold loan.

Gold Loan Credit Score is not required

Even if you don’t have a credit score or don’t have a good score, indiagold gives you a gold loan.

Myth 5: Jewellery bill is needed to take a gold loan

Jewellery bill for gold loan

To get a gold loan from indiagold, no bill is necessary. Your gold jewellery is assayed in front of your eyes at your home.

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