InvestorQ : Should I go for gold loans from banks or financers like Muthoot?
Anjana Aiyar made post

Should I go for gold loans from banks or financers like Muthoot?

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Arya Nanda answered.
2 years ago
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Does credibility of the lender matter? It does because you are keeping your gold there. The lender will feel secure as he has the gold as security in case if the borrower does not pay back. However, the value of your gold is higher than the loan value and you don’t have any guarantee that you will get the gold back. Before you approach a lender do background checks and know the safety measures taken by the lender to safeguard your assets. Ultimately the gold that you pledge should be in safe hands. So choose a reputed bank regulated by the RBI where you can actually rest assured.

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