Marg Techno-Projects Limited is a BSE Listed public limited company originally incorporated under the provisions of Companies Act, 1956 on 15th June, 1993, in the name of MARG FINANCE LIMITED vide Certificate of Incorporation issued by Registrar of Companies, Gujarat.

Gold Loan

A loan is when money is given to another party in exchange for repayment of loan the another party has to pay, principal amount plus interest.There comes many situations when you are in need of urgent cash. In this case you might have one idea to get cash is to apply for a loan.Now a question rises is from where to get a loan and which type of loan will be suitable???
There are various types of loan but for your personal use the type of loan that is preferred is to apply for a personal loan. Apart from personal loan the other best option is of gold loan.

Confused between gold loan and personal loan??? Here is your answer.

Gold loan is a secured loan taken by a borrower from a lender by pledging their gold articles. The loan amount provided on the pledge gold is 80% of the gold based on the market value and quality of the gold. A personal loan is an unsecured loan in which you can borrow an amount of money from a lender for your personal uses and you need to repay the principal amount along with interest at a specific period of time.

Personal loan vary with the lenders in terms of its processing fees, interest rate, repayment terms, etc. It has a fixed end date by which the loan will be paid off. It will reflect your credit report when you apply for credit cards or any other loans. The general criteria to get a personal loan includes your credit report, your age, your fixed monthly income,. Your capability to repay the loan amount, etc. Personal loan have a very high annual interest rate and also have extra processing fees. Earlier repayment is not there in personal loan. You need to pay as per the terms.

Gold loan on the other hand is a great way to meet your sudden money requirements compare to the personal loan. you can repay it in the monthly installment after which you will get your pledge Gold articles back. There are no restrictions on the end use of gold loans. Anyone who has a gold can apply for a gold loan. You don’t even need to have a good credit score to get a gold loan. The annual interest rate on the gold loan is very low compared to the personal loan. It doesn’t have any processing fees. You can only pay interest every month and repay of the principal amount is at end of the loan tenure. So if you have gold and you are in need of urgent cash then you should apply for a gold loan rather than personal loan.


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