India, Dec. 8 -- NewsVoir

Pune (Maharashtra) [India], December 8: When financial needs arise, whether it is a medical emergency, higher education, or any other expense, a gold loan can be a convenient and reliable solution. What makes this option even more appealing is the prospect of securing one at low interest rates.

At the core of gold loans is the interest rate, which is an important factor that significantly impacts the overall cost of borrowing. Bajaj Finserv Gold Loan offers loans starting from Rs. 5,000 up to Rs. 2 crore, against 18-22 karat gold jewellery, with gold loan interest rates starting at just 9.50%* per annum.

Factors influencing gold loan interest rates

The gold loan interest rate can vary based on several factors...