Aparna Ramachandra advises on navigating the complexities of gold loans, including interest rate comparisons, repayment strategies, and the significance of assessing lenders’ credibility and grievance redressal mechanisms for a secure borrowing experience. Ramachandra points out: “If you choose to go to an NBFC, please remember that while your turnaround time is faster, the ability to get the loan is easier, you will end up paying maybe a higher rate of interest compared to a bank.”
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