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Gold loan should be your last resort. Aparna Ramachandra explains why
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."