| What is Loan against Gold/Property? |
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| Written by Site Administrator |
| Wednesday, 28 October 2009 10:29 |
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The loan offered by banks when you pledge your assets with them is termed as loan against property. By assets, we mean your physical holdings of Gold, yours shares and bonds, your insurance policies, your land/flat or home, etc. In the case of Gold, you must carry your gold to the bank and surrender it to them. They will weigh it in front of your and will give you upto 70% of the market value per gram as loan for all the gold you pledge. Comments (0) |