| What are the repayment options available for loan against gold? |
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| Written by Site Administrator |
| Wednesday, 28 October 2009 10:46 |
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As it your own asset that you pledged with the bank, you are given the flexibility of paying the amount at your convenience during the on year period. You can choose pay through electronic clearance (ECS) on an equated monthly installment or through post-dated cheques. Late payments, and defaulted payments during the period of the loan do not attract any fine. Only, the interest is compounded if you don’t repay regular monthly installments. You are free to pay all the amount at once at the end of the year along with the interest and reclaim your Gold. Comments (0) |