Gold Loan is one of the best and safest collaterals for banking institutes. It is equally safe for you as long as you pay your loans on time. The option of Gold Loan is one of the safest decisions you will be making for yourself.
Ahmednagar Merchant's Co-op Bank Ltd bank applies an LTV ratio of 70% and offers the loan at an interest rate of 10%. Banks will take an average price of gold for the last 30 days to estimate the value of the gold to calculate your gold loan eligibility.