A gold loan is a secured loan where you pledge your gold jewellery or
ornaments as collateral in exchange for funds. The Brightstar holds the
gold as security and returns it once the loan is fully repaid with interest.
Key Features of Gold Loans:
- Loan Amount: Based on the value of the pledged gold
- Interest Rates: Generally lower than personal loans due to the secured
nature of the loan.
- Repayment Options: Flexible repayment structures such as bullet
payments, EMIs, or interest-only payments.
- Tenure: Short to medium term, usually from a few months to a few years.
- Processing Time: Quick disbursal, often within a few hours.