Having navigated through the challenges posed by the pandemic, everyone is now well aware of the sudden financial crisis situation. These situations arrive unexpected, without any notice hence called as emergencies. It is always prudent to be proactively prepared for such unforeseen situations with the available resources, and overcome without enduring significant harm. Financial emergencies may arise due to urgent medical needs, demanding quick access to funds, or less pressing matters like seizing a business expansion opportunity or meeting higher studies educational expenses. Regardless of the immediacy, both situations require funds that surpass current reach and available resources.
The rationale behind our ancestors consistently allocating a portion of their earnings to gold was twofold: it served as both an investment and a safety net during potential financial downturns. This principle remains valid to this day, and the subsequent points underscore why a gold loan stands out as the most advantageous form of credit.
Hassle-free process: Taking a gold loan is absolutely hassle-free. It has least documentation and does not require income proof, credit score etc. like for other loans. A gold loan is easy and quick.
Instant: The gold loan is instant. Once the valuation is done the disbursal is immediate. The gold loans are easy to apply, and have quick disbursals too.
No Credit Score: Since the borrower is submitting gold as collateral no other documentation is needed. In fact, gold loan is the best option for the borrowers with lower credit score.
Lesser Charges: Gold loans do not have pre-payment charges and incur least processing fees, hence are always cheaper than other loans.
Large Loan Amount: Unlike other loans where the documentation and processing is directly proportionate to the loan value, gold loan is quickest to arrange large funds required for any business investment or medical emergency. Lender can sanction maximum amount basis gold’s market value.
Repayment Customization: The repayment of gold loan can be tailored to suit the borrower’s convenience. The lenders have multiple schemes to match every borrower’s need.
Safest: Once the borrower has repaid the loan, the gold pledged is returned.
No Purpose Restriction: The gold loan comes with no purpose restriction. The borrower is free to use it for business or leisure.
In today’s digital landscape, the gold loan has evolved into a remarkably convenient option. The days of considering it a conventional transaction method, requiring borrowers to physically visit branches for tasks like loan disbursement, application, interest payment, loan closure, and securing pledged assets, are long gone. Many gold loan providers extend doorstep services, allowing borrowers to complete the entire process comfortably from home in just 30 minutes. Embrace the ease of a gold loan and eliminate worries about unexpected financial challenges.
Arvog is a new-age, AI/ML-powered, customer-centric finance company that makes digital lending quick, efficient, and easy. We see worth in in lending wings to people’s aspirations, hopes and dreams. We believe purpose-driven credit can be a true-life enabler. Arvog is here to lend a helping hand, with affordable loans designed specifically for those who need them the most.
Arvog empowers NBFCs and fintechs with the tools and solutions they need to get fast access to credit, thus building more resilient and confident communities.
