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Financing Travel Adventures with Gold Loans

Is your Goa trip planned a century ago still on hold? The times are passing so fast, and your travel dreams are rusting in the back of your head. The dreams are meant to be turned into real memories, not unfulfilled regrets.

What is the one thing that stops you from booking that flight? Is it money, time, or just laziness? If it’s money, then say no more.

People these days are more focused on investing in experiences rather than in bank accounts. And, there is an easy way to travel to your dream destination without compromising your financial security or stability.

We’ve heard about personal loans and travel loans to fund your travel plans. But what if we tell you there is a better alternative than all those? And it is Gold Loans. We Indians are very much fond of gold as an asset or luxury. Be it a wedding, anniversary, or any other auspicious occasion or celebration, the best choice of gifts for us Indians is Gold. Almost all households must have gold jewelry tucked safely in their cupboards or bank lockers. Although gold is a great asset and increases its value over time, sitting idly at your home or bank lockers will never bring you any kind of interest income. However, it can be used as collateral to get loans by signing up for gold loans.

Why should you opt for gold loans over other alternatives?

Convenience

Gold loans are the easiest and fastest way of availing loan money. You can apply for gold loans online from the comfort of your home, and the money will be disbursed to your bank account within a few hours. Additionally, they only require minimal documentation.

Bare minimum eligibility

Unlike other loans, you don’t need a job or a minimum amount of salary to apply for the loan. All you need is gold. And considering the quality of your gold, the amount is received accordingly.

No credit history required

That’s a huge relief for many borrowers. Even if you have very poor credit with low income, if you have gold, you can fund it for your financial needs. This feature sets the gold loan apart from others.

Low interest rates

Another interesting feature about gold loans is that they’re very affordable with only very low fixed interest rates starting as low as 8% p.a. They have the lowest interest rates among other personal loans.

Flexible

The repayment methods and tenure terms for gold loans are flexible. You can either opt for monthly EMIs, term repayments or bullet repayments as you may please. More often than not, you can repay easily within the tenure of 6-12 months.

By means of taking a gold loan, you can receive your desired amount as fast as the same day the idea of a destination merely crosses your mind. That way, you can even do last-minute trip planning without taking a huge toll on your bank account balance or your mental health.

However, gold may be an easy financial solution for short-term financial needs for sure, but it’s essential to be financially responsible while taking loans. We can’t stress this enough- always assess your financial situation before taking a loan. Only go for the repayment options that your income or financial situation allows you to.

Also, to have more secure loan terms, it’s important to choose an established trustworthy market leader instead of going for local money lenders.

Karnataka Bank, a century-old bank in India, offers gold loans at affordable rates and flexible terms. With their Gold Loan options, you can get the money disbursed to your account quickly and easily.

It’s time to de-dust your dreams one by one and pack your bags to one destination at a time.

Happy Vacation!

IEMA IEMLabs
IEMA IEMLabshttps://iemlabs.com
IEMLabs is an ISO 27001:2013 and ISO 9001:2015 certified company, we are also a proud member of EC Council, NASSCOM, Data Security Council of India (DSCI), Indian Chamber of Commerce (ICC), U.S. Chamber of Commerce, and Confederation of Indian Industry (CII). The company was established in 2016 with a vision in mind to provide Cyber Security to the digital world and make them Hack Proof. The question is why are we suddenly talking about Cyber Security and all this stuff? With the development of technology, more and more companies are shifting their business to Digital World which is resulting in the increase in Cyber Crimes.
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