Everything about Education/Student Loan

 “A process of drawing out from within”, education is always important for any individual to foray in life and achieve his endeavours. But with increasing competition and increased cost of education, some lack to accomplish the same.

Well!! Here an Education/Student loan just might help…………

What is Education Loan?

The loan provided to finance expenses pertaining to studying in India or abroad is coined as Education loan. For a minor his or her parents can take the loan on their behalf and for an adult, he or she can directly apply for the loan.

Everything about Gold Loan – A way to grow in Life!!

If we speak in a rational way, money attracts money, and accumulation of the same becomes wealth to an individual. We all purchase gold at some point of time in life, which may be in the form of bars, biscuits, coins or ornaments etc. as the same is been considered the most trusted asset to an individual.

Here I will discuss about what gold loan is, how to get it and why to take it?

What is Gold Loan:

Loan in terms of money against gold is termed as Gold loan. All you need is to place your gold to any bank or NBFCs for a pre-specified period and the loan is right in your pocket. Of course, this loan just like any other loan comes with an interest cost. Just like in the case of personal loan, Home loan, Term Loan or may also be an overdrawn loan like Cash Credit account.

Any individual having in possession of gold can pledge it with the authority and get a loan, and the loan amount “Loan to Value Ratio (LTV)” is calculated on the basis of value of gold on that particular day along with its purity.