A minimum of Rs 20,000 loan can be availed against gold while the upper limit stands at Rs 50 lakh for the SBI gold loan facility
Insurance cover provided through loan-linked policies is usually aimed at reducing the risk for lenders and thus, may not be adequate for borrowers
The application process becomes simpler if you have a savings bank account with the bank to which you have applied for LAP
Personal loans which saw a significant fall in the first quarter of 2020-21 have ended the fiscal with a massive jump of 35.5% in the fourth quarter
Taking a personal loan just to splurge or fulfil lifestyle or aspirational needs can turn out to be a financial blunder