Gold has always been a trusted asset in Indian households. In times of need, people often use it as security to avail quick funds through a gold loan. Over the years, banks and NBFCs have streamlined the process, making it faster and more convenient. Today, borrowers can choose between two main options: digital gold loan applications and traditional gold loan applications.

Both approaches have their own benefits and drawbacks. Let’s understand them in detail.

What is a gold loan?

A is a secured loan where you can pledge your gold jewellery or coins with a bank or NBFC in exchange for funds. The amount you receive depends on the value and purity of your gold. It is a simple way to raise money for emergencies, medical needs, education, or even business expenses.

Digital gold loan applica

See Full Page