Gold rates in the past few years have risen so sharply that most people are surprised with this rise of price in this commodity. However there are people who have taken advantage of this and came with new idea which is giving loan to people against gold. In India where majority of people have gold either in lockers or at home this concept became instant success, given below is the list of gold loan companies which are there in India –
- Muthoot Finance
- India Infoline
Apart from above now even some banks are giving this facility to their customers. However one should be careful before taking these loans as rates of interest is high as compared to other forms of debt.