Which One Should You Choose? Gold Loan or Personal Loan

Gold Loan vs. Personal Loan - Which One Should You Choose?

Gold Loan and Personal Loan are two convenient financing options when you need money at a short notice. Read both their advantages and disadvantages in detail before you make your decision.

Gold Loan

1. The loan approval and disbursal process is swift and easy.
2. Credit history is not needed, since it is a secured loan.
3. There are flexible repayment options.
4. Lenders usually offer 75% of the gold value as loan and the 25% high margin is kept with them.
5. In case you fail to repay the loan, the lender can liquidate your asset to recover the money.

Personal Loan

1. This is a loan without a security deposit, so you do not have to pledge any collateral to apply for a personal loan.
2. With a Flexi Personal Loan, you can borrow when you want from a sanctioned loan amount and pre-pay when you can.
3. You need to fulfill simple personal loan eligibility criteria.
4. Minimum documentation is required and once the document verification is done, the amount is disbursed to your account within 24 hours.
5. Make sure you have a good credit history above 700.

Personal Loan Part Prepayment & Foreclosure Charges

Does Bajaj Finserv check the CIBIL score of personal loan applicants?

Factors checked by Lenders to decide personal loan eligibility of a borrower

How is Interest Calculated on a Personal Loan?

What is Personal Loan Part Payment & How it Works?

What is Part Prepayment of a Loan?

What Is the Rate of Interest For A Personal Loan From Bajaj Finserv?

What is the interest rate offered on Personal Loans?

What are the different types of Personal Loan in India?

How to get small loans or instant cash loans?

Which one should you choose - Personal Loan or Credit Card Loan?

What happens if you don’t repay a personal loan?

What’s the difference between secured and unsecured loans?

Can you get two Personal Loans or multiple Personal Loans at the same time?

When is it a good idea to apply for a Personal Loan?

How to calculate EMI on calculator?

What is the Letter of Continuity?

What is the eligibility criteria for a Personal Loan?

What is the usual tenure of a personal loan?

What is a personal loan?

Types of Charges & Fees on Personal Loan

Personal Loan Documents Checklist

What are Personal Loan Foreclosure Charges?

How to Prepay a Personal Loan?

How to Get a Personal Loan?

How do you ensure that you have a good credit score?

How to Calculate Foreclosure of a Loan?

How to Check CIBIL Score for Personal Loan?

How do you check your CIBIL score?

What is CIBIL score?

What is the difference between a personal loan and car loan?

What is the impact of GST on personal loans?

Can we use a personal loan for the down payment on house?

What is the personal loan disbursement process?

How to apply for a personal loan without documents?

What Are The Tax Benefits On Personal Loans?

What are the reasons to avail a personal loan?

How to Get a Personal Loan for Cibil Defaulters?

What is the Minimum Credit Score Required for Personal Loan Eligibility?

How to Check Bajaj Finserv Personal Loan Account Statement?

How to Track Bajaj Finserv Personal Loan Application Status?

How to Get Instant Paperless Personal Loans?

What Are the Various Personal Loan Benefits?

What Are the Things to Consider Before Applying For a Personal Loan?

How to Improve Your Chances of Getting Approved For a Personal Loan?

What Are the Do’s and Don’ts While Taking a Personal Loan?

When Should You Take a Personal Loan?

What is The Typical Personal Loan Amount And Repayment Tenure?

What is the Personal Loan Verification Process?

How to Deal With Credit Card Debt Using a Personal Loan?