Gold is probably the most used element. So much is its demand that it is also one of the costliest elements on the planet. People like to buy it to look good, to invest and to use it in difficult times by selling it and getting instant cash for it. There is also one other use of gold which most people love. It is to mortgage your gold and get the loan on its behalf. This loan is all well and good until the procedure of installments hits us. The system is so complex that once you get trapped in it, it is very difficult to get out of it. Let us understand how this system works and we can help you get a gold loan settlement.
Why So Much Interest
These lenders work on a system called compound interest. This is why even after paying so many installments; we are still left with so much debt. Let us understand how this works.
- When you take a loan against your loan, the lender will fix your monthly EMI.
- Now, this EMI is calculated on the basis of compound interest.
- Which means that besides the loan amount they will charge you an interest on interest too?
- This is why this system is called compound interest.
How We Can Help You
Being the best gold buyers in Delhi NCR, we have a scheme for you to get your loan settled. Let us see how our scheme works to get you a gold loan settlement near me.
- We approach the lender and pay your entire amount in one go.
- By this way your gold will get released and you will not have to pay any further interest.
- We calculate the current value of your gold based on its selling price.
- If there is any due we pay that to you at that very moment.
A scheme that is beneficial for both the parties can be availed by anyone. Just give us a call on 9999821702 or visit our stores to get your loan settled.
