If you own physical gold, you have several options for putting it to work toward your financial goals. A gold loan can provide short-term funds if you don’t qualify for unsecured financing or need money quickly for an emergency car repair, medical treatment, or other unexpected expenses.
Despite their convenience, gold loans don’t suit every person in every financial situation. Below, we provide an overview of everything you need to know about this lending option so that you can decide whether it’s right for you. Review the information, then speak with your financial adviser to explore your gold loan options….