If you are in an emergency situation or need urgent money, taking out a gold loan is best. It is also one of the best ways to arrange money in less than 24 hours. Therefore, we have listed the top gold loan companies for you. You can contact any of them to fulfill your short term requirements. Additionally, in most of them the interest rate on gold loans is similar. You only need to be a genuine person with identity proof, address proof etc.
Additionally, if you are taking out a gold loan from a new company, be careful. Use techniques to check if the company is fake or real. There is nothing wrong in taking loans from an NBFC. Knowing the company is also important for your privacy and data protection. Your reasons for taking out a loan may differ but protecting personal data is very important. Above all a fake company can run away with the mortgage assets. Therefore, whenever you are doing a financial transaction, keep your eyes always open. Especially when you are dealing with gold loan companies.
What is NBFC and why is it important to do a reference check?
Full form of NBFC is non banking finance companies. That means these are not banks but small financial institutions. There are many companies who take care of your money requirements. NBFC also deal in personal loan, home loan, small business loan etc. Most of them has a wide portfolio.
Gold Loan Companies in USA
Here is a list of some top companies that give loans against gold in united states.
1 – Federal Bank Gold Loan
2 – Muthoot Global
3 – CFC Gold Loans
4 – East Cambridge Savings Bank
5 – Atlanta Gold Loans
6 – Fedfina Gold Loans
These are some famous gold loan companies that you should go ahead with. Due to some reason if any of these companies reject the loan, there are many other options available. Above all I also recommend you to compare interest rates of different banks so you can select the best gold loan for you.
What do these loan companies take as collateral?
Some of the common types of collateral accepted include but are not limited to – gold, silver, platinum or palladium bullion, and gold or silver coins. This depends on the gold loan company you are dealing with.