POSTED BY September 12, 2012 1:04 pm ONE COMMENT
ONSir,
I have taken 10L loan against my property for my family purpose 3 years back,now there is outstanding amount of 7L. I have some gold(300 gm) with me which can be used for closing the present loan. Is it better to take loan against gold or continue the home loan which has 4 more years to complete at deminishing rate of 14%(i guess). Please help me to find a solution to get through.
2021 © Jagoinvestor.com All Right Reserved
Dear Sayaz, instead of opting gold loan, please sell a part of your existing gold to clear of this 14% ROI loan. I seriously doubt that you may get gold loan cheaper than your existing loan.
Thanks
Ashal