Home loan or Gold loan

POSTED BY sayaz ON September 12, 2012 1:04 pm ONE COMMENT

Sir,

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.

One reply on this article “Home loan or Gold loan”

  1. 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

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today