YIndia has a large gold market. Gold is also traditionally purchased in the nation, and it is also purchased at festivals. In addition, a lot of gold is given as wedding gifts in the nation, which is why many people have a lot of gold lying around their homes. On this, money may now also be raised. Please tell us how.
Door-Step Loan for Gold
People occasionally need money. In these circumstances, people also take out loans. People can apply for a loan based on their needs and there are various varieties available. You can also obtain loans if they so choose. People can obtain a loan if they own gold. This new service offered by the bank will assist in delivering loans right to consumers’ doors.
Bank of Karnataka
A bank has now launched a door-step gold borrowing facility. Karnataka Bank has launched a “KBL-Swarna Bandhu” door-to-door loan program. According to Karnataka Bank, this is a special loan product with end-to-end digitalization. The bank will be able to offer loan services right to the customer’s door thanks to this.
Lend gold
The bank has not yet made this service available at all of the centers, though. Customers will first have access to this function in a few bank locations. It will gradually be implemented in all of the bank’s branches. Actually, the Karnataka Bank made this choice with the sizeable market in the nation in mind. People who register with the bank can use this service.
Read more: Important update: PPF-Sukanya Samriddhi accounts will be blocked as of October 1
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