SS Gold Company will give cash to pre close your pledged gold loan. We visit the location with customers; pay the required amount to release the pledged gold. After checking the purity of the pledged gold at our office SS Gold Company buy back the gold jewellery and pay you the balance amount after deducting the amount paid for releasing gold. We give you funds to Pre-close your pledge. We will buy the pledged jewellery at a fair price determined by fair valuation.
Pledging gold for money is a common practice in India. People pledge their gold jewellery to pawnshops and financers to, arrange funds for starting a new business or to settle urgent medical bills. It is easy to get a loan against gold.
If you default on payments and do not repay the gold loan, it will reflect in your credit score . The bank/lender will report this to the credit bureaus and this will negatively impact your credit score, thereby causing it to drop.
Three Types
The lender offers three types of gold loans – Gold Loan, Liquid Gold Loan, Bullet Repayment Gold Loan. For this loan type, the repayment of the principal and interest will occur on a monthly basis after disbursal of the loan amount.
How Gold Loan Influences Your CIBIL Credit Score? ... And a credit score is a reflection of how responsibly you handle your credit payments. So to answer the question, yes, gold loan or credit, in general, influences your credit score. Handling your credit or gold loan payments responsibly will improve your credit score.
The best time to sell your gold is when you either need cash or don't need or want the gold itself. ... Think about it: Gold that you have sitting at home (or in a safe deposit box) has a value, but it's subject to the whims of the market. Until you actually sell your gold, you haven't realized its value
