Gold Loan - Top 5 Things to Avoid While Taking a Gold Loan 

In this video, we have discussed the top 5 things to avoid while taking a Gold loan.
5 Things to avoid while taking a gold loan
✠ Choosing Wrong Repayment Mode
☢ Banks offer EMIs as a repayment method whereas NBFCs charge monthly interest. In case of missing your EMI, you will be liable to pay hefty penalty charges.
✠ Not Knowing The Hidden Charges
☢ Companies often hide a lot of changes in their Terms and Conditions. Common charges include processing fee, appraisal fee, foreclosure charges, penal charges on late payment, and auction-related charges.
✠ Selecting The Wrong Tenure
☢ Tenure means your loan duration. Tenure vary from 3 months to 3 years. Chose a tenure that suits you the best. Longer tenure is not always better. Check how interest calculation is linked with your tenure.
✠ Being Unaware Of Auction Terms
☢ If you are unable to repay your loan on time, your gold will be up for auction. Your lending company will be entitled to auction (sell) the Gold in the market and recover the debt.
✠ Not Considering After Sales Service
☢ After-sales service is the most neglected feature. During the time of applying for a loan if the staff behavior is unsatisfactory, then just imagine the after effect. Don’t ignore such signs. You should always consider companies with a track record of customer-friendly service. It will save you a lot of hassles and allow for mental peace.
✠✠✠ Conclusion
✠✠ As a customer be aware. Always make an informed decision. Don’t be swayed by marketing gimmicks and always ask the correct questions. Remember you are entitled to do so.
#SelectingThewrongTenure #applyingforaloan #howionterestratecalculation
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To Get Best Offers on Gold Loan
Click on The Link Below
www.dialabank....
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For more details
www.dialabank.com
9878981144
booking@dialabank.com
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Time stamps:
0:08 - Choosing Wrong Repayment Mode
0:20 - Not Knowing The Hidden Charges
0:40 - Selecting The Wrong Tenure
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