A Gold Loan is a secured loan offered against your gold ornaments or jewelry. It provides instant funds with minimal documentation, making it one of the fastest and most convenient loan options. Banks and financial institutions evaluate the purity and weight of your gold and offer a loan amount accordingly. Gold loans come with lower interest rates, flexible repayment options, and quick disbursal, making them ideal for emergency needs like medical expenses, business requirements, education fees, home repairs, or personal expenses. Your gold remains safely stored and is returned once the loan is repaid.