6 Best Alternatives To Personal Loan
2. Gold Loan
Besides making you look gorgeous, gold is one of the important assets that can help you save from your financial crisis. Maybe it has become difficult to invest on gold at this point of time, but the gold that is already purchased by customers/people has high value. The loan provided against your gold asset dependents on its purity and weight. Apart from that there are no processing charges and prepayment fees for loan against gold.
3. Loan Against Shares
There are some banks that offer loans against the shares that you hold from specific companies. This doesn’t mean that you are eligible for all loans on any type of shares. There are some specific shares on which you can avail loans.
However, the amount of loan purely depends upon the valuation of security and the borrower’s ability to repayment the loan.
Also Read:
5 Personal Finance Myths Which Can Make You Loose Money
7 Apps That Will Take Complete Care Of Your Finances for You
