adminDo you have this question then you also know the answer very well and if we talk in one line it is always better to sell gold than taking a gold loan because when you have a need of money you look all the sides and check all the options that can make us earn the essential wages to fulfill our needs. In the end, when we don’t get it in any way or our options are not working then we come to the last and final option and that is to use our precious ornaments to earn the essential amount and in this process, we have two options that create the confusion. The confusion is either we should go to sell jewelry and earn the cash or we should pledge our precious yellow metal to take cash against it.
Let us discuss the benefits and losses of taking the loan
If you take the gold loan you will get only 60 to 70% as cash of your precious metal
It takes a long time in the procedure
It has heavy interest rate that you have to give every month or every week and that will be on the amount you have taken.
The interest can be heavy on your budget it can affect your financials.
If you are not able to pay the returns or the principal amount your ornaments will be captured by the company and no compensation will be given for it.
Benefits
Your precious articles can be taken back anytime
Your articles are safe and secure
The amount taken will be low so sometimes it is easy to repay.
Now the profits and losses when you decide to sell your jewelry
You will get 100% cash for gold and it will be given immediately
You can earn more on some occasions
It is a simple method so very few documents works
A short procedure
no interest is taken on the amount.
Losses
You will lose your favorite article forever and will never be returned to you in any condition.
Now you can decide what you would do and due to the above discussion now it is very easy to decide.
