Amrita Agarwal's video: Personal Loan Vs Gold Loan Vs Home Loan Top Up: How to Choose the Best One

The need for cash is like that unwelcomed guest who knocks at our doors at any odd time of our lives. When no other funding options make its way to our mind, we crawl through the websites of numerous lenders and finally click where we find a pop-up saying ‘instant personal loan‘. Most of the times this way of funding works and makes us receive the needed financial support. For More Info: https://financebuddha.com/blog/personal-loan-vs-gold-loan-vs-home-loan-top-up/ The facts say that a personal loan is the most exploited option but certainly, it is not the only option that can be availed during emergency monetary needs. A gold loan is a secured loan. A gold loan can be taken by collateralizing your gold ornaments. One can avail 60% to 70% of the gold value as a loan. The loan amount can go up to 90% if the borrower ready to pay a higher rate of interest. The interest that the borrower has to pay for a gold loan is less than personal loans. Most of the gold loans come without a fixed tenure. You can only pay the interest and keep the loan account active for years. If you are an existing home loan borrower, you have an excellent way of getting additional fund which is called a home loan top-up. A home loan top up is a multipurpose loan which can be used for any personal use. This way of credit is cheaper than availing funds by a personal loan. The interest rate is generally 1% to 2% higher than a home loan. A home loan top-up can be availed if your repayment history is excellent and you have serviced your home loan for a minimum of 3 years. You can also connect with us Facebook:https://www.facebook.com/financebuddha/ Twitter: https://twitter.com/FinanceBuddha LinkedIn:https://www.linkedin.com/company/finance-buddha/