Today, taking loans against gold items is one of the best ways to boost your finances in a time of need. With the value of this precious metal reaching unprecedented heights in the past years, it only makes sense to utilize the power of the gold in your possession to avail loans. It does not matter whether you want to fund your emergency cash requirements such as business expansion or medical treatment. You do not have to look any further, we are the offer the best gold loans Melbourne. Here are 6 benefits of gold loans that you cannot ignore:
1. No income required
Unlike personal loans, where you have to provide the proof of your income and determine your repayment capacity, gold loans in Melbourne do not require any proof of your income. With your precious metal acting as security for the loan, you will receive the approved amount of money that you need. All that matters is the originality, quality, and condition of your gold. As such, even those who are unemployed and lack a salary structure can still manage to get a loan without any inhibitions.
2. Low interest rates
Gold loans have lower interest rates in comparison to the rates that you will be paying after asking for money from a bank or other financial lending institutions. Individuals who need loans which offer affordable interest rates will find gold loans from Melbourne Gold Company very advantageous.
3. No credit history needed
Gold loans are not determined by the credit history that you have. As long as good quality gold is provided as security, finance history will not be a qualifying factor for receiving a loan. Even individuals with poor credit scores who are in urgent need of finance can avail a loan against their gold bars, jewellery or ornaments.
4. Highly convenient loans
Gold loans are highly convenient because they are quick and easy to acquire. You do not have to go through long waiting periods only to get rejected for the loan once your application is received. In fact, the processing time for the loan is less than half an hour. Additionally, borrowers often get a loan of about 80% market value price of gold.
5. One-time payment
When it comes to gold loans Melbourne Gold Company, borrowers are always given a choice to make a one-time payment in comparison to the instalment payment that will be needed when you borrow money from other lending institutions. It is acceptable to pay the gold loan interest during the tenure of the loan and thereafter, make a one-time payment at the end of the loan duration.
6. No debt trap
Gold loans will not leave you trapped in debt. If you are unable to pay back the loan amount under any circumstance, you can simply ask the lender to keep the gold item and terminate the loan agreement.
If you are in a bad financial position, do not let your gold jewellery gather dust at the back of your drawer. We are willing to provide you with reliable gold loans. With this opportunity, you can easily get back on your feet.
For more information on Gold Loans please visit the following:
Melbourne Gold Company
Suite 701/227 Collins Street Melbourne, Vic 3000
(03) 8678 2085