Technical News Office –A new gold loan program has been launched by the Google Pay app. With the help of this scheme, you can take a loan up to Rs 50 lakh online from the comfort of your home without any marital status report or other documents. A new program has been launched by the Google Pay app in collaboration with Muthoot Finance. Under this scheme, loans ranging from Rs 5 lakh to Rs 50 lakh are given.
Who will benefit?
As everyone knows, even today, most women do not have title deeds or other land documents in their names. Furthermore, very few women work. These women need a loan to start a new business or for any other work. But to obtain a loan, the bank must provide proof of its assets or monthly income. In such a situation, women cannot get a loan. But with the help of Google Gold Loan Scheme, a loan of Rs 5 lakh to Rs 50 lakh can be taken on the basis of gold. Additionally, very low interest rates will have to be paid on this loan. This means that instead of selling gold in tough times, taking out a loan may be a better option for you.
11 percent of the world’s gold is present in Indian homes
Google Gold loan program will be launched in India soon. This service was announced at the Google India Event 2024. According to the report, 11 percent of the world’s total gold is found in Indian homes. In such a situation, this gold can come in handy for you. No documents will be required under the gold loan scheme. In this, the value of your gold will be assessed. After that, the loan will be granted to you with immediate effect.
What are gold and personal loans?
There is a lot of difference between gold loan and personal loan. Under a gold loan, the loan is given on the basis of your gold, whereas under a personal loan, the loan is given on the basis of your employment, income and assets.
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