Category Archives: Featured

Featured posts

What is Gold Loan – What is Loan Against Gold?

Just as a loan can be taken in exchange for Fixed Deposit, Property, Shares & Security , in the same way it can be taken in exchange for Gold . A Gold Loan is a type of Secure Loan , so to take such a loan Borrower has to mortgage some Goled Jewelery near the Bank or Non-Banking Financial Corporations (NBFCs) as a security. The securities can be in the form of Jewelery   and Gold… Read More »

How do Banks Charge Interest?

Difference Between Simple Interest and Compound Interest –  Interest is the amount of interest paid on the money borrowed by a person. Interest can be charged in two ways- Such an interest, which is charged only on the loaned Amount, is called Simple Interest and Such an interest, which is charged by adding Loan Amount + Accumulated Interest, is called Compound Interest .… Read More »