Meet Your Financial Requirements With Instant Gold Loan

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Meet Your Financial Requirements With Instant
Gold Loan
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Understand how gold loans help in meeting
financial requirements and understand the
procedure for a gold loan application No matter
how well your budget is planned, there are always
some unforeseen expenditures waiting round the
corner. There might be some sudden requirements
that may need a substantial amount of funds. In
such situations, people usually resort to taking
loans from a bank or an NBFC. However, a
preferable way is to avail of a gold loan. Lets
see some of these situations and understand how
you can tackle them promptly by applying for a
gold loan
Medical Expenditure Emergency medical situations
might arise, which are usually unplanned
occurrences involving sizable cash outflow and
may rob you of your savings. In todays time,
even common diseases such as dengue and malaria
take up a chunk out of your pocket. Covid-19 has
shown us the extent of the burden that medical
emergencies can create on your finances.
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Working capital crunch Due to unavoidable
circumstances in your business, there might be a
delay in receiving payments from your debtors.
This is because various uncertainties surround
businesses. Delay in receiving payments from
debtors can create a cash crunch and might create
a shortage of funds to the creditors. Any delay
in payments to suppliers can harm the businesss
reputation and negatively affect the supply
chain. It might result in strained relations,
reduction in credit period, stoppage of important
supplies, etc. Multiple EMIs People sometimes
take multiple loans and trap themselves into
numerous EMIs. Keeping track of all the EMIs and
their due dates becomes cumbersome, and they end
up skipping one or two. This adversely affects
the credit score of the borrower. This may, in
turn, create problems for your future borrowings.
Therefore, to get free from multiple EMIs, you
can consolidate all your loans into a single loan.
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How instant cash loans in the form of gold
loans can solve the above problems
Problem 1 Medical Expenditure Solution In case
of any medical emergency, you can simply avail of
a gold loan and pay all your medical bills. Your
hospital bills get converted into a loan which
can then be repaid in installments. This reduces
stress and strain on your finances. As the gold
loans are available at affordable rates and
instant, you wont have to run from pillar to
post to get your loan sanctioned and wait for
long to get disbursal. Problem 2 Working
Capital Crunch Solution If your business faces a
working capital crunch due to a delay in receipt
of payments from debtors, you can use gold
loans as an instant financing facility. This will
enable you to pay your creditors till the time
you receive your payments. From the payments
received, you can repay the loan. Another benefit
is that, as the loan repayment is to be done in
installments, therefore, you get considerable
time to manage your working capital crunch and
bounce it back to normal.
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Problem 3 Multiple EMIs Solution You might
unknowingly end up screwing your credit score due
to multiple EMIs and failure to keep track of
their due dates. By taking a gold loan, you can
prepay your other existing loans, and in the end,
you will be left with a single gold loan. This is
known as debt consolidation, where your multiple
loans get consolidated into a single loan. With
only a single EMI payment, you can repay it
within the due date and save your credit score.
Bottom Line Immediate financial requirements may
arise anytime. If you have invested in gold, it
can be a saviour during immediate financial
needs. Gold loans, because of the instant
process, lower costs, and flexible terms and
tenure, are the best arrangements to meet
short-term fund requirements and reduce strain on
your finances. With Basant India Ltd, you can
easily avail of gold loans with flexible terms,
lower costs, and the entire process at your
doorstep.
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THANK YOU
912, Indra Praksh Building, 21- Barakhamba Road,
New Delhi 110001 Call us at 011-40078601
/2/3/4/5, 9289905548 Write us at
basant.indiaa_at_gmail.com For more visit
https//www.basantfinance.com