This is a very important question suddenly came to my mind as I was seeing two advertisements simultaneously one of them was offering loan against gold and the other was offering a high cost for the precious metal so let us try to clarify what should we prefer and how they are different we will also discuss the benefits and losses in both the process.
Cost
When you will go to pledge your jewelry there they will give you about 65 to 80 % of the cost of your jewelry as loan amount but at the same time if you go to cash for gold you will have a very different experience because the company pays about 80 to 100% depending on the basic properties that are purity and weight.
Documents
You will see to take the loan you have to go through a long and time taking procedure even you have to do lots of paperwork which is very irritating and is also wasting time but the gold buyers are even best if compared to these companies because they have very few paperwork and they do not waste customers time in going through different processes.
Bill or invoice
In the companies ready to pledge your jewelry will not take it from you if you are unable to provide the bill or invoice copy of the articles or any proof that shows that you are the owner in the same time you can sell your jewelry without bill or invoice copy to the scrap buyers very easily and they are not going to judge you.
Interest
If you take money from the place against your precious metal it will not end up there. The main punch is that you have to pay a big interest against the money you have taken every week or month and due to this you become unable to release your ornaments from the bank. You don’t have to pay any charges for anything, like evaluation or testing if you complete the deal you will take the returns instantly.
Now it is very easy to decide what should be preferred and how it is better than the first option. In my opinion cash for gold is a better option than taking a loan against gold. For more info, you can contact us at our helpline number +91-9999821722, 9999333245. Cash for Gold in Delhi NCR also provides the free home pickup service for the customers.
