Securing funding for a small business can be daunting. Traditional banks often make it difficult to secure a loan with their lengthy application processes, excessive paperwork and stringent credit score requirements.
In times of financial emergencies, Gold Loans can be a total lifesaver. However, with so many options out there, choosing the right lender can be overwhelming. Should you go with a bank or a Non-Banking Financial Company (NBFC)?
Both options have pros and cons, which is why it is important to do your research and understand the differences between bank and NBFC Gold Loans.
In this article, we will compare NBFC vs banks, breaking down the key differences between their Gold Loan offerings so you can make a suitable decision.