How many years will a bank keep gold, if you have taken out a gold loan?
By IndianMoney , 7 months ago
IndianMoney
7 months ago
Since the gold loan is a short term loan, the duration of the loan is one year. In case you do not repay the loan, you will be sent a notice by the bank. After another 3 or 6 months, one final notice will be sent. If you do not respond to the notice, the gold you have pledged will be sold and the loan will be closed.
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