💨 Abstract

This article compares personal loans and gold loans, two common types of financing options. Gold loans, which require gold as collateral, typically have lower interest rates and quicker approval processes than personal loans. Personal loans are unsecured, meaning no collateral is required, but they may have higher interest rates and stricter approval processes, often based on creditworthiness and income. The choice between the two depends on individual financial needs and circumstances.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖