How to Get a Gold Loan with a Bad Credit in India?

Securing a gold loan in India is possible even with a bad credit score, as these loans are backed by collateral. To increase the chances of approval, ensure that the gold being pledged has a purity level between 18k and 22k and is of significant weight.

Financial institutions evaluate both the quality and quantity of the gold to determine the loan amount. Therefore, offering gold with higher purity and adequate weight enhances the likelihood of loan approval.