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Prominent NBFCs/Banks Offering Gold Loan in India:

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Gold Loan in India

Gold Loan is a secured loan type where individuals can get financial assistance by pledging their gold as collateral. It will allow people to make use of their gold kept inside the locker and get funds for helping them during their financial crisis.

The funds which you receive can be used for any purposes like purchasing your dream home, paying off your current debts, or for your working capital investment. As per RBI guidelines, the loan amount which you will be sanctioned will depend on certain aspects.

Features of Gold Loan:

There are certain features which you should know before you opt for a gold loan like:
● Specific gold loan schemes are sanctioned only for some regions of the nation.
● When you fail to repay your loan, your gold ornaments will be auctioned.
● You can avail of a gold loan against physical gold ornaments including, gold coins. Both banks and NBFCs won’t give you a credit against gold ETF and gold bonds.
● Repayment of the gold loan can be made in any branch of the financial institutions, irrespective of where you get your loan.
● When you pledge gold ornaments with metals, stones, and gems, then only the gold value will be calculated for the loan amount.

List of Top Banks/NBFCs Offering Gold Loan In India:

1. Shriram City Union Finance Gold Loan: Shriram City Union Finance offers gold loan schemes for borrowers. The tenure and the gold loan amount depends on the plan the individuals prefer to choose. The gold which you pledge as collateral will be safe and secured until you repay the loan. Some prominent features of Shriram City Gold Loan are:
○ The Gold Loan interest rate starts at as least as 6% till 20%, depending on the gold you pledge and the loan amount you choose.
○ There is a very minimal processing fee and prepayment fee.
○ The gold loan tenure is flexible.
○ You can get a customized repayment schedule for your gold loan.

2. Muthoot Gold Loan: Muthoot Finance offers many gold loan schemes. You can choose the tenure and amount of loan you want, depending on your financial situation. Your gold items will be safe. Here are certain features of Muthoot gold loan:
○ Allows partial repayment.
○ You can avail of a minimum of Rs.1,500 with no maximum limit on gold loan.
○ Prepayment can be done without any penalty.

3. HDFC Gold Loan: HFDC bank offers a gold loan with the scheme “Sampoorna Bharaosa Gold Loan” for their borrowers. This special scheme offers and interest rates for existing account holders of the bank. HDFC bank offers a gold loan with features as below:
○ HDFC gold loan charges 1.5% plus GST as a processing fee.
○ Women customers have special and lower interest rates.
○ When you foreclose your account within three months, then you should pay foreclosure charges of 2% plus additional GST.

4. ICICI Gold Loan: If your age is between 18 to 70 years, you can opt for an ICICI bank gold loan and only when your gold purity is above 18 karats. The loan is easy to approve and gets disbursed instantly. Gold loan features for ICICI are:
○ Customers should pay 1% of the loan amount as the processing fee.
○ You should also pay 6% per year when you pay dues after the particular due date.

5. Canara Bank Gold Loan: Canara bank provides gold loan under a scheme named “Swarna Loan” with which when you pledge your gold ornaments and have an account in the bank you will be submitted with the loan. The main features of this gold loan are:
○ The interest rate varies depending on the loan amount you choose. When you get a loan up to Rs.5 lakh, then your interest rate will be 9.85% whereas when it’s above that, it will be 9.95%.
○ Appraising charges for the jewel, a document regarding the gold valuation given by a jeweler should all be provided to the provider.
○ The minimum and maximum amount of the loan which you can avail will range from Rs.1,000 to no maximum.

6. Axis Bank Gold Loan: When you are between the age of 18 to 75 years, and you have any gold jewelry which is above 18 karats, then you can avail of a loan. The axis bank gold loan offers features like:
○ The minimum loan amount you can get is Rs.25,001.
○ This loan type comes with flexible repayment options like monthly EMIs, paying loan amounts, and interest together at the loan end.
○ No part payment charges during the loan tenure.
○ You will have to pay 1% of the loan amount as a processing fee.

7. Manappuram Gold Loan: Manappuram Finances provides you higher loan to value ratio for those who want to avail maximum loan amount against their pledged gold. The main features are:
○ There is no bank account need for a transaction less than Rs.1 lakh.
○ No prepayment penalty when you repay your loan before the tenure end.
○ Don’t have any minimum or maximum lock-in period.

8. Federal Bank Gold Loan: An individual can get a gold loan from the federal bank for personal, business, or agri purposes when you give them a gold purity of 22 karats.
○ You can get a loan amount as less as Rs.1000 to a maximum of Rs.150 lakhs.
○ You can get a loan amount which is 82% of the market price of the gold for Agri purposes and 75% for other purposes.

9. Bank Of Baroda Gold Loan: Bank of Baroda provides gold loan for both priority and non-priority sectors when you are pledging gold of purity 18 karats
○ There are no prepayment / preclosure charges for your gold loan.
○ No processing fee for a gold loan up to Rs.3 lakh when taken for agriculture purposes.

10. SBI Gold Loan: SBI offers a gold loan when you have a steady income. It has loans specifically for SBI housing loans and when you are into agriculture.
○ The minimum loan amount you can get is Rs.20,000 to up to Rs.20 lakhs.
○ You will pay up to 0.50% of the loan amount as processing fees for the loan.

BUSINESS

Do You Know These Best Companies of Tasmania?

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Do You Know These Best Companies of Tasmania?

Nowadays, building a new home is a big dream for everyone, and you fulfill your fantasy with the help of builders and construction companies. To create a dream home in Tasmania, you need to hire expert builders who build your house with an affordable budget. You must hire a lawyer that makes a contract with the builder in which the builder said that he would complete the construction work at a proper timeline without any delay.

Let’s talk about the best construction companies Tasmania!

Best Trusted Company

Tas Homes

Tas Homes is the best construction company in Tasmania. Before building a new home in Tasmania, you need to discuss many things with the Tas Homes company, like examining the total net cost of the house, the exact location at which you want to build your house, and all necessary plans about building a new home. Once you make the rough draft of building a new home or repairing the old one from an expert architecture, Tas Homes start to construct your home according to the demands and needs. Tas Homes provides essential information about many things, like which material and unique colors are best to build a new home. Once you take approval for creating a new home, then Tas Homes start to do construction work and complete your home construction at a specific timeline without making any delay in it. Tas Homes give you a guarantee that they will complete their work efficiently.

Some Other Best Companies

#1. Wilson Homes Company

Wilson homes company is conducting the extraordinary and beautiful houses in Tasmania. These provide their experts to give the proper guideline for building a new home. They provide the facility of taking loans from banks by talking to them. They make their house on an affordable cost budget.

#2. Mirowski Desing And Construction Company

This company provides the first-class construction procedure for building a new home in Tasmania. They make a proper commitment that from start to end. They make a unique design of building a house for their customers. It is the most experienced company that satisfies its clients very quickly.

#3. Rainbow Building Solutions Company

These provide expert and professional builders that work with great efforts and build the house of their clients at affordable costs. Thai company synthesized their steel roof with the latest machine.

#4. Haven’t Built Company

Thai companies provide many services to their clients like repairing old homes and products and building new homes. For this purpose, they provide guaranteed and highly trained experts.

#5. Kunama Property Group

This company helps their customers if they want to sail and to buy their property.

#6. Woodhams Builder Company

This company provides trained carpenters and expert contractors that build your dream home in Tasmania according to your budget and enhance your expectations. They take good detail of every part of the house to suit your demands and requirements properly.

Verdict

Undoubtedly, all the above-mentioned construction companies – Tasmania help you build your home perfectly. Still, Tas Homes complete this task of building your new home in Tasmania before a deadline according to your interest.

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BUSINESS

What Is The Impact Of NFTs On The Blockchain Industry?

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What Is The Impact Of NFTs On The Blockchain Industry?

As the popularity of bitcoin grows throughout the world, so does interest in the varied capabilities of blockchain, the underlying technology that powers it. Non-fungible tokens, or NFTs as they are usually known, are one of these. NFTs are digital representations of diverse works of art, content, and collectibles that may be traded between blockchains.

NFTs have grown in popularity in recent years, with the selling of NFTs raising hundreds of millions of dollars. NFTs are more than a passing fad; they signify a shift not only in the blockchain business but also in popular culture.

The public’s interest in NFTs skyrocketed in 2021 when their market saw record sales, but little is known about the industry’s overall structure and evolution. We use data from the Ethereum and WAX blockchains to examine 6.1 million trades involving 4.7 million NFTs between June 23, 2017, and April 27, 2021.

With this, it is quite evident that NFTs are creating a great impact on the blockchain industry. ChainTechSource, a competent NFT development company, brings you a detailed look into what NFTs are and how they are impacting the blockchain industry.

What is NFT?

An NFT is a blockchain-based data unit that confirms a digital asset’s uniqueness and thus non-interchangeability, as well as providing a unique digital certificate of ownership for the NFT.

More broadly, an NFT enables the “provenance” of a digital object to be established, providing irrefutable answers to queries such as who owns, formerly owned, and developed the NFT, as well as which of the numerous copies is the original.

An NFT can be associated with a variety of digital items, including photographs, movies, and audio, which are some of the best NFT to buy. In a variety of applications, such as art, gaming, and sports memorabilia NFTs are now being utilised to commodify digital things thus making them the best NFT project to invest in. Originally, NFTs were only available on the Ethereum blockchain, but more and more blockchains are adopting their own versions of the technology.

The Impact of NFTs on Blockchain

·         NFTs are Leading the Way:

The ability to tokenize and sell nearly anything is perhaps the most appealing feature of NFTs. This, combined with the fact that no two NFTs are alike, has made the notion popular in the arts and entertainment, with many well-known figures offering the general public best NFT to buy.

Bart Baker, a social media celebrity, auctioned off eight NFTs to this audience. Seven of them were of his most popular films, and the eighth allowed the auction winner to record a video with him that would later be minted into an NFT. Christie raised almost $69 million after selling NFTs for artist Mike Winkelmann”

·         Permanent and Unchangeable Records:

Since NFTs are based on blockchain technology, they have permanent and immutable ownership and usage records. This means that whenever an item is purchased, sold, or transferred through an NFT, the records of everyone who has possessed or used it are easily accessible. Furthermore, because no two NFTs are alike, they cannot be traded for one another in the same way that cryptocurrencies can.

·         Collectibles Market:

Then there’s the social factor to consider. The collectibles market is worth billions of dollars around the world, and it has always had to cope with the problem of fakes. Collectibles can be sent to fans using NFTs and NFT development in a near-impossible-to-fake or duplicate manner.

·         Pop Culture Phenomenon:

This also implies that artists can sell their work directly to fans, saving money on middlemen such as auction houses and galleries. Some customers simply enjoy the concept of having a unique replica of a pop culture phenomenon. This explains why someone would pay $2.5 million for the NFT of a publicly available tweet.

In 2021, the NFT market, which is less than four years old, has exploded making NFT development a lucrative career. It is critical to emphasize the study’s major shortcomings, which also serve as directions for future research. NFTs and NFT development, in general, are a novel tool that meets some of the needs of producers, consumers, and collectors of a wide range of digital and non-digital artefacts that are also the best NFT project to invest. As a result, they’re very certainly here to stay, or at the very least, they’re the first step toward new tools for dealing with asset property and provenance.

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BUSINESS

How to Choose a Best Hand Phone Holder?

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How to Choose a Best Hand Phone Holder?

Mobile phone use is a frequent element of the daily routine. People use mobile phones for their needs, but people who use them for a long time to manage routine matters face difficulty holding them for a long time and even getting them to drop suddenly. Phone holders are designed for your comfort to avoid these problems. The use of phone holders is increasing day by day, but you should know the features of that one.

If you are looking for tips you should consider while purchasing a phone holder, give it a complete read!

#1. Consider Your Budget First

Your pocket weight matters whenever you go to purchase something. You manage things according to your financial range. Just like that, there are various phone holders available for you; choose the phone holder that can fulfill your need by considering your budget first in an affordable range for you.

#2. Strong Grip

The primary purpose of the phone holder is to give a solid grip for your hand so that you can feel safe while using the phone holder. The particular phone holder should be designed so that the back fingers should provide strength to your phone by making your thumb free to use the phone anywhere.

#3. Quality of the Phone Holder

Phone holders are generated by using different materials such as metals and plastics. Make sure the quality of the phone holder you are going to purchase. The phone holder with good quality will serve you for a long time so check the quality first for your satisfaction.

#4. Read the Reviews

Check the reviews available on the website of the particular phone holder if you are going to purchase it online. Reviews will reflect the remarks and experiences of the people who have used it already. By checking the reviews, you will know which phone holder will be better for you, and you will make the right decision.

#5. Delivery Time After Placing Order

Many sites give you the satisfaction of quick delivery, but not all make it happen. It is the red flag about those scamming companies. Search the delivery time of the particular site for sending your parcel. It is the right way to know the status and authenticity of the specific site if you are looking for online buying.

#6. Power Up Facility

Many phone holders are generated in a way that after attaching at the back of the phone, power up points such as the point where plungers, chargers, and straps are plugged for power boosting. Good quality chargers are generated by considering even keen aspects to give you maximum facility and comfort. The best phone holder is designed so that your back fingers support your phone, free thumb to use the phone, and stress-free little finger in the lower stand for holding the phone, such as TLTD.

Verdict

People purchase phone holders at a high rate but are not well aware of what should be there in the best phone holder. Many aspects are there that should be considered must while choosing the phone holder. Your comfort depends on it, so make it best for you; that’s why its choice is crucial here. If you are looking for the best phone holder, contact gettltd today!

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