Understand the terms and conditions of the loan before availing it.
Assess the accurate market value of the gold you plan to pledge.
Research and choose a reputable lender with competitive interest rates and charges.
Understand the repayment options and prepayment charges associated with the loan.
Check the eligibility criteria set by the lender before applying for the loan.
Be aware of the consequences of defaulting on the loan and plan your repayment accordingly.
Check for any hidden charges associated with the loan.
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