Why should you avoid gold loans

Gold loans are the go to solution for Indian women when in a financial difficulty. What many don’t realise is that gold loans are in fact a debt trap. Watch this short video to learn why!
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[@ravindrakumar7746]

In govt bank ,jewel loan intrest rate is 7.5 to 8.5% . Never sell the gold once sold very tough to purchase again.better gale Gold loan and repay in a one month .this is the best way

[@abirsen7768]

This lady should be a celebrity and every Indian retail investor should be grateful to her but this is India..90% of them are unaware of her, rather gets attracted to Bollywood celebrities. Sad!

[@rajdeepsharma3204]

Thank you so much for this information Sucheta Ma'am it's real gold compared to gold loan skims to consume what little people save for there emergency stash... If possible please do upload some videos in hindi also would be really easy for common people who don't understand English and really need a guidance. Once again thank you ma'am and thank you Money Life
Regards 🙏🏻

[@vickanden7816]

Thanks! I always felt like those akshay kumar and amitabh Bachhan ads were so stupid and also continuing to put women at a disadvantage. But i couldn’t understand why exactly. Thanks for breaking it down.
Btw what do you say to those that claim that selling and buying is much more vulnerable to market price fluctuations of gold whereas taking a good loan hedges against that ?

[@CuriousMan22]

What about govt bank gold loan interest rates? They show it to be 7-8%

[@juicerlol]

This is true for the brokie loans. If you have a good amount in an approved facility, you can get far better terms on the loan. Loaning against jewellery is stupid.

[@SurjitMohantysrtmdrgsgoodness]

Simple yet very powerful

[@janakiraourrinkala2506]

Great words.Tq

[@sagar1463]

Very true

[@mohitzap]

आपको प्रणाम है। जिस चीज का विज्ञापन ज़्यादा आए उससे बचना चाहिए

[@anshulverma8620]

Don’t take her seriously… she knows nothing about financing and wealth creation..