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3rd November 2017, 10:27 AM
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Possibility to mortgage gold jewelry as security? What are the terms and condition for it?


Hello, I want to apply for an education loan for my son and I have some gold jewelry. Can I mortgage it as security? What are the terms and condition for it?




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9th November 2017, 05:20 PM
ajayrocks007
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Join Date: Mar 2012
Location: New Delhi
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Default Re: Possibility to mortgage gold jewelry as security? What are the terms and condition for it?

First of all you need to apply on an application form for education loan. Banks will ask you for any collateral security, if they think income is not enough to support the loan.

If guarantor has a sufficient income, then there will be no issue of mortgage. Gold jewelry is definitely an asset and can be considered for getting loan.
 
Do you have any question? or have anything to say?

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