Loan from Silver-Gold Jewellery: Financial emergency is something that can happen at any time. In such a situation, not everyone is ready for this. After which the first and last option left for the people is to mortgage or sell the gold or silver they have. No one wants to do this, but if any problem arises and you have to do this, then you must know some important things before doing so, so that you do not have to face problems in the future or while taking a loan.

How much money will you get by pledging silver?

If you want to pledge your silver in case of any problem, then it is important for you to know that you will not get 100% loan on pledging the silver. For example, if you have pledged silver worth Rs 50 thousand, then you will not get a loan of Rs 50 thousand, but the loan amount can be 75 to 85 percent of the value. This is because the bank or the loan giver has to keep the loan amount with itself as security.

take care of these things

• Silver jewelery and coins can be easily mortgaged. Because it is easy to measure their purity and along with this their price is also good.
• Many times the bank does not accept silver utensils and decorative items. Their value is estimated to be very low, so be careful if you are thinking of mortgaging them.
• Before pledging silver, also keep in mind that if any workmanship has been done in your jewellery, utensils or any item, then it will not have any value. The bank has nothing to do with the design or making charges, they are only concerned with the purity of the silver.

quality vs quantity

If you are thinking that by pledging more quantity of silver you will get more loan, then it is not so at all. Actually, banks focus more on the quality of silver than the quantity. Apart from this, the price of silver is per gram, so to take a large amount you will have to pledge a large amount of silver. Apart from this, every bank also has its own criteria, how much silver they will accept from a person depends on them only.

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