WHAT ARE GOLD LOANS?

Gold loans are backed by a secure and tangible asset, which makes them ‘accessible to any type of customer, regardless of credit history, business plan, or development strategy’, according to Finance House.

“As long as the borrower can provide suitable gold as a collateral for the loan, and is registered in the UAE, either as an SME or as an individual. They also have typically lower interest rates than other business loans.”