A new gold loan scheme has been launched by Google Pay app for users. With the help of this scheme, you can get a loan of up to Rs 50 lakh from home without any civil report or other documents. A new scheme has been introduced by the Google Pay app in collaboration with Muthoot Finance. This scheme will offer loans ranging from Rs 5 lakh to Rs 50 lakh.

Who will get the benefit of this scheme?

In today's time, most of the women do not have any property or other land documents in their name. Also, the number of working women is less than that of men. In such a situation, women are not able to get loans. But with the help of this gold loan scheme, a loan of Rs 5 lakh to Rs 50 lakh can be taken on the basis of gold. The special thing is that a very low interest rate will have to be paid on this loan. Meaning now you can take a loan by not selling gold in bad times.

This new facility will start soon

Google Gold Loan facility will be started soon through the app. This service was announced in Google Event 2024 yesterday. No documents will be required in this gold loan scheme. In this, only the value of your gold will be assessed. Then you will be given a loan. Let us tell you that on Google Pay, you can pay utility bills along with online payment. Apart from this, you can also deposit bank loans easily. Many facilities are already available for users on Google Pay.