Gold loans offer instant funds by pledging jewelry or coins as collateral, providing liquidity without selling assets. Banks and NBFCs approve loans within hours with rates starting at 7% per annum and flexible tenures up to three years. Borrowers retain gold ownership while it stays securely vaulted. The process needs minimal documentation, no credit check, and easy foreclosure options. Ideal for emergencies or business needs, gold loans are cheaper than personal loans and convenient for quick short-term financing in India.