Financial emergencies may arise due to urgent medical needs, demanding quick access to funds. In such situations, the required funds surpass the current available resources. Prakash, a salaried individual from Vijaywada, encountered a similar situation that he navigated through the smart choice of taking a gold loan The life was all merry go […]
Meet Jaya, a rising entrepreneur with a thriving boutique business of four outlets and a well-equipped workshop in Secunderabad. What began as a small hobby with a single sewing machine has grown into a business supporting over 50 families. Her journey was driven by determination and the smart choice to use her gold jewelry […]
When an urgent need for funds arises, the first solution that often comes to mind is a gold loan. It’s undoubtedly one of the most popular, easy, and smart ways to address unexpected financial needs. Although a gold loan simply involves borrowing money by pledging gold, it can be a bit confusing for some. […]
Small businesses and MSMEs depend on a steady cash flow to handle critical situations like inventory shortages, machinery breakdowns, supply chain issues, and sudden market changes that affect demand and supply. To keep operations running smoothly, they may need to explore new markets, expand their reach, or invest in the latest technologies and products. […]
Gold is a valuable asset for rural households in India, which holds most of the country’s gold. However, demand for gold loans in rural areas is expected to be affected by inflation and unpredictable crop seasons, which can impact farmers’ income. The other consumer segment driving gold loan growth is MSMEs in semi-urban areas […]
The RBI advisory released in May 2024 limited the cash disbursements to Rs. 20,000, promoting a shift to digital channels. This led to a minor increase in turnaround and the processing time of gold loans. Despite this, the Indian gold loan market reported a growth of 12% in June 2024 disbursements. The growth consistency […]
A personal loan can be a quick solution for your immediate financial needs. However, it’s important to know the do’s and don’ts before applying. Learn more about how to make the most of a smart personal loan. Financial needs can pop up when you least expect them, and that’s when quick personal loans can […]
Personal loans are a convenient solution for meeting one’s immediate financial needs in today’s world. Whether it’s for a dream vacation, managing expenses, or advancing a career, personal loans have become a popular option for many. However, choosing the right lender can be challenging with so many options available. To make a smart decision, […]
RBI data shows a 15% growth in the gold loan market, with assets under management reaching Rs. 1 lakh crore in the financial year 2024. The main drivers of this demand are financial inclusion and a growing economy, which are boosting consumerism. New digital consumers, many of whom are first-time bankers, are significantly contributing to […]
Gold prices directly influence gold loans. An upward movement in gold prices adds momentum to gold loans as borrowers unlock the potential of their invested gold for liquidity. Rising gold prices also make lenders’ portfolios safer, as they can maintain a good loan-to-value ratio. Read further to learn how fluctuating gold prices impact gold […]
