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 […]
The Key Facts Statement (KFS) is an essential document provided by lenders to borrowers, encompassing all the details of a loan agreement, including interest rates and the annual percentage rate (APR). This RBI-mandated document is designed to help borrowers compare, decide, and execute their desired loans while empowering them with crucial information about their […]
Gold loan is the smartest choice when it comes to arranging funds for any quick and unplanned expense. While the gold loan provides the required funds, managing them wisely is crucial to avoid excessive costs. Featured here are strategies to help save money on the gold loan and optimize on the borrowing. Gold loans […]
