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 […]
Arvog’s digital lending marks a ground-breaking fusion of technology and financial services. Fueled by advanced AI and machine learning, Arvog emerges as a cutting-edge, customer-centric finance entity, streamlining digital lending with unparalleled ease, speed, and efficiency. Its lightning-fast, intuitive approach focuses on personal and gold loans, simplifying the borrowing experience. Powered by AI and […]
The need for a sudden financial boost can arise unexpectedly, impacting anyone at any time. Sometimes, these situations pose welcome challenges, such as the funding required to seize a lucrative business opportunity. Other times, they present genuine hardships, like an unforeseen medical emergency. Invariably, the available funds fall short of covering the entire expense, […]
Introduction Personal loans have been a significant financial tool for individuals in India, witnessing a 22% YoY growth. Despite this surge, the average loan ticket size has been on a declining trajectory since 2019. This shift is influenced by various factors, including increased risk weights, making personal loans both more expensive and more challenging to […]
Introduction If you’re feeling weighed down by various debts, a personal loan could be the solution you’ve been searching for. In 2023, Forbes Advisor’s debt consolidation trends survey revealed that 54% of respondents turned to personal loans to simplify and reduce their monthly payments, 42% sought lower interest rates, and 35% aimed to lighten their […]
The gold loan stands out as the most straightforward and convenient credit option, particularly in the context of a typical Indian household. Gold, regarded as an invaluable asset acquired during festive and family occasions like births or marriages, serves as readily available collateral for unforeseen or planned expenses. While lenders may boast about offering the […]
We commonly encounter situations where expenses exceed our available funds, whether for planned occasions or unexpected emergencies. In such economic crises, opting for a gold loan, where idle gold is utilized, proves to be the most cost-effective and convenient solution. The gold loan involves minimal documentation, offers swift disbursal, and is not influenced by […]
