Category: Gold Loan

Indians’ affinity for gold is known to the world. It is one of the largest importers of gold. In India, gold is usually kept in the form of jewellery. Indians not only buy them as an ornament but also as an investment, which they can use anytime to fund their urgent cash requirements. Whether there...

Most households in India have gold articles lying idle in their lockers. But the good news is that they can be put to good use when you need it the most. When in an urgent need for money, you can use your gold articles to fund your immediate financial requirements. Not by selling your gold,…

Even if you have a low credit score, a good amount of gold can help you get out of a financial emergency. Like personal loans, no lending institution has defined the purpose for which gold loan can be used. Whether you have to fund a family vacation abroad, destination wedding, child’s higher education or any…

India is one of the largest consumers of gold in the world. As per the World Gold Council (WGC), the annual gold demand in India from 1987 until 2016 has increased by 804%. And the trend does not seem to die anytime soon. The precious metal other than being used for industrial, commercial and investment…

Gold ornaments are not only a piece of jewellery. They are a form of backup which have the power to rescue you from financially tough times. One of the quickest and easiest ways through which your gold ornaments can help you is if you avail a loan against them. Loans availed by pledging your gold…

Gold loans are simple secured loans that individuals can avail by offering gold jewellery as collateral to lending banks. For those who need a quick solution to short-term liquidity issues, gold loan is ideal, as it is relatively hassle-free and quick. Being secured loans, gold loans involve shorter processing times ranging anywhere between 1 and […]

People when stuck in a financial emergency tend to apply for personal loans. These loans are tailor-made to support your sudden financial crunch. However, its high interest rate makes it quite stressful on the pocket. Moreover, what if you are not eligible for personal loan? Or what if the loan amount you need is much…

Read in Hindi Gold loan is a secured loan that lending institutions (Banks and NBFcs) extend to borrowers against their gold articles with an aim to help them meet their financial requirements. Like any other loan, the borrower is required to pay EMI (monthly/quarterly/half-yearly) or principal and accrued interest at the end of the tenor...

Gold, a staple of the Indian upper class is a commodity like no other in the Indian retail market. Even in recession, buying and selling gold has continued across the length and breadth of India and there is no evidence which suggests this won’t continue. To serve this passion and dedication which Indians carry towards...

As per an article by the Hindu Business Line, Muthoot Finance MD, George Alexander Muthoot, wants to offer gold loans worth Rupees 10 lakh at 12% interest rate to both existing and new customers. The scheme will be launched on December 1st 2017.   Muthoot Finance wants to target the scheme at Small and Medium […]