Page 2 - Gold Loan

A snapshot of gold loan offered by various banks and other details

Here is how the gold loan offered by various banks stack up

Correction in gold price likely to make 90% LTV risky for borrowers

Those in dire financial straits may find it difficult to pay the margin demanded by lenders

RBI adds glitter to gold, allows 90% loans against jewellery till Mar 2021

At present, loans sanctioned by banks against pledge of gold ornaments and jewellery is up to 75% of the value of such items

Need secured loan? Now you can get more from your gold; here's how

Unlike a personal loan, gold loan is secured loan with your gold article as collateral, and bears a lower interest rate

Covid-19: Look for cheap loan options to raise cash as banks turn cautious

Go for secured credit options and make the most of assets like gold, house, car

A snapshot of gold loans offered by various banks and other details

Here is how the gold loan rates offered by various banks stack up

Muthoot Finance raises $550 mn at 4.4% from international bond markets

Second bond issue from the firm after it placed $450 mn for 3-year tenor at 6.13% in Oct 2019

Need emergency cash? Use loan against gold to get out of a debt trap

If you are caught in a debt trap, take a gold loan to pay your credit card dues.

Q3 result: Manappuram Finance net profit rises 63% to Rs 398 cr, AUM up 35%

Its total consolidated revenue from operations rose over 29 per cent to Rs 1,399.02 crore, taking its assets under management (AUM) to Rs 24,099.95 crore, up 35.52 per cent.

Need emergency money? Loan against gold scores over personal loan

Here's how the gold loans by different banks stack up

Planning to take gold loan? Limit tenure to one year to avoid defaults

Gold loan is the quickest and easiest to avail

Need emergency money now? Gold loans are quick, easy and low-cost

Borrowers can also choose from different repayment options depending on cash flows

Quick, easy and low-cost: Gold remains top option to raise emergency funds

Gold jewellery and coins can be pledged as collateral for taking a form of loan that is popularly known as gold loan

Gold loan is a cheaper and better option than personal loan: Here's why

NBFCs charge higher interest rates than banks, but offer faster disbursement with less paperwork

All for Re 1: Bank refuses to return gold deposit, customer moves HC

Petitioner's counsel M Sathyan said even after repeated requests by the petitioner, the bank refused to release the jewellery or accept payment of pending Re 1 for each account

Growing balance sheet may not be easy for gold loan companies

While firms aim to share of non-gold business, stiff competition may keep growth under check

Muthoot Finance to SBI, interest cost can differ widely for gold loans

Interest rates can range from around 10 per cent to 26 per cent, so do check what various players are willing to offer you

RBI exploring longer tenure gold loans

The central bank has already held two separate meetings on this issue with jewelers and banks active in gold loans

Banks, NBFCs see pressure on gold loan business as prices turn volatile

Even though prices have started picking up, banks continue to remain a little cautious about growing the book because of the volatility gold has seen in the last couple of years