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Factors that influence gold loan interest rates
Gold loans from various lenders charge different interest rates, making it essential to ensure that the gold loan you choose has the lowest rates
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Personal loans surpass credit to industry in first quarter
In the six months ended September 2021, total loans outstanding in the personal loan segment increased by Rs 73,000 crore.
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Gold loan: Mistakes that can increase your loan burden
If you are looking for a gold loan then you should avoid these mistakes, no matter how urgent the requirement for cash is.
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Need money urgently? You can consider these loan options
Most banks do not lend more than 50 percent of the value of the security — especially if you are pledging equity shares or MF units as collateral
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Gold loans popular among small-time businessmen, entrepreneurs
It is less expensive than unsecured loans like personal loans which are often availed to meet working capital needs
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Nine loan options beyond health insurance
State Bank of India's Kavach Personal Loan is exclusively meant to offer instant personal loans (Rs 25,000 to Rs 5 lakhs) to Covid positive patients.
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Best ways for getting instant money during emergency
An individual needs to be equipped with sufficient funds that would enable him to deal with any adverse situation.
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Secured vs unsecured loan: Know these important differences
Generally, secured loan amount can go up to Rs 3 crore and above. People pledge home, property or even gold to take this type of loan.
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Things to know while availing gold loan to avoid defaults
With the Covid-19 pandemic forcing many to avail of gold loan, there have been rising defaults as many are facing continued stress on their finances.
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BoM waives loan processing fees under special offer
The Pune-based lender has also revamped its gold loan scheme, offering loans up to Rs 20 lakh at a 7.10% interest rate, with zero processing fee
