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SBI has a special deal for gold loan borrowers; should you borrow?
A minimum of Rs 20,000 loan can be availed against gold while the upper limit stands at Rs 50 lakh for the SBI gold loan facility
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Bank of Maharashtra waives processing fee on gold, home, car loans till September 30
The lender is offering housing loans and car loans at an interest rate starting from 6.90% and 7.30%, respectively
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Fall in income force many to turn away from mortgaged gold
The second wave of the pandemic has hit gold loan portfolios of private banks amid volatile gold prices
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Cash-strapped? Secured loan options you can consider
Loans: Compared to collateral loans, secured loans are easier to obtain, have a lower interest rate and have fewer charges
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How to avoid falling into debt trap
Taking a loan may seem easy on paper, but seeking expert suggestions can go a long way in fixing your financial situation.
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Interest rate on gold loans fall 0.35% since October 2020; here’s what banks are offering
Now banks are offering gold loan at attractive rates of 7% to borrowers
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Gold loan businesses are set to grow higher as households increase pledging amid the pandemic stress
Outstanding loans against gold jewellery given by banks rose 82% to Rs 60,464 crore as of March 2021, from Rs 33,303 crore as of March 2020
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NBFCs auction record volume of pawned gold, warn of bigger crisis for banks from Q2
Gold loan-focused non-banks like Manappuram Finance have auctioned a record 1 tonne, worth Rs 404 crore, of the pawned gold in the last quarter of 202
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Money9 Edit | Gold loans: RBI should extend unlocking of value to 90%
To protect the banks, this window should be allowed till the economy revives and employment figures rise.
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Gold loans see staggering growth in Covid times
In case of an emergency, you can walk into banks or gold-loan NBFCs and pledge your jewellery for some quick cash. The segment has reported an unprece
