RBI would issue instructions for appointment of internal ombudsmen in NBFCs for grievance redressal of customers.
Fresh loan disbursements in housing segment likely to grow in the long run
Amid the Covid-19 pandemic, demand for gold loans zoomed as households increased pledging of their gold holdings, mostly jewellery.
Home loans: There are home loans available where one can pay lower EMIs in the initial years and subsequently it will increase in the later years.
The used two-wheeler market differs in consumer behavior, sales process, product attributes and the overall support ecosystem.
Gold loans: State Bank of India and Indian Bank are currently offering gold loans at an interest rate of 7.50% per annum.
The personal loans have grown by around 2.3 times in value and 3.8 times by volume.
Home loan EMIs keep running for over a decade or a two. You should transfer your loan if you are in the initial phase of your loan tenure.
Gold loans: NPA and gold price fluctuations are two major obstacles in the growth trajectory, feel experts.
Lenders are investing heavily in acquiring customers via robust front-end solutions; however, this is not being matched with digitisation at backend.