Wed, Oct 16, 2024
IIFL Finance is offering gold loans at 0.99 per cent interest rate per month with zero processing fees until October 19, 2024, under its ongoing Gold Loan Mela. According to the official release, one of India’s leading non-banking financial companies (NBFC) aims to provide affordable loans to individuals in need of immediate financial assistance through this Gold Loan Mela, helping them avail gold loans at lower costs.
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Tue, Oct 15, 2024
IIFL Finance Gold Loan: IIFL Finance is offering gold loans at 0.99 per cent interest rate per month with zero processing fees until October 19, 2024, under its ongoing Gold Loan Mela. Know details:
Mon, Sep 30, 2024
The RBI has urged all banks and NBFCs to rectify these deficiencies and thoroughly review their policies to prevent future occurrences. It stressed the need for greater control over third-party involvement and better monitoring mechanisms to ensure compliance with regulations.
The major deficiencies include shortcomings in use of third parties for sourcing and appraisal of loans, valuation of gold without the presence of the customer, inadequate due-diligence and lack of end-use monitoring of gold loans and lack of transparency during auction of gold ornaments and jewellery in case of a default, the RBI said.
Tue, Sep 24, 2024
IIFL Finance Gold Loan: IIFL Finance, one of India’s leading non-banking financial companies (NBFC), is hosting a Gold Loan Mela from September 25 to September 28, in Delhi and Gurgaon NCR. During this limited-time event, customers can avail gold loans at an attractive flat interest rate of just 1 per cent per month, with zero processing fees (NIL PF).
Thu, Sep 19, 2024
The Reserve Bank of India (RBI) on Thursday lifted certain restrictions on IIFL Finance's gold loan business. The central bank had imposed the restrictions on the company in March.
Thu, Aug 22, 2024
In fiscal year 2023-24, the organised gold loan market demonstrated substantial growth, reaching a valuation of Rs 7.1 lakh crore, according to a report by PwC India.
Thu, Aug 08, 2024
Still high level of personal loan disbursal is being observed by the RBI with a lot of shortfalls such as non-compliance with loan-related norms.
Wed, Jan 10, 2024
As part of the campaign, Augmont Gold For All will be extending the Sell Old Gold (SOG) offer, that will also give customers a chance to win Digi Gold up to Rs 10,000 through a scratch and win offer.
Fri, Oct 06, 2023
RBI MPC Meeting October 2023: The Reserve Bank of India (RBI) announced an increase in the gold loan limit for urban cooperative banks (UCBs), on the sidelines of the MPC outcome on Friday, October 6.
Wed, Sep 20, 2023
Among the available options for repayment of gold loans, borrowers can opt for the transfer of their gold loan balance to a new lender who offers lower interest rates.
Wed, Aug 23, 2023
Gold loans offer several benefits to borrowers including lower interest rates than unsecured loans, flexible repayment options and more. Take a look at the full potential of this financial option.
Gold loan can be availed against ornaments or articles made of the precious metal as collateral. In case of a home loan, the new property purchased is pledges to avail the loan.
Mon, Aug 21, 2023
Gold loans and loans against property are the two most common types of secured loans. However, before availing these loans the borrowers should check interest rates and other key factors to avoid financial troubles.
Wed, Jul 12, 2023
Gold loan vs personal loan: Factors such as requirements of collateral and creditworthiness vary in the case of personal loan and gold loan
Sun, Jul 09, 2023
Personal loans and gold loans can be the perfect solution whenever a person is need of extra funds or in case of an emergency. Here is a comparison of the advantages, disadvantages and the characteristics of both these loans, so you can decide which is the more suitable option for your needs.
Tue, Oct 25, 2022
Since gold jewellery serves as a security, the interest rate on the loan is usually lower than that on an unsecured loan.
Mon, Aug 01, 2022
While gold loan is a more-than-fully-secured asset given that the regulator has capped such loans to 75 per cent of the market price of gold, vehicle loan is 85-90 per cent of the ex-showroom price of the vehicle.
Wed, Jul 06, 2022
Muthoot Finance will be opening new branches after a gap of nearly three years and this new expansion will help in deepening reach to the underbanked and underserved customers across India, a media release said
Tue, May 24, 2022
Why Gold Loan NBFCs is under pressure? Does the government want to give gold loan cheaply? How is the competition increasing for gold loan companies? Know in Exclusive Research.
Tue, Jan 18, 2022
The State Bank of India (SBI) is providing special offers with Gold Loan. The interested customers must login to the official SBI website at sbi.co.in in case of further details.
Wed, Dec 22, 2021
The largest public sector lender in the country is offering SBI's Agri gold loan. The interested individuals can avail the loan through SBI's YONO app.
Wed, Nov 10, 2021
The SBI has informed its customers about the Realty Gold Loan Scheme to get loan quickly and without any hassles.
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