Gold as a backing for loans
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Gold as a backing for loans

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Gold as a backing for loans Gold as a backing for loans Presentation Transcript

  • Gold as a backing for loans <Click Here> To Reach Muthoot
    • Gold is increasingly playing a major role as a backing for loans in India.
    • It is the largest asset class being used as collateral for loans across the Indian panorama where the gold loan market is ever increasing.
    • Statistics from the industry has pegged the use of gold as collateral in the past year at 200 tonnes.
    • Industry big wigs are of the opinion that gold loans set free the value of gold that would have otherwise remained in the locker.
    • This sets in motion a chain of activity in the economy due to the sudden availability of liquidity.
    • The organised gold loan market is just spreading its wings into the far corners of the Indian subcontinent with giants like Muthoot Fincorp expanding its operations to different parts of India
    • Gold loans are a quick and easy source for liquidity for the middle class and upper middle class segments of society.
    • Gold loan companies are worth over a million dollars in the last fiscal and slated to grow at the rate of 30% per annum.
    • Up until this time gold loans have been popular only among the middle and upper middle classes, however since gold has moved from being mere store of value to a bankable asset.
    • Repayment statistics are very high in the case of gold as collateral as most often, there is an emotional attachment to the ornament that is pledged.
    • Loans against gold are popular also because the rates of interest are lower than that of personal loans, which are largely unsecured.
    • One can avail a gold loan at 12% with little or no processing fee and a short time frame.
    • Muthoot Fincorp offers the shortest time frame of just 3 minutes with their product Express 3 minute Gold Loan.
    • This kind of liquidity acquisition supports consumption which gives a spurt to the economy.
    • An increasing number of people are opting for gold loans across income types
    • Where previously agricultural classes or those that needed financial assistance were opting for gold loans, now even higher income groups are availing of them as a backing to their education loans, home renovation loans etc.
  • Contact Us
    • www.muthootfincorp.com
    • www.muthoot.com