Gold loans-  funding www.muthootfincorp.com
<ul><li>With the hike in interest rates by the Reserve Bank of India and the subsequent rise in interest rates by banks an...
<ul><li>Individuals and traders are having to spend more in interest costs to meet their funding needs. The steep rise in ...
<ul><li>Even traders are opting to for jewellery loans or pledging household jewellery for hassle free and easy loans. </l...
<ul><li>Interest rates with pawn brokers being an expensive affair, people are approaching banks and Non Banking Finance C...
<ul><li>This organised finance sector offers higher value of loans, which in the current gold price scenario puts more mon...
<ul><li>Hassle free and easy access make these a quick loan option when in need of urgent liquidity. Borrowers also save o...
<ul><li>Rs 40,000- 45,000 Crore is the estimated value of the organised gold loan sector in India, of which 85% is held by...
<ul><li>With households hoarding significant amounts of the yellow metal, the gold loan market is still under penetrated. ...
<ul><li>Gold loans by Non Banking Finance Companies and banks are for short periods ranging from 6 months to a year. Howev...
<ul><li>Some individuals use the borrowed amount to invest in gold coins or make other gold investments foreseeing a rise ...
<ul><li>Non Banking Finance Companies like Muthoot Fincorp are disbursing gold loans and jewellery loans for more than 60 ...
<ul><li>South Indian finance companies are extending their presence through branches in a big way to extend their reach.  ...
<ul><li>Muthoot Fincorp alone has 1350 branches pan India.  </li></ul>
Contact Us <ul><li>www.muthootfincorp.com </li></ul>
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Gold loans an attractive option for funding

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With the hike in interest rates by the Reserve Bank of India and the subsequent rise in interest rates by banks and financial institutions, personal loans have lost their sheen.

Published in: Economy & Finance, Business
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Gold loans an attractive option for funding

  1. 1. Gold loans- funding www.muthootfincorp.com
  2. 2. <ul><li>With the hike in interest rates by the Reserve Bank of India and the subsequent rise in interest rates by banks and financial institutions, personal loans have lost their sheen. </li></ul>
  3. 3. <ul><li>Individuals and traders are having to spend more in interest costs to meet their funding needs. The steep rise in gold prices recently have driven more people to satisfy their funding requirements through gold loans. </li></ul>
  4. 4. <ul><li>Even traders are opting to for jewellery loans or pledging household jewellery for hassle free and easy loans. </li></ul>
  5. 5. <ul><li>Interest rates with pawn brokers being an expensive affair, people are approaching banks and Non Banking Finance Companies for their loan related needs. </li></ul>
  6. 6. <ul><li>This organised finance sector offers higher value of loans, which in the current gold price scenario puts more money in the hands of the borrower. </li></ul>
  7. 7. <ul><li>Hassle free and easy access make these a quick loan option when in need of urgent liquidity. Borrowers also save on charges for bank lockers for safekeeping of their valuables. </li></ul>
  8. 8. <ul><li>Rs 40,000- 45,000 Crore is the estimated value of the organised gold loan sector in India, of which 85% is held by the South Indian segment. </li></ul>
  9. 9. <ul><li>With households hoarding significant amounts of the yellow metal, the gold loan market is still under penetrated. </li></ul>
  10. 10. <ul><li>Gold loans by Non Banking Finance Companies and banks are for short periods ranging from 6 months to a year. However, borrowers re-pledge their jewellery in order to enjoy longer loan periods. </li></ul>
  11. 11. <ul><li>Some individuals use the borrowed amount to invest in gold coins or make other gold investments foreseeing a rise in the price of gold. With the current trend in gold prices, this seems to be a good investment option. </li></ul>
  12. 12. <ul><li>Non Banking Finance Companies like Muthoot Fincorp are disbursing gold loans and jewellery loans for more than 60 percent of the gold value at attractive interest rates. </li></ul>
  13. 13. <ul><li>South Indian finance companies are extending their presence through branches in a big way to extend their reach. </li></ul>
  14. 14. <ul><li>Muthoot Fincorp alone has 1350 branches pan India. </li></ul>
  15. 15. Contact Us <ul><li>www.muthootfincorp.com </li></ul>
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