Page 6 - Gold Loan

Muthoot Finance chairman Mathai George Muthoot passes away at 71

MG George Muthoot, the chairman of Muthoot Finance which is the largest gold loan NBFC in the country, passed away this evening in his New Delhi home after a fall, according to the family.

Planning to take a gold loan? Put up extra collateral if demanded by lender

If LTV ratio on your loan exceeds the regulatory cap, lender can sell pledged gold to recover dues

Muthoot Finance Q3 profit up 17% to Rs 1,006 cr, revenue rises 16%

Consolidated loan assets of the group grew 28% to Rs 55,800 cr during nine months of 2020-21

Facing credit card woes amid pandemic? Look for lower-cost credit options

Defaulting on card dues could restrict access to credit in future

FIDC seeks parity for gold loan NBFCs with banks on loan-to-value ratio

By limiting applicability to banks, a vulnerable section of the population is punished by exclusion, the Council says

A snapshot of gold loan offered by various banks and other details

Here is how the gold loan offered by various banks stack up

Correction in gold price likely to make 90% LTV risky for borrowers

Those in dire financial straits may find it difficult to pay the margin demanded by lenders

RBI adds glitter to gold, allows 90% loans against jewellery till Mar 2021

At present, loans sanctioned by banks against pledge of gold ornaments and jewellery is up to 75% of the value of such items

Need secured loan? Now you can get more from your gold; here's how

Unlike a personal loan, gold loan is secured loan with your gold article as collateral, and bears a lower interest rate

Covid-19: Look for cheap loan options to raise cash as banks turn cautious

Go for secured credit options and make the most of assets like gold, house, car

A snapshot of gold loans offered by various banks and other details

Here is how the gold loan rates offered by various banks stack up

Muthoot Finance raises $550 mn at 4.4% from international bond markets

Second bond issue from the firm after it placed $450 mn for 3-year tenor at 6.13% in Oct 2019

Need emergency cash? Use loan against gold to get out of a debt trap

If you are caught in a debt trap, take a gold loan to pay your credit card dues.

Q3 result: Manappuram Finance net profit rises 63% to Rs 398 cr, AUM up 35%

Its total consolidated revenue from operations rose over 29 per cent to Rs 1,399.02 crore, taking its assets under management (AUM) to Rs 24,099.95 crore, up 35.52 per cent.

Need emergency money? Loan against gold scores over personal loan

Here's how the gold loans by different banks stack up

Planning to take gold loan? Limit tenure to one year to avoid defaults

Gold loan is the quickest and easiest to avail

Need emergency money now? Gold loans are quick, easy and low-cost

Borrowers can also choose from different repayment options depending on cash flows

Quick, easy and low-cost: Gold remains top option to raise emergency funds

Gold jewellery and coins can be pledged as collateral for taking a form of loan that is popularly known as gold loan

Gold loan is a cheaper and better option than personal loan: Here's why

NBFCs charge higher interest rates than banks, but offer faster disbursement with less paperwork

All for Re 1: Bank refuses to return gold deposit, customer moves HC

Petitioner's counsel M Sathyan said even after repeated requests by the petitioner, the bank refused to release the jewellery or accept payment of pending Re 1 for each account