India's gold loan market has increased from USD 33 billion in FY19 to USD 83 billion in FY24, growing at a compound annual growth rate (CAGR) of 20 per cent, according to Praxis Global Alliance report.
The credit appraisal for small ticket loans up to 2.5 lakh Rupees where gold is given as collateral will not be needed, said Sanjay Malhotra, Governor of the Reserve Bank of India (RBI).
Pune (Maharashtra) [India], June 6: Applying for a gold loan in India has become one of the fastest and most convenient ways to access funds. Many people turn to gold loans for quick financial support without having to sell their precious gold jewellery. Bajaj Finance offers a reliable and s
The Ministry of Finance on Friday said it has asked the Reserve Bank of India (RBI) to ensure that the needs of small gold loan borrowers are not affected by the central bank's proposed new rules on lending against gold as collateral.
New Delhi [India], May 16: Muthoot FinCorp Limited (MFL), the flagship company of the 138-year-old Muthoot Pappachan Group, also known as Muthoot Blue, has launched an engaging new three-film ad campaign featuring brand ambassador Shah Rukh Khan. This campaign positions Muthoot FinCorp as In
Pune (Maharashtra) [India], May 16: Users can now apply for a gold loan online through Bajaj Markets, where interest rates start from 8.88% p.a, with flexible repayment tenures of up to 3 years. The application process is straightforward, requiring minimal documentation, and offers quick app
Pune (Maharashtra) [India], May 15: A gold loan is a simple way to borrow money by pledging your gold jewellery. Many people choose this option when they need quick funds for personal or emergency needs. Since gold loans are secured, they usually come with lower interest rates compared to pe
Gurgaon (Haryana) [India], May 5: With access to credit becoming easier, there has been a 21-year drop in average age of customers getting their first credit product, underlining the fact that consumers are now starting their credit journeys at a significantly younger age with each passing g
Pune (Maharashtra) [India], April 14: Bajaj Markets remains committed to providing access to gold loans, with a faster and more secure process. Equipped with a fully digital application system and partnerships with trusted lenders, the financial marketplace ensures quick approvals and secure
Pune (Maharashtra) [India], April 11: Gold has long been regarded as a trusted asset, serving as a financial cushion for both investors and borrowers. In recent times, gold loans have gained popularity as a go-to solution for those seeking quick liquidity. By pledging gold jewellery, individ
Pune (Maharashtra) [India], March 24: Bajaj Finance Limited is excited to announce the commencement of its much-anticipated Loan Fest, running from March 1 to March 31, 2025. This special event offers customers an excellent opportunity to access gold loans with amounts up to Rs. 2 crore at h
Pune (Maharashtra) [India], March 21: Bajaj Finance Limited is offering gold loans of up to Rs. 2 crore at competitive interest rates during the Bajaj Finserv Loan Fest from 1st to 31st March 2025. This initiative allows individuals to access funds conveniently by pledging their gold jewelle