In a strategic development with implications for the gold loan sector, L&T Finance has acquired the gold loan business of Paul Merchants Finance Pvt Ltd (PMFL). This acquisition, valued at ₹537 crore, marks the Larsen and Toubro Group NBFC’s entry into the lucrative gold loan market, expanding its portfolio of secured loan products. Company Value […]
How to avail gold loans at 0.99% interest with zero processing fees – CNBC TV18
IIFL Finance, a leading non-banking financial company (NBFC), is offering gold loans at an interest rate of 0.99% per month. Customers can benefit from zero processing fees on loans taken until October 19, under its “Gold Loan Mela.” The company said it offers competitive loan-to-value (LTV) ratios and digital payment options. Manish Mayank, Zonal Head […]
RBI lifts six-month ban on IIFL Finance’s gold loan operations – CNBC TV18
In a significant move, the Reserve Bank of India (RBI) has lifted the restrictions placed on IIFL Finance Limited’s gold loan business. These restrictions, initially imposed on 4th March 2024, prevented the company from sanctioning, disbursing, or selling its gold loans. As of September 19, IIFL can fully resume its gold loan operations. The ban […]