Gold loans in India are on track for significant growth. According to ICRA, a rating agency, the organised gold loan market will surpass ₹10 lakh crore this financial year and reach ₹15 lakh crore by March 2027. Retail gold loans from non-banking financial companies (NBFCs) are projected to grow by 17-19% in FY2025. While yield […]
How to avail gold loans at 1% interest rate with no processing fees – CNBC TV18
IFL Finance, a non-banking financial company (NBFC) in India, is hosting a Gold Loan Mela from September 25 to September 28, 2024, in Delhi and Gurgaon NCR. This event will offer customers the chance to avail gold loans at an interest rate of 1% per month and with zero processing fees. Gold loans are secured […]
What’s driving the boom in India’s gold loan market? – CNBC TV18
Gold rates surged to a record high of $2,580.81 per ounce on September 16, driven by a weaker dollar and expectations of deeper interest rate cuts in the US. So far in 2024, gold prices have risen nearly 23%, with a 35% increase over the past year. One of the key beneficiaries of this sharp […]
Gold loans in India: Which lenders offer lower interest rates and what’s fueling market growth – CNBC TV18
Gold loans are increasingly becoming a popular choice for borrowers in India. Driven by rising gold prices and competitive loan terms, this financing option offers a valuable solution for various financial needs. Here’s a comparative analysis of gold loan interest rates offered by major providers and the factors driving the surge in gold loan demand: […]
Demand for gold loans soars in India amid rising gold prices – CNBC TV18
Gold loan companies are benefiting from the recent surge in gold prices as a growing number of Indians are opting for gold loans. According to a CRISIL Ratings report, the demand for gold loans in June rose by 20% compared to May 2024. The report indicates that growth trends are visible, with June seeing a […]