Gold based financing; 'loan to buy gold and gold to buy loan'
By Vaibhav Aggarwal
Print    Email    RSS   
Gold has always been considered as one of the prime assets in our country because of its monetary value, its association with Goddess of Wealth Lakshmi, and also because of the emotional value one associates. The importance of gold can be valued from the fact that it is one of the heritages alongside land which is passed over from one generation to another.

With increasing disposable income, and more liberal outlook towards lifestyle, gold based financing has picked up pace in the last decade. People are now willing to keep their gold as collateral with lenders, which was once considered a taboo. Although major banks like HDFC Bank, ICICI Bank offer loans against gold as collateral, but it is the lenders like Manappuram and Muthoot have specialized in the field and gained popularity with those seeking funds.

Gold Loans or Loan against Gold

The gold loans can be differentiated from personal loans in the way that the gold loans are backed by a security and consume lesser paper work, against personal loans which do not have any collateral and require more paperwork to. Gold loans also offer a higher loan to value (LTV) compared to personal loans, which means lesser margin from the borrower's end.

Loan to Value formula

Page  | 123 |  
(Comments Posted : 3) Post Your Comments
1. Do you need a Loan?
Are you looking for Finance?
Are you looking for a Loan to enlarge your business?
I think you have come to the right place.
We offer Loans at low interest rate.
Interested people should please contact us on
For immediate response to your application, Kindly
reply to this emails below only:
call or add us on what's app +1 323-406-1670
Mustapha Mahmood (Posted: Nov 7, 2016)
2. I want to but gold. Can u please suggest me am i eligible to apply gold loan and i want the details to apply for gold loan.
deepika vummidi (Posted: Dec 18, 2013)
3. Gold Loan is the best financial assistance to those who need urgent cash. This deal allows a person to come out from financial darkness of life. The < a href=””> Loan Against Gold is the deal which is sold at low rates in market. The person who earns nothing can avail this facility.
Amandeep (Posted: Apr 12, 2013)
Show All Comments
 Select a product:

 Select a product:

Now, Do Banking on Social Media Sites
Gold based financing; 'loan to buy gold...
An analysis of alternatives to personal loans
Consolidation good for creating healthier...
Carnival of Indian Personal Finance Blogs #6

Powerful Traditional Healer - Extreme Lover Spell...
Lost Love Spell Caster - To Fix Relationship...
Love Spells Caster Baba Wanjimba Call +27736844586
HOTEL: CaℒL Giℛℒs In Kharar 09855660911...
Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
What is the outstanding Amount for my personal loan

LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive