Page 2 - Gold Loan

Muthoot Finance Q4 net profit up 22% at Rs 996 cr; loan assets up 27%

Gold loan finance company Muthoot Finance Ltd (MFIN) on Wednesday reported a 22 per cent jump in standalone profit after tax at Rs 996 crore for the three months to March 2021.

Manappuram Finance consolidated Q4 net up 17.6% to Rs 468 cr, NII up 7.2%

Mulls listing of MFI subsidiary

Cash-strapped patients with Covid-19 infection can consider loans

In a health emergency, speed of disbursement is more important than cost

India gold lenders cut tenor, seek more collateral as prices plunge

Gold loans had boomed over the past year as small businesses tried to revive themselves from lockdowns by pledging family jewelry that's a staple of almost all Indian households

Will gold loan lose its sheen?

In August 2020, when RBI raised the LTV for gold loans to 90 per cent, effective till March 2021, gold price was at a record high. It's time to pare the LTV for de-risking the lenders

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