Housing, commercial vehicle and term loans fall 23-85% in the September quarter; gold loan reports growth
The trend, which has prompted some lenders to impose restrictions as risks and borrowing costs rise, has been accelerated by record gold prices
Ideally, you should take this loan from a bank or an NBFC, and not from a player in the informal sector, who could fleece you
Here are the rates and charges offered by key banks and NBFCs on gold loans
NBFCs charge higher interest rates than banks, but offer faster disbursement with minimum paperwork
Companies reach peak levels after fall witnessed since regulatory tightening in 2012
A research report by India Infoline adds that the shift to shorter tenure products will help in ensuring a robust asset quality as the interest loss arising is limited