Are Gold Loans the right choice in the current Financial crisis?
The Market dynamics have been changing and it can be witnessed in the current scenario. We mentioned Gold Loans as an option to meet short term emergency fund requirement and this has seen a huge surge in recent times. Today, the Gold Loan companies are on a disbursing spree, their stocks have seen significant jump even in this COVID era. Various banks, that were sluggish in lending gold loans, are now setting up Gold loan divisions, even in their semi-urban and rural branches. In a nutshell, today Nationalized banks and NBFC’s are gunning to make Gold Loans as their key offerings.
You can check out other posts related to Financial Awareness under my header “Money Mantra”
Why are Gold loans trending in the Financial sector in 2020?
Gold has a special place in Indian society. It is an asset viewed both as an…