Key Points
Please remember that this rate of interest is not regulated by the RBI, the way home loan rates are regulated..
If you are looking at a very short tenure, maybe you do not end up paying as much, but if you say you are doing somewhere between six to nine months, correspondingly the charges are going to increase.. All that glitters is not always gold and that is what we are seeing for all those NBFCs where there has been a strike down from RBI and another lot of NBFCs are also on radar..
Aparna Ramachandra: Yes, there is a concern, but then it cannot be a right or a wrong answer because there are good sound NBFCs and there are also banks who are giving gold loans..
The accessibility, the ability to get loans with less documents, especially when we all know that a gold loan is something that a person is looking at for a short term and in an emergency.. Unlock Leadership Excellence with a Range of CXO CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Chief Product Officer ProgrammeVisitIndian School of BusinessISB Chief Technology OfficerVisitIIM LucknowIIML Chief Executive Officer ProgrammeVisit..
Aparna Ramachandra: In an ideal case scenario, that should be your last option because you try all your other sources and then go for a gold loan . because in case something were to happen and you are not able to repay, then that whatever family gold, your gold, whatever gold, that gold is gone..
