Results for tag: "Gold Loan"

The Gold Loan market is a segment of the Credit and Loans industry that provides short-term loans to individuals and businesses using gold as collateral. Gold Loan products are typically used to meet urgent financial needs, such as medical expenses, tuition fees, and other emergency expenses. Gold Loan products are usually unsecured, meaning that no other collateral is required. The loan amount is determined by the value of the gold, which is usually determined by the current market price. Interest rates are typically higher than other loan products, but the repayment period is usually shorter. Gold Loan products are popular in many countries, particularly in India, where gold is seen as a symbol of wealth and security. Gold Loan products are also popular in other countries, such as the United States, where they are used to finance small businesses. Some companies in the Gold Loan market include Muthoot Finance, Manappuram Finance, and IIFL Gold Loan. Show Less Read more