Life is a complex puzzle! It can put you in tough situations or difficult hurdles on the way. Many a time, money might be required to resolve the issue. Obtaining financial support from banks or NBFCs may not be easy during such a scenario. You will be presented with many complex formalities for the approval of loans.
Manappuram Finance established an eminent position among the gold loan companies in India. Nothing less than dedicated support to the customers and client-oriented services are behind this prestigious feat. The positive factors like the lowest gold loan interest rate and the easy approval of gold loan have made it the best gold loan company.
The gold loan has been the best way to meet financial requirements in an emergency scenario. The loan against gold business has increased manifold in recent years. The flagging business situation, due to the prevalent pandemic, has been the predominant factor in the increase of gold loans. Furthermore, the interest of gold loans has been favorable for the borrower compared to personal and business loans.
The US has an inflation problem
A jump in US inflation may pressure the Fed to tighten monetary policy sooner than expected. How would India fare in that scenario?
There is no doubt that the US economy is facing an inflation problem. And the risk is that if it is not handled with care, it can get out of hand.
I write in continuation of my earlier article “Gold: Outlook for 2021 and the competition from crypto currencies” published in the February 2021 issue of this magazine. In that article, I had looked at how investors, uncomfortable with the surge in money printing by central banks, have fuelled a rush of money into digital cryptocurrency. The returns on gold during calendar year 2021 were far outstripped by the multi-fold rise in Bitcoin and other digital cryptocurrencies.
Gold loan companies have been the saviour in times of urgent needs. Mortgaging the gold ornaments at the lowest gold loan interest rate, people could find the fund for varying requirements. A prominent factor to note here is that India is one of the biggest importers of gold.
Above all, India is the biggest importer of gold for domestic purposes. The yellow metal has been of multiple use for individuals. It is one of the safest tangible investments. Further, the gold ornament can be used for a gold loan with low interest during a financial crisis.
By V. P. Nandakumar
These days, we hear a lot about a trend in the markets called ESG investing, and about all the money flowing into it globally. ESG stands for Environmental, Social, and Governance, being the three broad areas of concern that drive certain market players who regard themselves as “socially responsible investors.” They believe in going beyond the traditional concerns related to the profitability and risks of the business to also give due importance to ESG factors when evaluating an investment opportunity.
Safety of the gold ornaments pledged at the gold loan companies is the resp0onsibility of the firm. NBFCs and gold loan banks must have secured systems in place to prevent any unfortunate incident like burglary, destruction due to fire, or misplacement.
Manappuram Finance, the most trusted gold loan company in India, has been offering loan against gold at a significantly lower interest rate than the other gold loan companies have. The competitive interest rates on the gold loans have been the key characteristic that attributed to our growth.
A loan against gold or gold loan has been the most-opted finance option. The past couple of years registered a quantum leap in the increase in the number of gold loans in the country. Believably due to the financial crisis, the citizens were subjected to owing to the pandemic situation.
When the first wave of the Covid-19 pandemic hit the world in March 2020, panic swept through stock markets everywhere including India, and share prices tumbled across the board. However, the story since then has been quite different, as stock markets quickly went on to recoup their losses and post handsome gains thereafter. In India, the Nifty 50 has doubled from its March 2020 lows, driven both by foreign investors who put in $14 billion in FY 2021 and domestic inflows amounting to about $25 billion in the same period.