Gold loans may soon come with monthly payment plans
Tue, Nov 19, 2024 2:47 PM

Gold loans may soon come with monthly payment plans

A Flip by Shubhangi Gupta
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After the Reserve Bank of India (RBI) pointed out deficiencies in gold loan disbursals by banks and gold loan companies, the industry is now planning to introduce monthly amortisation plans. Under this, regulated entities could ask consumers to begin paying interest and principal in equated monthly instalments as soon as the loan resumes.

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