Sunday, July 26, 2020

As prices of gold reach new heights, some see a golden chance to settle their loans

According to RBI regulations, up to 75% of the value of the gold can be lent. Rising gold prices have meant that loan-to-value (LTV) is higher by Rs 500 per gram on the same jewellery.

source https://economictimes.indiatimes.com/industry/banking/finance/as-prices-of-gold-reach-new-heights-some-see-a-golden-chance-to-settle-their-loans/articleshow/77190747.cms

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