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.

By V.P. Nandakumar
 
The General Electric company (GE), one of the oldest and most well-known names in the corporate world that counts Thomas Alva Edison as one of its founders, is breaking up. On November 9, GE announced plans to split into three separate companies for its aviation, healthcare, and energy businesses. The news marks the end of an era.
 

By V.P. Nandakumar

Loans offered by gold loan companies provide innumerable benefits to their borrowers. From providing quick, immediate processing to charging minimal additional costs, they allow you to make the most of it in no time. Opting for a gold loan is a really easy process, as it involves signing little to no documents, issuing your gold articles as security and getting the required cash in hand.
 

A gold loan is a type of credit borrowed from banks or lenders that avails you of the choice to pledge your gold articles as collateral security in return for cash. You get the amount based on the quantity of gold held as collateral and its purity (whether it is pure gold or has precious stones studded to it). The cash you receive can help you look after your financial requirements. Also, the jewel loan interest rates are considered low in the case of gold loans. This, along with many other reasons, will tell you why you should opt for a gold loan during the corona outburst.

A gold loan is a secured loan where the borrower keeps the gold with a bank or financial institution and avails money against it. A gold loan is similar to a mortgage loan where the owner keeps their house or any asset as a mortgage with the bank to take a loan against it.
 
A loan against gold serves as a source of instant supply when a person needs capital immediately. A person applying for a gold loan should know all the pros and cons associated with this type of loan.

Who Should Opt For Gold Loan?

Manappuram Finance Ltd is an Indian Non-Banking Financial Company (NBFC) based in Kerala. With over 4,000 branches across 25 states, it is one of India's leading gold loan NBFC's.
 
Here are a few unique facts about Manapuram Finance.

1.Instant Gold Loan at your Doorstep

The outlook for gold in 2022
By V.P. Nandakumar

A loan against gold is a credit facility you can immediately avail by pledging your gold articles as collateral security in return for cash. This type of loan is mainly taken if one has high and urgent financial requirements, like severe cash crunch and what not. Gold loans are more preferable to personal loans or credit cards due to various reasons. They do not involve the chaos and delays in the processing of loans, do not charge additional processing fees, and are easy to handle.