Gold loan
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Transcript of Gold loan
Ankush Kumar
Gold Loans
Making Gold work for you!
Agenda:
Ankush Kumar
• Introduction• Features• Benefits• Gold Loans in India• Conclusion
Ankush Kumar
Introduction
•Pledging of gold ornaments, coins, etc.•The lender provides liquidity for that.•Predetermined rate of interest.
•Gold Loan is a hassle free finance option.
Customer’s Gold
Customer CompanyTemporary Transfer
Company’s Fund
Features:
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•Secured•Multipurpose•Low Disbursal time• High Loan to Value (LTV) Ratio•Shorter Loan Tenure •Varied Interest Rates•Multiple Repayment Options
Benefits:
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•You need not have to sell your gold for contingencies.•No charges for pre closing the loans.•Individuals of low income group or from rural/lower economic strata can also avail.•The interest rate is not fixed and depends upon the amount of gold pledged.•With the RBI's latest norms, the gold loan extended would be as low as 60%.•Quick & easy evaluation of property (gold).•whole disbursal process is quicker than personal loans.
Ankush Kumar
Gold Loans In India
Gold Demand & Loans in India:
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•The demand for gold in India is:•South India states accounting for around 40 % of the annual demand,•Followed by the West (25 %),•North (20-25 %) and •East (10-15%).•Rural India accounts for about 65 per cent of total gold stock in the country•Banks view gold loans for agriculture as a safer means to meet their priority sector lending targets •Commercial banks, cooperative banks and gold loan NBFCs Major players.•Thousand of branches spread all over the India.
Gold’s Demand Pattern in India
486 462 471 467
367
537
792707 716 679
743
871
975
1079Demand (Tones)
Ankush KumarSource: World Gold Council and Estimations from DGCI&S Data
Year 1999 Year 2012*
Gold Loans in India:
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Annual Growth Rate of Gold Loans:
2008-09
2009-10
2010-11
2011-12
0 10 20 30 40 50 60 70 80 90
52.5
62.6
67.2
78.3
Total Gold Loans (Per cent)
Source: RBI Report- Jan’13
Average Annual Growth (2008-2012) 65.5%
Conclusion:
Ankush Kumar
700 750 800 850 900 950 1000 1050 11000
102030405060708090
Demand of Gold (Tones)
Gro
wth
% o
f Gol
d Lo
ans
•Gold Loans Services are the Win-Win situation for both the parties.•Demand of Gold increasing rapidly in India & showing the strong co relation between the growth of Gold Loans & demand of gold in last 4 years
Ankush Kumar
Thank You