Gold loan rates may surge as lenders move to end teasers - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Gold loan rates may surge as lenders move to end teasers

With monthly interest repayments, gold loans are currently available at interest rates of 6.9% a year, for ticket sizes above ₹2 lakh and loan to value ratios of 70%. In bigger markets such as Kerala and Tamil Nadu, loans are available at 6.5% for ticket sizes above ₹ 1 lakh.

from Industry-Economic Times
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