Now Get Rs 85,000 Loan on Rs 1 lakh Gold
The Reserve Bank of India (RBI) on Friday announced a major change in the rules for gold loans, giving relief to small borrowers. The RBI has now increased the loan-to-value (LTV) ratio from 75 percent to 85 percent for gold loans up to Rs 2.5 lakh. What does a higher loan-to-value ratio mean? This means … Read more