Gold Loan Renewal ENDS? How to Avoid Losing Your Gold? скачать в хорошем качестве

Gold Loan Renewal ENDS? How to Avoid Losing Your Gold?

Gold Loan: No More Interest-Only Renewal? There is a big change in the Gold Loan segment now. The system of renewing jewellery loans by paying only the interest due, was changed to cancellation of jewellery loans after paying the full amount and then, applying for a new loan again. Common middle-class people were depended more on gold loans not only because of its easy access, but also its renewing option. Earlier the borrower can only pay the interest at the end of one year and renew the gold loan, so that the loan tenure will be extended for one more year. But now that cannot be done anymore. The new instruction from RBI is to be followed by banks, co-operative banks and Non-Banking Financial Companies (NBFCs). This new norms are giving a hard time, particularly to economically vulnerable borrowers. Why RBI imposed such a rule which is making things difficult to common people? Since this new rule is in action now, what will common people do now? In this video I will explain why this new rule has been implemented, how can a borrower escape from fully repay the gold loan to renew it and what are the options you have when taking a gold loan from now on. 00:00 New Rule 01:49 Why This Rule 06:36 The Solution 07:50 Two Options Pishukkan Episode 166 #goldloan #goldloan_thallupadi #goldloanrule #rbiguidelines #goldloans #loantips #bankingtips