Diwali 2022 – Golden shimmer this season as ‘Digital Gold’ gains popularity
The festive season has always heralded a demand for gold and in this season industry is observing a highly positive consumer interest towards the precious metal.
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Indel Money raises Rs 50 crore via market-linked debentures
Indel Money, the flagship company of Indel Corporation and gold loan non-banking finance company has raised Rs 50 crore via first tranche of its principal-protected market-linked debentures (MLDs). Issued on August 30, 2022, through Yubi (formerly CredAvenue), a fintech debt marketplace, the MLDs offer a fixed coupon rate and come with the tenors of 16 and 18 months.
Indel Money plans to raise additional ₹250 crore by issuing the second tranche of the MLDs in Q3FY23 – more
RBI monetary policy: Here’s how a 4th rate hike will impact gold loans
RBI is set to announce bi-monthly monetary policy outcomes on September 30. Expectations of a fourth rate hike have taken rounds in the range of 35-50 basis points.
Read MoreIndel money enters the personal loan industry
Read MoreIndel Money launches digital personal loan on mobile app, e-portal
Indel Money Limited, the gold loan NBFC, has launched on its mobile app and e-portal a digital personal loan. Initially offered for its existing customers, the service will be completely digitized with faster loan disbursement experience.
Read MoreIndel Money looks at Rs 15 cr monthly disbursements for next six months via digital personal loan: Umesh Mohanan
Indel Money is targeting approximately Rs 15 crore monthly for the next six months,” Mohanan said.
Read MorePersonal loan: Indel Money forays into personal loan segment & More Loans News
Indel Money, a non-banking finance company specialising in gold loans, has entered the personal loan segment.
Initially, the facility will be available to its existing gold loan customers, the company said. It will later be expanded to a broader segment.
Indel Money Forays Into Personal Loan Segment
Indel Money, a non-banking finance company specialising in gold loans, has entered the personal loan segment.
Initially, the facility will be available to its existing gold loan customers, the company said. It will later be expanded to a broader segment.
Personal loan: Indel Money forays into personal loan segment
Indel Money, a non-banking finance company specializing in gold loanshas entered the personal loan segment,
Initially, the facility will be available to its existing gold loan customers, the company said. It will later be expanded to a broader segment.
Personal loan: Indel Money forays into personal loan segment & More Loans News
Indel Money, a non-banking finance company specialising in gold loans, has entered the personal loan segment.
Initially, the facility will be available to its existing gold loan customers, the company said. It will later be expanded to a broader segment.
