What Is A Gold Loan?
May 4, 2022 ·
3m 55s
A gold loan is among banks’ profitable loans as banks are free from the worry of non-performing assets (NPAs). This is because the jewelry that is taken as collateral remains...
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A gold loan is among banks’ profitable loans as banks are free from the worry of non-performing assets (NPAs). This is because the jewelry that is taken as collateral remains with the bank even if the borrower defaults on the payment of their monthly installments on their loan.
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| Author | Africa Business Radio |
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