By V.P. Nandakumar

Ever since the outbreak of Covid-19 forced authorities to impose lockdowns and other restrictive measures, organisations around the world have been engaged in a race against time to reinvent and transform themselves and become battle ready for the “new normal.”

Nothing less than revolutionary - this is how we prefer to describe the new Online Gold Loan (OGL) app from Manappuram Finance Limited. We have leveraged technology and our safelock feature efficiently to come up with this unique and novel service. The Online Gold loan (OGL) app allows you to avail gold loans anytime from any nook and corner of the world.

How does OGL work?

For generations now, gold has managed to attract admiration. It isn't just jewellery, it has also been a saviour for many, acting as collateral to get hold of some quick loans. 

Identifying the differences between gold loan schemes, services and facilitators is the key to choosing the best gold loan in India. 
Doorstep gold loan is a new concept in India and its growing popularity is due to constraints imposed by the current pandemic. People no longer need to visit their branches for banking, even for the essential matters. Getting a gold loan, paying interests and transferring funds are all done from the comfort of your home.

In recent years,  gold loan companies have rapidly expanded their branch network across the northern and eastern states of the country.

Moving ahead, these companies are set to leverage their current branch network and infrastructure to maximize customer outreach.

Even the most adverse periods in recent history have not been without its opportunities and prospects for improvement. Do not allow these possibilities to pass you by just because of a financial constraint. 

By V.P. Nandakumar
 

By V.P. Nandakumar
 

By VP Nandakumar
 
Gold was one of the best performing major assets of 2020, which will go down in history as the year of the great pandemic. Its rise was driven primarily by the flight to safety and diminished risk appetite in the face of the worldwide economic slump. Gold is, after all, known as a safe haven asset. Once the pandemic began to wreak havoc, its rise was only to be expected.
 

Interest rates in India likely to rise

By VP Nandakumar

By VP Nandakumar 

In recent months, gold prices have fallen significantly from the highs recorded last year following the widespread economic disruption after Covid-19. The international price of the metal had crossed US$ 2,000 per troy ounce in August 2020 but has now declined to about US$ 1,700 currently. Given this volatility, it is no surprise that gold loan financiers should be flooded with media queries about the likely impact of such a price correction on their profitability and growth prospects.