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.

Loanclopedia

Africa Business Radio

What Is A Gold Loan?

MAY 4, 20223 MIN
Loanclopedia

What Is A Gold Loan?

MAY 4, 20223 MIN

Description

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.