FACTORS THAT INFLUENCES BORROWERS TO AVAIL GOLD JEWELLERY LOAN
| Autor: | D. V. Padmaja, Dr. K. Prince Paul Antony |
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| Rok vydání: | 2018 |
| Předmět: | |
| DOI: | 10.5281/zenodo.1219855 |
| Popis: | Gold loan facilities offered by scheduled Commercial Banks and NBFCs have its unique features, advantages and disadvantages. Gold loans by banks are offered at a lower rate of interest compared to NBFCs. This study aimed to assess the primary factors that gold loan borrowers considered while borrowing loan from either scheduled commercial banks or from NBFCs. The study inferred that the borrower take into consideration of following factors while availing bank loan from either scheduled commercial banks or NBFCs like: easy of loan availability, it best suited to small traders and retailers, procedures of re-pledging same loan in future, reputation and goodwill of lender, simple procedures followed for processing of loan, nature of depreciation of underlying assets and treatment of clients in case of default by the bank or NBFCs. The study found that the gold borrowers highly values the characteristics of lenders like: ethics practiced by them in lending loans, Values considered by the financiers, reliability and dependability of their services. The study observed that the sample gold loan borrowers have expressed high degree of satisfaction with the way they are treated in case of default in loan repayment on time by their financiers, safety ensured for the gold pledged, ease of loan availability and time taken by financial agencies for processing loans {"references":["1.\tAnanthakrishnan. V (2010), How gold loans became popular over the years-I, 11th October, http://www.moneylife.in/article/how-gold-loans-became-popular-over-the-years-i/9891.html 2.\tK. Veerakumar, \"A Study on People Impact on Demonetization\", International Journal of Interdisciplinary Research in Arts and Humanities, Volume 2, Issue 1, Page Number 9-12, 2017. 3.\tDon't ignore these five factors while taking a gold loan, Moneycontrol.com, 31st March, 2015, https://www.moneycontrol.com/news/business/personal-finance/dont-ignorefive-factors-while-takinggold-loan-1095385.html 4.\tGold Loan Market in India 2016-2020, http://www.businesswire.com/news/home/20160629005612/en /Gold-Loan-Market-India-2016-2020---Market. 5.\tMalvika Joshi (2017), NBFCs grabbing market share of banks, says BCG report, 6th November. 6.\thttp://www.livemint.com/Industry/ykq3Ik5000eHuvglcEeufM/NBFCs-grabbing-market-share-of-banks-says-BCG-report.html"]} |
| Databáze: | OpenAIRE |
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