Money

Digital financial service providers, neo banks, have been offering cross-border banking solutions, making the process instant, cost-effective and in a digital manner. Around $30 billion is remitted outside India per annum, in terms of expenses such as overseas education fees, maintenance of close relatives, investments in foreign equity, deposit, travel etc. A majority of these
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Lenders usually sanction a loan amount not more than 75% of the pledged gold’s current market value. High accessibility of loan collateral, usually lower interest rates than secured financing facilities like personal loans, possibility of quick and hassle-free loan disbursal, and lesser reliance on the borrower’s credit score make gold loans one of the most
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