By V.P. Nandakumar

Soon after the first phase of the lockdown was over and NBFCs were allowed to resume operations at their branches, there was much interest in the financial media about how gold loans would hold up in the current scenario where economic activity is at a low and GDP growth is heading into negative territory.

Investing in Gold  and options for the retail investor
 
By V.P. Nandakumar
 

From a single-room office at a small coastal fishing village in Kerala to a much-acclaimed Non-Banking Finance Company with branches spread all over India, the journey was never a cakewalk. There were moments of hesitation, and many challenges and setbacks that lurked at every turn. In marching ahead undeterred, lay the wise option.
 

By V.P. Nandakumar
 

By V.P. Nandakumar

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.