The following steps highlight a typical application of gold loan and its processing:
The following steps highlight a typical application of gold loan and its processing:
Visit Nearest BFPL Branch
Real Time Gold Valuation & Instant Approval.
Immediate Disbursement
It is estimated that Indian households hold about 25,000 tonnes of gold. In comparison, the US treasury holds about 8,000 tonnes of gold and RBI less than 600 tonnes. The approximate value of gold privately held in India is about 50 lakh crore–that is 35% of our GDP and 60% of our bank deposits. It is not easy to modify the sense of security a saver associates with gold.
Gold is is perhaps the only element which retains, its value and protects against inflation, with its value rising with the cost of living, often reaching its highest value during periods of high inflation.
Around 8 lakh crore of Gold is pledged every year across Nationalised & Private Banks, NBFCs and large pool of local nearby Jewellers.
We anticipate that economic growth and greater transparency within India’s gold market will push demand higher: by 2020 we see Indian consumers buying between 850t and 950t.
Gold has always been a timeless investment vehicle. Be it for children’s marriage, education, future security, medical emergencies, investment in other assets or retirement funds, Gold has always been the knight in shining armour for Indians. Gold holds an emotional value far superior to any monetary compensation, which is why people would rarely sell it, but most of the times they would want it to earn them money rather than lying idle.
Easy to apply for a loan with us, Once you have complete this form.
