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Rohan Saha

Founder - Burn Inves... • 1m

Good news for anyone taking gold loans and for gold loan companies too, The RBI has just increased the loan to value ratio from 75% to 85%. Simply put, if your gold is worth ₹1 lakh, you can now get a loan of up to ₹85,000 instead of the earlier ₹75,000. But there’s a small condition: to get the full 85%, your gold’s value must be under ₹2.5 lakh. If it’s more than that, the old 75% rule still applies. This move is mainly to help small borrowers.

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