Gold Loan is a type of secured credit against ornaments. Generally, higher-purity jewelry gets a more significant loan amount. Also, it is advisable to pledge jewelry that has minimum diamonds and stones, as these decrease the net load of your adornments.
Profitability is subdued due to aggressive expansion (at the end of 1QFY23, the company had 5,000 gold loan branches, 4.2x higher than at FYE19). Further, auction-related losses are increasing.
Interest Rates
If you are planning to avail of a gold loan from KLM Axiva Finvest Ltd, you should know that the company offers competitive interest rates. The company also allows you to repay your gold loan in EMIs. However, if you wish to prepay your gold loan, you will have to pay a prepayment charge of 2% of the principal amount.
In order to avail of a gold loan from KLM, you will need to submit several documents. These include proof of identity, proof of address, and photographs. You will also need to submit the original gold jewelry that you plan to use as collateral security for your loan. Once the gold is appraised, you will receive a loan amount based on its value.
A gold loan from KLM is a great way to get money fast, and the documentation is simple. You can even apply for a gold loan online. The application process is fast, and you can be approved in a matter of minutes.
Generally, the gold loan interest rate varies with the purity of the metal used for collateral. Higher purity means lower gold loan interest rates, while lower purity means higher gold loan interest rates. The company also offers different rates for varying amounts of gold.
You can use any gold jewelry for collateral, including rings, necklaces, anklets, and bracelets. The amount you can borrow depends on the purity of the gold and the weight. In addition, the company requires that you have a valid bank account and a steady source of income.
KLM Axiva Finvest Ltd is one of India’s leading gold financing firms, with a solid customer base and high profitability. It is a systemically important non-deposit-taking NBFC and offers loans secured by gold. The company has a strong presence in South India and is aiming for pan-India expansion. Its aggressive branch expansion strategy has increased its operating expenses and impacted its profitability.
KLM Axiva Finvest Ltd’s Gold Loans are a popular choice among many borrowers because of their competitive interest rates and easy documentation. The company has an extensive network of branches and provides door-to-door service. The company also offers flexible repayment terms, making it a good option for people who need emergency cash.
LTV
Gold is one of the most popular metals that people invest in. It is known to be a safe and reliable asset and has an excellent return on investment. Moreover, it is an important source of income for many families. Therefore, it is essential to consider the different factors that influence the price of gold before you make any decisions. Having a good understanding of these factors will help you make better investments in the future.
KLM Axiva Finvest Ltd is a leading NBFC in India that offers gold loans at competitive interest rates. The company also offers flexible repayment terms and a no-credit check process. This makes it an excellent option for individuals with poor or limited credit histories.
The company is focusing on expanding its presence in the gold loan market. As of 1QFY23, it had a total of 5,00 gold loan branches, which is 4.2x higher than the number of branches in FY18. However, the aggressive expansion has led to higher operational expenses (opex to loan assets; 1QFY23: 8.82%, FY22: 6.97%), thereby impacting profitability.
Availing of a gold loan is simple and easy and can be done online or at any of the KLM Axiva Finvest Ltd branches. The company accepts both hallmarked and unhallmarked jewelry for lending. However, it is preferable to pledge hallmarked jewelry because this will increase the chances of receiving a more significant loan amount.
KLM gold loan offers a competitive rate and is an excellent alternative to traditional loans. This is especially true if you are in need of immediate funds. You can receive the money you need within a short period and pay it back over an extended term. In addition, KLM gold loans offer a competitive interest rate and flexible repayment options.
The company is focused on growing its gold loan portfolio in order to increase its overall granularity and improve its loan book quality. This is a significant goal and will likely be a key monitorable for the agency. In the meantime, the company has seen a slight decline in its non-performing assets (NPAs) as a percentage of its total loan portfolio. This is a positive development and should be supported by the growth of the gold loan book over the medium to long term.
Purity
The purity of the gold is one of the critical factors in determining the amount of loan that a bank offers. The higher the purity, the more money you can borrow. Most banks use in-house valuers to assess the purity of the jewelry that is pledged. They also use a past 30 days’ average price of 22-carat gold to calculate the value of the jewelry. They also reduce the weight of gems and stones in the jewelry to calculate the net weight.
The Klm gold loan is an excellent option for those who need to borrow a large sum of money for various purposes. You can use it for weddings, debt settlement, maternity expenses, education, and other expenditures. It is easy to apply for a gold loan, and you can get the funds within 24 hours. The repayment tenure is flexible, and you can choose from a variety of tenors.
To qualify for a Klm gold loan, you must be at least 18 years old and have a valid ID card and proof of income. You will also need to submit a recent photograph. The company has a dedicated customer service team, and they will help you complete the application process quickly. The process is also convenient and secure. You can apply online or in person.
Overall Asset Quality Improving, but Elevated Delinquency in Non-Gold Loan Book:
The loan against the gold book has seen an improvement in the portfolio-level asset quality since the company made it its primary loan product (90+dpd at 1HFY23). The delinquencies have remained under control due to the inherent strength of the collateral, which is easy to liquidate. However, the portfolio remains exposed to market risk from volatility in gold prices.
KLM Axiva Finvest Ltd is one of the leading gold financing companies in India. It has a pan-India presence and offers a variety of services to its customers, including home loans. The company has a reputation for providing affordable and competitive terms, and its representatives can answer any questions you may have. The company has also introduced a prepaid credit card that is available to all customers.
Weight
KLM gold loan provides cash to overcome monetary difficulties by pledging gold jewelry. The loan amount depends on the weight of the jewelry, which a gold valuer assesses. The higher the purity of the jewelry, the more valuable it will be, and therefore, it will have a greater weight. It is also preferable to choose adornments that contain minimal diamonds and stones, as the weight of these items reduces the overall load of the adornment.
The Klm gold loan calculator will process the information that you input and determine the maximum loan amount you can receive based on the gold LTV ratio and the purity rate of your jewelry. Once the information is processed, you will be able to select the purity rate and the karat that you want to use as collateral. After that, you will be able to receive a quote from the bank.
The Klm gold loan is an excellent option for those who need quick cash, especially those with low CIBIL scores. In addition, it offers the lowest interest rates of any unsecured loan. The company also has an excellent track record of managing delinquencies in its portfolio of loans against gold. Its NPAs remained at 0.25% in 1HFY23, compared to 9% for its microfinance and LAP portfolios. Its growing presence in the gold finance market could help it increase its revenue and profitability over the long term.
