A Comparative Study on Gold Loan Offered by Public Sector Banks and Non-Banking Financing Companies, Madurai

  • P Vanitha Malarvizhi Associate Professor in Commerce, Lady Doak College, Madurai, Tamil Nadu, India
  • A Angel Research Scholar in Commerce, Lady Doak College, Madurai, Tamil Nadu, India
Keywords: Banking Sector, Public Sector Banks, Non-Banking Financing Companies, Gold Loan, Gold loan margin, borrowers, Equated Monthly Installment, Bullet Repayment

Abstract

In today’s modernized world everybody prefer to avail gold loan as it can be availed within the short duration from Banking institution and Non-Banking Financing institution where the preference to other credit was comparatively lesser as it consumes time. This research study is related to a comparative survey of the gold loan offered by Public sector Banks and Non-Banking Financing Companies in Madurai. This study is focused on the preference of the borrowers in availing the gold loan, the awareness level of borrowers about lending norms, factors influencing borrowers to avail the gold loan, problems faced by the borrowers while availing gold loan and satisfaction level of borrowers towards Public sector Banks and Non-Banking Financing Companies in availing gold loan. An attempt has been made to collect information from 107 respondents from the borrowers of gold loan from Public sector Banks and Non-Banking Financing Companies in Madurai city. The data collected using an appropriate questionnaire were analyzed and interpreted using statistical techniques, and also the testing of the hypothesis was done, and conclusions arrived at whether the theories were accepted or rejected.

Published
2019-07-01
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