Comperative Study On Gold Loan At Tradewell Securities Limited

Abstract

This comparative study explores the gold loan offerings of two prominent Indian banks: State Bank of India (SBI) and HDFC Bank. Gold loans are secured loans provided against the pledge of gold ornaments or coins, serving as a viable financial option for individuals requiring quick access to funds. The research evaluates and compares various key aspects such as interest rates, loan-to-value (LTV) ratio, processing fees, repayment options, eligibility criteria, and customer satisfaction. State Bank of India, as a public-sector bank, has extensive reach, lower interest rates, and flexible terms for gold loans. In contrast, HDFC Bank, a private-sector bank, offers competitive rates, fast processing, and advanced digital platforms for loan management. The study analyzes the advantages and drawbacks of each bank's gold loan scheme, considering factors like ease of access, loan amounts, and customer service.