Repeat Gold Loan Borrowers Still Struggle, CIBIL Says
Customers with low-risk profiles are increasingly borrowing against gold again. Borrowers who missed more than one payment in the last six months were three times as likely to become delinquent. Repayment stress continues, according to CIBIL.
Context
Context: A gold loan lets a borrower pledge gold jewellery as security and get cash, and the lender can keep the gold if repayments are missed. CIBIL is India's best-known credit bureau, which tracks loan repayment records.
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