“If you are applying for multiple loans, it impacts your credit score. Also what impacts is not just your payment history, even if you are honouring everything but if you are applying for huge amounts of loans, if you are overextending yourself, it could definitely negatively impact your credit score.”
Gold loan stocks rally after RBI hikes loan-to-value ratio limit and eases small loan norms
Gold loan stocks surged 2–7% after RBI raised the LTV ratio on loans under ₹2.5 lakh to 85%. Simplified norms reduce compliance burden, aiding lenders