Highlights

  • Radian finserv started ops in 2022
  • Firm has 35 branches and has served around 5,000 customers

Latest news

De Minaur beats Rudd to become first player to win consecutive titles in Mexico since 2012

De Minaur beats Rudd to become first player to win consecutive titles in Mexico since 2012

Australia's  Will Pucovski suffers concussion after taking blow on head

Australia's Will Pucovski suffers concussion after taking blow on head

'Something happened to us': Spanish woman narrates Jharkhand rape ordeal, takes down clip later

'Something happened to us': Spanish woman narrates Jharkhand rape ordeal, takes down clip later

BJP fixes candidate list for Assam, old one missed delimitation

BJP fixes candidate list for Assam, old one missed delimitation

Calling unknown women ‘darling’ is sexually coloured remark: Calcutta High Court

Calling unknown women ‘darling’ is sexually coloured remark: Calcutta High Court

'There is only one MS Dhoni': Sunil Gavaskar clarifies his massive verdict on Dhruv Jurel

'There is only one MS Dhoni': Sunil Gavaskar clarifies his massive verdict on Dhruv Jurel

Cab driver slaps Delhi man travelling with 6-year-old son, netizens demand action

Cab driver slaps Delhi man travelling with 6-year-old son, netizens demand action

Pakistan denies India claim after shipment meant for 'nuclear programme' seized

Pakistan denies India claim after shipment meant for 'nuclear programme' seized

Startup to Scaleup| Focus on Radian Finserv that aims to transform the gold loans landscape

Bulk of gold in India is not monetised says Sumit Sharma, Co-founder of Radian Finserv

Startup to Scaleup| Focus on Radian Finserv that aims to transform the gold loans landscape

When faced with financial emergencies, individuals often grapple with the choice between a personal loan and a gold loan. While personal loans offer convenience, gold loans present distinct advantages: quick access to funds, collateralized security, lower interest rates, flexibility in usage, repayment options, and minimal documentation. To delve deeper into this topic, we interviewed Sumit Sharma, Co-founder of Radian Finserv for our 15th episode of the Startup to Scaleup show.

Founded in Bangalore in 2021, Radian Finserv gained notice in the financial services sector for its unique gold loan approach. It swiftly expanded to 35 branches, serving approximately 5,000 customers, demonstrating notable growth in a brief span.

Also read/watch - Startup to Scaleup: Focus on Sugmya Finance which is transforming micro-lending with its digital focus

Sharma highlighted that Indian households have the largest gold holdings globally, surpassing even the gold reserves of the United States government. However, he added that the potential of this substantial gold reserve in Indian households, estimated at 25,000-28,000 tons, remains untapped. Sharma emphasized that most of these gold holdings remain unutilized or non-monetized. However, he noted a growing comfort among individuals in leveraging gold loans, signifying a changing attitude towards utilizing this dormant asset for financial support.

Also read/watch - Startup to Scaleup: FableStreet, brand that redefines western workwear for Indian women

While discussing some tips for gold loan customers, Sharma cautioned that while low-interest rates might seem attractive, they often come with various conditions and complexities.

Sharma also emphasized the importance of responsible borrowing, urging customers to be diligent and mindful of the fine print regarding repayment terms. "This is crucial to avoid unforeseen challenges and ensure a smooth borrowing experience while using gold as collateral," Sharma added.


Up Next

Startup to Scaleup| Focus on Radian Finserv that aims to transform the gold loans landscape

Startup to Scaleup| Focus on Radian Finserv that aims to transform the gold loans landscape

Info Edge apps restored on Google Play amidst government assurance

Info Edge apps restored on Google Play amidst government assurance

Anant Ambani-Radhika Merchant pre-wedding celebration cost revealed

Anant Ambani-Radhika Merchant pre-wedding celebration cost revealed

Sensex, Nifty hit another record high during special trading session

Sensex, Nifty hit another record high during special trading session

Google removes Naukri and 99acres apps from play store over billing policy violations

Google removes Naukri and 99acres apps from play store over billing policy violations

Paytm Payments Bank hit with Rs 5.49 cr fine for money laundering violations

Paytm Payments Bank hit with Rs 5.49 cr fine for money laundering violations

More videos

Invest Smart 2024: Financial products every woman should invest in

Invest Smart 2024: Financial products every woman should invest in

Elon Musk sues OpenAI and CEO Sam Altman for contract breach

Elon Musk sues OpenAI and CEO Sam Altman for contract breach

February GST collection at Rs 1.68 lakh crore, up 12.5%

February GST collection at Rs 1.68 lakh crore, up 12.5%

97.62% of Rs 2,000 currency notes returned; says RBI

97.62% of Rs 2,000 currency notes returned; says RBI

Rihanna's whopping paycheck for Ambani pre-wedding event revealed

Rihanna's whopping paycheck for Ambani pre-wedding event revealed

Stock exchanges BSE and NSE to conduct special live trading session on Saturday; here's why

Stock exchanges BSE and NSE to conduct special live trading session on Saturday; here's why

From tax-saving deadline to FASTag KYC: Here are 5 critical dates you can't miss in March 2024

From tax-saving deadline to FASTag KYC: Here are 5 critical dates you can't miss in March 2024

GDP for Q3 FY24 forecast to be 6.8%: SBI Ecowrap

GDP for Q3 FY24 forecast to be 6.8%: SBI Ecowrap

Markets spike, hit new record highs after better than expected GDP numbers

Markets spike, hit new record highs after better than expected GDP numbers

Gold, Silver Price Today March 01, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Gold, Silver Price Today March 01, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.