MONTHLY INTEREST
Monthly
| Series | Tenor | Coupon p.a. | Yield p.a. |
|---|---|---|---|
| Series 1 | 400 Days | 9.00% | 9.38% |
| Series 3 | 24 Months | 9.50% | 9.91% |
| Series 5 | 36 Months | 10.00% | 10.46% |
| Series 7 | 60 Months | 11.00% | 11.56% |
| Series 9 | 72 Months | 11.50% | 12.12% |
CUMULATIVE INTEREST
Cumulative
| Series | Tenor | Yield p.a. |
|---|---|---|
| Series 2 | 400 Days | 9.00% |
| Series 4 | 24 Months | 9.50% |
| Series 6 | 36 Months | 10.00% |
| Series 8 | 72 Months | 12.25% |
CREDIT RATINGS
ABOUT THE COMPANY
Incorporated in 1986, Indel Money Limited is a non-deposit-taking non-banking finance company (NBFC) registered with RBI. The company deals in the gold loan sector, lending money against the pledge of household gold jewellery. The company also provides loans against property, business loans, and personal loans.
The company is present in the states of Haryana, Uttar Pradesh, Delhi, Madhya Pradesh, Odisha, Maharashtra, Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, Telangana, Andaman and Nicobar, Gujarat, and the union territory of Puducherry.
The Gold Loan portfolio for the quarter ended June 30, 2024, and Fiscal 2024, 2023, and 2022 amounted to Rs 91,481.95 lakhs, Rs 87,376.26 lakhs, Rs 57,923.24 lakhs, and Rs 42,275.76 lakhs, which is 85.70%, 84.64%, 79.35%, and 80.51% of the total loans and advances as of those dates.
The company's gold loan customers are primarily from rural and semi-urban areas. As of August 31, 2024, the company had a network of 320 branches spread in Kerala, Tamil Nadu, Karnataka, Odisha, Maharashtra and Telangana, and the union territory of Puducherry. The company's web-based centralized IT platform records all branches' details and handles the loan's management and related information. The company has also launched its web applications on the Google Play Store & and the iOS App Store. The company has developed its web-based payment portal named E-Connect which helps makes business operations more efficient.
As of August 31, 2024, the company had a total of 1731 employees.
Competitive strengths of the company
Non-deposit-taking NBFC in the Gold Loan sector in South India with a long operating history
Long-term gold loan schemes that are beneficial for customers
Doorstep delivery of gold loans
Well-established and growing branch network across rural and semi-urban areas in South India
The experienced management team and skilled personnel
+ Read More
The company is present in the states of Haryana, Uttar Pradesh, Delhi, Madhya Pradesh, Odisha, Maharashtra, Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, Telangana, Andaman and Nicobar, Gujarat, and the union territory of Puducherry.
The Gold Loan portfolio for the quarter ended June 30, 2024, and Fiscal 2024, 2023, and 2022 amounted to Rs 91,481.95 lakhs, Rs 87,376.26 lakhs, Rs 57,923.24 lakhs, and Rs 42,275.76 lakhs, which is 85.70%, 84.64%, 79.35%, and 80.51% of the total loans and advances as of those dates.
The company's gold loan customers are primarily from rural and semi-urban areas. As of August 31, 2024, the company had a network of 320 branches spread in Kerala, Tamil Nadu, Karnataka, Odisha, Maharashtra and Telangana, and the union territory of Puducherry. The company's web-based centralized IT platform records all branches' details and handles the loan's management and related information. The company has also launched its web applications on the Google Play Store & and the iOS App Store. The company has developed its web-based payment portal named E-Connect which helps makes business operations more efficient.
As of August 31, 2024, the company had a total of 1731 employees.
Competitive strengths of the company
Non-deposit-taking NBFC in the Gold Loan sector in South India with a long operating history
Long-term gold loan schemes that are beneficial for customers
Doorstep delivery of gold loans
Well-established and growing branch network across rural and semi-urban areas in South India
The experienced management team and skilled personnel
+ Read More