Did you know? Gold loans in India are projected to cross ₹10 lakh crore in FY25 and surge to ₹15 lakh crore by 2027!
🏆 NBFCs are leading the charge, growing at 17-19% YoY, thanks to:
✅ Faster approvals
✅ Flexible repayment options
✅ Higher LTV ratios than banks
Banks vs. NBFCs – Who’s Winning?
🏦 Public Sector Banks (PSBs) dominate with 63% market share, primarily in agriculture-backed gold loans.
💰 NBFCs, however, lead in retail gold loans and now disburse more gold loans than personal loans!
What’s Fueling This Growth?
📈 Rising gold prices
💰 Lower interest rates making gold loans more affordable
📲 FinTech & digital platforms enhancing accessibility
🔄 Shifts from unsecured loans driving borrowers toward gold loans
🏦 Increased competition = better options for borrowers
With gold prices at record highs and the demand for quick, hassle-free financing rising, NBFCs are making gold loans more attractive than ever!
📊 Swipe through our carousel for a detailed breakdown! ➡️
💬 Do you think NBFCs will continue to dominate, or will banks reclaim the lead? Let’s discuss! ⬇️