Gold loans recorded a 56% year-on-year growth in 2024, outpacing the 18% increase seen in home loans, according to a Bankbazaar report. This growth marks the fastest expansion among all retail lending categories and reflects a shift in borrowing preferences. Company Value Change %Change Factors behind the rise of gold loans Shift toward collateral-backed lending […]
Gold loan market set to reach ₹15 lakh crore by March 2027: ICRA – CNBC TV18
Gold loans in India are on track for significant growth. According to ICRA, a rating agency, the organised gold loan market will surpass ₹10 lakh crore this financial year and reach ₹15 lakh crore by March 2027. Retail gold loans from non-banking financial companies (NBFCs) are projected to grow by 17-19% in FY2025. While yield […]
Gold loans in India: Which lenders offer lower interest rates and what’s fueling market growth – CNBC TV18
Gold loans are increasingly becoming a popular choice for borrowers in India. Driven by rising gold prices and competitive loan terms, this financing option offers a valuable solution for various financial needs. Here’s a comparative analysis of gold loan interest rates offered by major providers and the factors driving the surge in gold loan demand: […]
Demand for gold loans soars in India amid rising gold prices – CNBC TV18
Gold loan companies are benefiting from the recent surge in gold prices as a growing number of Indians are opting for gold loans. According to a CRISIL Ratings report, the demand for gold loans in June rose by 20% compared to May 2024. The report indicates that growth trends are visible, with June seeing a […]