Gold loans rise on larger ticket sizes, unsecured credit shift
Gold loans are experiencing significant growth, driven by existing borrowers taking larger amounts. This surge also reflects a shift from unsecured personal loans to secured gold financing options. Gold loans now represent a substantial portion of total consumer credit in India. Non-banking financial companies have increased their market share in this growing segment. Experts anticipate continued strong growth for gold loans in the coming period.
Gold loans are experiencing significant growth, driven by existing borrowers taking larger amounts. This surge also reflects a shift from unsecured personal loans to secured gold financing options. Gold loans now represent a substantial portion of total consumer credit in India. Non-banking financial companies have increased their market share in this growing segment. Experts anticipate continued strong growth for gold loans in the coming period.
