India's new gold loans rise 115% to ₹7.6L cr Q4FY26
Business
India's gold loan scene just saw a huge boost: new loans shot up by 115% year-on-year to ₹7.6 lakh crore in Q4 FY26.
The total value of gold loans managed also climbed to ₹11.9 lakh crore, showing how many people are turning to their jewelry for quick cash.
Average gold loan ₹1.7L, NBFCs 40%
The average gold loan amount jumped from ₹1 lakh to ₹1.7 lakh in just two years, outpacing even home loans in growth rate.
NBFCs now handle a bigger chunk of these loans (up to 40%), while public banks' share slipped a bit.
Private banks are focusing on larger gold loans and have gotten better at keeping defaults low, thanks to easier onboarding and simplified underwriting that expand formal access to new-to-credit borrowers.