Silver loans are coming: RBI allows using silver as collateral
Big update: From April 1, 2026, you'll be able to get loans using your silver jewelry, coins, or ornaments as collateral—thanks to new guidelines from the Reserve Bank of India (RBI).
This move is meant to make borrowing easier and safer for everyone, not just those with gold.
The rules will apply across banks, NBFCs, cooperative banks, and housing finance companies.
Things to keep in mind
The RBI won't let you use raw silver (like bullion) for loans—only finished items—to help prevent speculation.
This change is expected to be a boost for rural families and small businesses where silver matters a lot.
As Mukesh Pandey from Rupyaa Paisa puts it, these loans can really help in emergencies or with business cash flow—but heads up: terms might differ from gold loans because silver prices jump around more.
So if you're thinking about it, check things like purity checks and lender reputation before diving in.