India gold loan market is expected to grow at an impressive rate during the forecast period. The India gold loan market is driven by the increasing penetration of gold loan provider companies, NBFCs, fintech companies, banks, among others. These gold loan providers are extending their network in the country by opening new branches, especially in the northern and eastern regions. This in turn is expected to positively influence the market growth through 2025. Additionally, provision of gold loans through online and digital platforms is further expected to create lucrative opportunities for the market growth. Besides, gold loan is an easy way to raise quick and short-term capital for borrowers. For lenders also providing gold loan is quite beneficial since it has short return time, low processing time and cost, high return on investment due to high interest rates, among others. This in turn is expected to fuel the market growth over the next few years. Furthermore, the sudden outbreak and spread of pandemic COVID-19, lockdown and economic shutdown has impacted the gold loan market also. With government easing restrictions and slow overhaul of economy after lockdown is expected to positively influence the market growth, since gold loan is gaining traction as compared to any other loan available. Lockdown has led to unemployment and now people are availing gold loans to meet their short-term needs. Additionally, increasing gold prices and removal of restrictions on businesses is further expected to drive the market growth during the forecast period.

The India gold loan market is segmented based on type of lenders, mode of disbursal, interest rate, regulatory body, market type, application, end users, company and region. Based on type of lenders, the market can be split into formal and informal. Here, the formal segment is expected to witness significant growth in the market during the forecast period and can further be categorized into banks, NBFCs and nidhi companies. The NBFCs segment is expected to dominate the market on account of the associated benefits such as quick loan approval, minimal documentation, greater penetration & accessibility, flexibility of amount, high loan to value ratios, among others.

Major players operating in the India gold loan market include Muthoot Finance Ltd., Manappuram Finance, Indian Bank, India Overseas Bank, Federal Bank, South India Bank, State Bank of Travancore, IIFL, HDFC Bank, ICICI Bank and others. The companies are developing advanced technologies and launching new plans & services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new plans & service developments.

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

  • To estimate and forecast the market size of India gold loan market from 2020 to 2025 and growth rate until 2025.
  • To classify and forecast India gold loan market based on type of lenders, mode of disbursal, interest rate, regulatory body, market type, application, end users, company and regional distribution.
  • To identify dominant region or segment in the India gold loan market.
  • To identify drivers and challenges for India gold loan market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India gold loan market.
  • To identify and analyze the profile of leading players operating in India gold loan market.
  • To identify key sustainable strategies adopted by market players in India gold loan market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, vendors and presence of all major players across the country.

TechSci Research calculated the market size of India gold loan market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Gold loan service providers, Banks/NBFCs and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to gold loan
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, vendors, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India gold loan market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • India Gold Loan Market, By Type of Lenders:
    • Formal
      • Banks
      • NBFCs
      • Nidhi Companies
    • Informal
      • Private Money Lenders
      • Pawn Brokers
  • India Gold Loan Market, By Mode of Disbursal:
    • Cash
    • Cheque
    • Electronic Transfer
  • India Gold Loan Market, By Interest Rate:
    • Up to 10%
    • 11%-20%
    • 21%-30%
    • 31%-40%
    • Above 40%
  • India Gold Loan Market, By Regulatory Body:
    • RBI
    • Ministry of Corporate Affairs
  • India Gold Loan Market, By Market Type:
    • Organized
    • Unorganized
  • India Gold Loan Market, By Application:
    • Investment
    • Collecting
  • India Gold Loan Market, By End Users:
    • Salaried Middle Class
    • Housewives
    • Traders
    • Micro-Enterprises
    • Self-Employed
    • Others
  • India Gold Loan Market, By Region:
    • North
    • East
    • West
    • South

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India gold loan market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
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1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on India Gold Loan Market

4.    Executive Summary

5.    Voice of Customer

6.    India Gold Finance Industry Overview

7.    India Gold Loan Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Type of Lenders (Formal v/s Informal)

7.2.1.1.         By Formal (Banks, NBFCs, Nidhi Companies)

7.2.1.2.         By Informal (Private Money Lenders, Pawn Brokers)

7.2.2.     By Mode of Disbursal (Cash, Cheque, Electronic Transfer)

7.2.3.     By Interest Rate (Up to 10%, 11%-20%, 21%-30%, 31%-40%,
Above 40%)

7.2.4.     By Regulatory Body (RBI v/s Ministry of Corporate Affairs)

7.2.5.     By Market Type (Organized v/s Unorganized)

7.2.6.     By Application (Investment v/s Collecting)

7.2.7.     By End Users (Salaried Middle Class, Housewives, Traders, Micro-Enterprises, Self-Employed, Others)

7.2.8.     By Company (2019)

7.2.9.     By Region

7.3.  Product Market Map

8.    North India Gold Loan Market Outlook

8.1.1.1.         Market Size & Forecast

8.1.1.1.1.             By Value

8.1.1.2.         Market Share & Forecast

8.1.1.2.1.             By Type of Lenders

8.1.1.2.2.             By Mode of Disbursal

8.1.1.2.3.             By Market Type

8.1.1.2.4.             By Application

9.    South India Gold Loan Market Outlook

9.1.1.1.         Market Size & Forecast

9.1.1.1.1.             By Value

9.1.1.2.         Market Share & Forecast

9.1.1.2.1.             By Type of Lenders

9.1.1.2.2.             By Mode of Disbursal

9.1.1.2.3.             By Market Type

9.1.1.2.4.             By Application

10.  East India Gold Loan Market Outlook

10.1.1.1.      Market Size & Forecast

10.1.1.1.1.           By Value

10.1.1.2.      Market Share & Forecast

10.1.1.2.1.           By Type of Lenders

10.1.1.2.2.           By Mode of Disbursal

10.1.1.2.3.           By Market Type

10.1.1.2.4.           By Application

11.  West India Gold Loan Market Outlook

11.1.1.1.      Market Size & Forecast

11.1.1.1.1.           By Value

11.1.1.2.      Market Share & Forecast

11.1.1.2.1.           By Type of Lenders

11.1.1.2.2.           By Mode of Disbursal

11.1.1.2.3.           By Market Type

11.1.1.2.4.           By Application

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Policy & Regulatory Landscape

15.  Impact of Fluctuating Gold Prices on the Market

16.  India Economic Profile

17.  Competitive Landscape

17.1.              Muthoot Finance Ltd.

17.2.              Manappuram Finance

17.3.              Indian Bank

17.4.              India Overseas Bank

17.5.              Federal Bank

17.6.              South India Bank

17.7.              State Bank of Travancore

17.8.              IIFL

17.9.              HDFC Bank

17.10.            ICICI Bank

18.  Strategic Recommendations

19.  About Us & Disclaimer

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