India Gold Loan Market to Grow at an Impressive Rate until 2025

Increasing trend of availing gold loan in urban areas is expected to drive the growth of India gold loan market

According to TechSci Research report, “India Gold Loan Market By Type of Lenders (Formal v/s Informal), By Mode of Disbursal (Cash, Cheque, Electronic Transfer), By Interest Rate (Up to 10%, 11%-20%, 21%-30%, 31%-40%, Above 40%), By Regulatory Body (RBI v/s Ministry of Corporate Affair), By Market Type (Organized v/s Unorganized), By Application (Investment v/s Collecting), By End Users (Salaried Middle Class, Housewives, Traders, Micro-Enterprises, Self-Employed, Others), By Region, Forecast & Opportunities, 2025”, the India gold loan market is expected to grow at an impressive rate during the forecast period on account of the changing lifestyle patterns of the population in the country. These days people have started using their gold as collateral in order to not just full fill their short-term emergency needs but also needs such as vacations, among others. Additionally, rising gold prices are further expected to fuel the growth of gold loans. However, liquidity stress among NBFCs and banks might hamper the market growth through 2025. Furthermore, availability of risk-free loan options without providing any collateral might restrict the market growth over the next few years.

Browse XX market data Tables and XX Figures spread through XXX Pages and an in-depth TOC on “ India Gold Loan Market”

https://www.techsciresearch.com/report/india-gold-loan-market/4902.html

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. Banks are expected to register significant growth in the market since banks have started operating gold loan specific branches, which provide gold loans at low interest rates. On the other hand, the informal segment is expected to dominate the market since this is the most conventional way of getting gold loans and is still followed in the country, especially in the rural areas. Based on market type, the market can be bifurcated into organized and unorganized. Among them, the organized segment is expected to grow significantly on account of the growing penetration of banks and NBFCs in the country.

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 are some of the leading players operating in India gold loan market. The companies operating in the market are using organic strategies such as new insurance plan launches, mergers and collaborations to boost their share.

Download Sample Report   @ https://www.techsciresearch.com/sample-report.aspx?cid=4902

Customers can also request for 10% free customization on this report.

“The India gold loan market is expected to grow significantly on account of the changing mindset of the population in the urban areas and cities for availing gold loans. Furthermore, increasing penetration of gold loan provider companies, banks, NBFCs, among others which are easily accessible for the population is further expected to fuel the market growth through 2025. Additionally, banks and other financial institutions have started providing online gold loans and are also launching apps to popularize and make availing of gold loans quite easy. For instance, the State Bank of India launched YONO App for providing gold loans and is promoting the app by sending messages to the customers.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India Gold Loan Market By Type of Lenders (Formal v/s Informal), By Mode of Disbursal (Cash, Cheque, Electronic Transfer), By Interest Rate (Up to 10%, 11%-20%, 21%-30%, 31%-40%, Above 40%), By Regulatory Body (RBI v/s Ministry of Corporate Affair), By Market Type (Organized v/s Unorganized), By Application (Investment v/s Collecting), By End Users (Salaried Middle Class, Housewives, Traders, Micro-Enterprises, Self-Employed, Others), By Region, Forecast & Opportunities, 2025”, has evaluated the future growth potential of India gold loan market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India gold loan market.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: [email protected]