Written by Jack » Updated on: November 19th, 2024
Browse over xx market data Figures spread through xx pages and an in-depth TOC on "India Gold Loan Market.”
TechSci Research's report, the India Gold Loan Market was valued at USD80.12 Billion in 2023 and is anticipated to project robust growth in the forecast period with a 6.80% through 2029. The expansion in the India gold loan market can be attributed to various factors, including the simplicity of obtaining loans against gold, relatively lower interest rates compared to other loan types, and minimal credit history or collateral requirements.
The Reserve Bank of India (RBI) oversees the gold loan market, issuing guidelines to ensure fair lending practices and transparency. These guidelines stipulate maximum loan-to-value ratios and other terms to safeguard both borrowers and lenders.
The India gold loan market appeals notably to rural borrowers with limited access to formal banking services, where gold represents a secure store of value. It also attracts small businesses and traders seeking short-term working capital solutions.
While the market shows robust growth, concerns persist regarding borrower over-leveraging and potential loan defaults, which could impact gold collateral values. Nevertheless, the market is expected to thrive due to sustained gold demand and credit availability.
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Report Scope:
In this report, India Gold Loan Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
India Gold Loan Market, By Type of Lenders:
India Gold Loan Market, By Mode of Disbursal:
India Gold Loan Market, By Market Type:
India Gold Loan Market, By End User:
India Gold Loan Market, By Interest Rate:
India Gold Loan Market, By Region:
Women play a significant role in the India gold loan market, given the cultural importance of gold, often owned in the form of jewelry. Women frequently pledge their gold for loans, driving various purposes like education, business, and medical emergencies.
Furthermore, many banks and financial institutions offer specialized gold loan schemes for women, featuring lower interest rates, higher loan amounts, and additional benefits, further encouraging their participation in the market.
Key market players in the India Gold Loan Market include:
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The India Gold Loan Market is segmented based on various criteria such as type of lenders, mode of disbursal, market type, end-user, interest rate, and region. Major states leading in gold loan provisions include Delhi, Gujarat, Karnataka, Maharashtra, and Andhra Pradesh, with significant market activity in cities like Hyderabad, Bengaluru, Chennai, Pune, Delhi, Rajkot, and Surat.
TechSci Research's report "India Gold Loan Market By Type of Lenders, Mode of Disbursal, Market Type, End User, Interest Rate, Region, Competition Forecast & Opportunities, 2019-2029F" offers comprehensive insights into the market structure, size, share, and future growth, assisting decision-makers in navigating this dynamic industry. It also identifies emerging trends, drivers, challenges, and opportunities in the India Gold Loan market.
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