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Gold Loans Crush It with 94% Growth in Q3 FY26, Says Equifax

Gold Loans Crush It with 94% Growth in Q3 FY26, Says Equifax

Listen up, folks! Gold loans are absolutely crushing it, skyrocketing 94% to an astonishing Rs 8.16 trillion in Q3 FY26! Private banks flexed with a 65.75% rise, while the NBFCs delivered a jaw-dropping 189% spike! Borrowers are choosing gold over other credit options like champions. But hold your horses, gold loans alone can't hold the title forever!

Quick rundown

  1. Gold loan disbursements soared 94% YoY to Rs 8.16 trillion in Q3 FY26.
  2. Private sector banks saw a 65.75% YoY rise in gold loans.
  3. NBFCs experienced a staggering 189% YoY growth in gold loans.
  4. PSBs accounted for 46% of total gold loan disbursements.
  5. Credit cards saw a contraction in volumes despite improved asset quality.

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