Poonawalla Fincorp (PFL) has expanded its portfolio of
secured lending products with the launch of its Gold Loan Business. This new
offering provides a secure, fast, and transparent financing solution for individuals
and businesses, catering to diverse financial needs such as business expansion,
agriculture costs, and personal expenses. With faster approvals in less than 30
minutes, minimal documentation, and multiple repayment options, customers can
unlock the value of their gold without selling it - ensuring financial
flexibility while preserving long-term wealth.
The gold loan market in India represents a substantial
opportunity, with projections indicating robust growth over the next several
years across both urban and rural markets. Other than being a secured business,
gold loan offers the strength of low credit risk and resilience during economic
uncertainty. PFL is strategically positioned to capture this growing
opportunity through its customer-centric approach and commitment to delivering
premium services tailored to borrowers' needs.
Poonawalla Fincorp (Formerly known as Magma Fincorp) is a
non-deposit taking systemically important non-banking finance Company
(ND-SI-NBFC), registered with the Reserve Bank of India (RBI).
Source: Ace Equity
