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Easier gold loans for small borrowers likely
Mint Bangalore
|June 07, 2025
The Reserve Bank of India (RBI) will ease key provisions in its proposed gold loan framework—raising the loan-to-value (LTV) ratio and exempting small-ticket borrowers from credit appraisals—after feedback from non-banking financial companies (NBFCs), cooperative banks, and government departments, governor Sanjay Malhotra said on Friday.
RBI issued its final rules on loans against gold collateral, detailing easier norms for small-ticket loans, later on Friday. Aimed at improving access to formal credit for rural and semi-urban borrowers, the new rules will exempt gold loans up to ₹2.5 lakh from credit appraisals, raise the LTV cap for small-ticket loans to 85% from 75%, and allow borrowers to self-declare gold ownership.
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