Wednesday, Apr 16 2025 | Time 16:40 Hrs(IST)
Business EconomyPosted at: Apr 15 2025 8:51PM


Poonawalla Fincorp launches Gold Loan business

Mumbai, Apr 15 (UNI) Poonawalla Fincorp Limited (PFL), a Cyrus Poonawalla Group promoted NBFC 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.
At launch, Mr. Arvind Kapil, MD & CEO, Poonawalla Fincorp, said, “Our gold loan offering represents a natural progression in our secured lending portfolio, combining traditional value with modern convenience. We have designed this product with the customer journey at its core, respecting both the emotional and financial value of gold. At Poonawalla Fincorp, customer asset safety and transparency remains paramount, while delivering reliable and premium services.”
Gold holds significant importance in Indian households as a reliable source of wealth and security, serving as a strategic asset for those needing quick access to funds. 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.
UNI JS NV
Tags: #Poonawalla Fincorp launches Gold Loan business
More News
SCCL’s global expansion begins with virtual inauguration of Naini coal mine in Odisha

SCCL’s global expansion begins with virtual inauguration of Naini coal mine in Odisha

16 Apr 2025 | 3:50 PM

Hyderabad, Apr 16 (UNI) The global expansion of State-owned Singareni Collieries Company Limited (SCCL) began with the inauguration of Naini coal mine in Odisha virtually by Telangana Deputy Chief Minister M Bhatti Vikramarka, here on Wednesday.

see more..

Amid tariff wars Indian engineering goods exports sector shows resilience records 6 74 YoY growth in 2024-25

16 Apr 2025 | 2:35 PM

Kolkata, Apr 16 (UNI) Indian engineering exports sector has displayed immense resilience despite the global trade order is undergoing a major change ever since US President Donald Trump assumed office early this year and imposed tariffs on dozens of its trade partners, according to EEPC India chairman Pankaj Chadha.

see more..
Amazon India expands Smartchoice prog to tablets, simplifying purchase decisions

Amazon India expands Smartchoice prog to tablets, simplifying purchase decisions

16 Apr 2025 | 1:19 PM

Kolkata, Apr 16 (UNI) Amazon India on Wednesday announced the expansion of its Smartchoice program to tablets, following strong success in the laptop category.

see more..
Rupee rises 15 paise against USD

Rupee rises 15 paise against USD

16 Apr 2025 | 10:55 AM

Mumbai, Apr 16 (UNI) The Rupee remained strong on Wednesday too, rising 15 paise at 85.61 in opening session against the US Dollar
on brisk selling of USD by bankers and exporters, dealers at the Forex Market informed.

see more..
Sensex up over 200 pts

Sensex up over 200 pts

16 Apr 2025 | 10:48 AM

Mumbai, Apr 16 (UNI) The BSE sensex remained firm for the third straight session on Wednesday, advancing 262 pts to open at 76,996.78 as buying was seen in FMCG, Financial services and Health Care stocks amid positive global cues.

see more..