- Choice of gold loan for financial needs!
- Over 50% bounce in NBFC disbursements
- RBI figures released
NBFC Gold Loan : A significant increase in the disbursement of non-banking financial loans in the country is through companies (NBFCs). In September 2026, loans disbursed on gold jewelery and consumer durables have registered a significant increase of over 50 per cent over the previous year. This shows that people are increasingly turning to alternative and conventional modes of financing to meet their financial needs, according to the latest data released by the Reserve Bank of India. (NBFC Gold Loan)
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Increasing scope of consumer durables loans
Total loans disbursed by NBFCs on gold jewelery rose by a whopping 66.1 per cent to Rs 3.74 lakh crore in September 2026, according to RBI data. Compared to the previous year, i.e. September 2025, this figure was Rs 2.25 lakh crore. This significant growth indicates that gold loans are becoming a popular and convenient tool for common citizens and small businesses to meet their cash needs.
Additionally, loans disbursed by NBFCs for consumer durables (such as TVs, refrigerators, washing machines, etc.) have also seen a significant increase of 54.4 percent. As compared to Rs 50,411 crore in the same period last year, this loan amount increased to Rs 77,896 crore in September 2026. With the festive season and increasing consumer demand in the market, people have made full use of easy financing options.
Excellent performance of agriculture sector
Including loans distributed to various sectors, total NBFC loans increased by 15.4 percent to Rs 61.69 lakh crore in September 2026. In the same period a year ago, this total debt stood at Rs 53.46 lakh crore.
Key NBFC Loan Disbursement Statistics
| Loan type | September 2025 | September 2026 | Annual growth |
|---|---|---|---|
| Loans on jewellery | 2.25 lakh crore | 3.74 lakh crore | 66.1% |
| Consumer goods loan | 50,411 crores | 77,896 crores | 54.4% |
| Total NBFC Loans | 53.46 lakh crore | 61.69 lakh crore | 15.4% |
Growth in industry and service sectors slowed down
While gold and consumer credit have recorded record growth, the growth rate of credit to the country's industrial and service sectors has also seen a marginal decline. The growth rate of credit to the industrial sector slowed to 7.4 percent in September 2026, from 10.2 percent in the same month last year. In addition, credit to the infrastructure sector has also slowed down.
Service sector credit growth slowed to 17.3 percent in September 2026 from a high of 23 percent last year. Overall, these figures for September 2026 indicate that demand for retail credit, particularly for gold and consumer durables financing, is strong in the Indian financial market, indicating positive developments on various fronts of the economy.
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