Poonawalla Fincorp Launches Gold Loan Business to Enhance Secured Lending Portfolio

Poonawalla Fincorp Ltd. (PFL) has introduced its Gold Loan Business as part of its ongoing efforts to diversify and strengthen its secured lending portfolio. This new offering aims to deliver a seamless and secure financing option for individuals and small businesses. 

By enabling customers to leverage the value of their gold without parting with it, the company provides a reliable financial cushion for a variety of needs, such as business expansion, agricultural expenses, and personal requirements.

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.

Branch Expansion to Support Deeper Market Penetration

To support the rollout of its gold loan offerings, Poonawalla Fincorp has unveiled plans to open 400 new branches across Tier 2 and Tier 3 cities over the next four quarters. This phased expansion aims to strengthen the company’s presence in underpenetrated markets and cater to the growing demand for secured credit solutions in semi-urban and rural regions.

These branches will serve as access points for customers seeking secured loans, backed by a team of experienced professionals trained to deliver personalised financial guidance. The company is committed to ensuring that each branch functions as a localised hub, fostering trust and providing customised services aligned with regional needs. This initiative not only enhances accessibility but also reaffirms PFL’s long-term commitment to financial inclusion.

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 remain paramount, while delivering reliable and premium services.”

Poonawalla Fincorp Share Performance 

As of April 15, 2025, at 11:30 AM, Poonawalla Fincorp Share Price is trading at ₹375 per share, reflecting a 2.38% up from the previous close.

Conclusion

With the launch of its gold loan business and an ambitious branch expansion strategy, Poonawalla Fincorp is reinforcing its position in the secured lending space. 

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