Gold loans dominate increase in retail credit growth: CRIF

Gold loans grew a whopping 53% successful the 2nd 4th of fiscal 2026, connected a year-on -year ground supporting the summation successful wide depletion credit, according to information from a CRIF Report, How India Lends, released recently.

Apart from being the fastest increasing lending product, golden loans besides dominated astir 27% of the ₹2,237.8 crore worthy of originations worth successful retail loans successful the 4th ended September 2026. Personal loans were the 2nd fastest successful presumption of value, increasing astatine astir 35.4% successful the period, according to information successful the report. Overall retail loans grew astir 30% connected a year-on-year basis. Originations Value refers to the full sanctioned amount.

While determination is maturation successful loans sanctioned, the stock of loans to radical who are caller to recognition (NTC) reduced crossed each products but golden loans, wherever the stock stayed stagnant successful Q2 FY26, arsenic against the aforesaid play past fiscal. Two wheeler loans continued to lend the largest stock of NTC loans with 34.4%, but this was down from 39.5% successful the year-ago period.

Auto and lodging loans accrued 13.6% and 14.3% respectively successful presumption of origination, but their penetration successful NTC customers were conscionable 12.5% and 11.7% respectively, which was indicative of reduced request successful specified sectors. 

In presumption of plus quality, portfolio astatine hazard of default betwixt 31 and 180 days reduced marginally to 3.4% successful the 4th ended September 2025, arsenic against 3.7% successful the year-ago period.

The authors of the study further highlighted a worrying 31-90 time delinquencies being the highest successful the cohort borrowing betwixt ₹75,000 and ₹1 lakh.

“We are seeing steadfast request for home, car and golden loans and improved recognition paper outstanding coupled with elevated show metrics crossed lender types,” said Sachin Seth, Chairman, CRIF High Mark and Regional Managing Director – CRIF India & South Asia successful a statement.