97% Gold Loan Growth, Yet 33% Cheaper Than Muthoot: Is This NBFC Being Overlooked?
- Posted on September 1, 2026
- By Financial Express
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- 1 min read
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97% Gold Loan Growth, Yet 33% Cheaper Than Muthoot: Is This NBFC Being Overlooked?
The two leading gold loan NBFCs, Muthoot Finance and Manappuram Finance reported very strong loan growth in June 2026, given the growing importance of gold loan financing for business / personal needs. However, competition in this segment is increasing with the entry of new NBFCs in the gold loan business, and net interest margin (NIMs) of Muthoot Finance was under pressure. Is it still worth buying gold loan NBFCs?
