PayNearby has reported gold loan disbursements worth more than Rs 550 crore in FY26, facilitated through small retail outlets across semi-urban and rural regions. Of this, Rs 100 crore was disbursed in March 2026 alone, reflecting strong momentum in its secured lending business.
The company is currently witnessing a monthly run-rate exceeding Rs 100 crore in gold loan disbursals, driven by increasing adoption of formal credit channels in underserved markets. Through its retailer-led assisted model, PayNearby is enabling customers to discover and initiate gold loan applications closer to their location, with final verification and disbursement completed at partner branches.
Gold loans, backed by household gold assets, are emerging as a preferred form of secured credit for households, small business owners and micro-entrepreneurs due to minimal documentation requirements and faster processing. Customers are able to access funds in as little as two hours, supporting urgent financial needs, business requirements and short-term liquidity gaps.
The company stated that the model is also contributing to greater financial inclusion among women, as gold ownership within households enables easier access to formal credit and supports income generation activities, strengthening their role in financial decision-making.
Rajat Agarwal, Chief Business Officer – Enterprise and Financial Assets, PayNearby, said, “Access to timely and affordable credit remains a key need across Bharat. Gold loans, backed by a trusted household asset, offer a simple way to address this need. Through our network, we are enabling customers to access formal credit closer to them, with speed and ease. We also see strong potential to work with more banks and NBFC partners to scale this further, using a plug-and-play model that combines reach, trust and technology.”
PayNearby continues to collaborate with banks and NBFCs to scale gold loan distribution across the country. The company’s distribution-led model allows lenders to reach customers at scale through its assisted network, making credit more accessible, faster and more reliable at the last mile.
PayNearby, a DPIIT-certified fintech founded in 2016, operates a B2B2C branchless banking network that enables neighbourhood retail stores to offer digital and financial services. Through its tech-driven Distribution as a Service (DaaS) platform, the company provides services including cash deposits, withdrawals, credit, insurance, travel and utility payments.
The company currently operates through more than 15 lakh retail partners across 20,000+ PIN codes, serving over 5 crore customers and facilitating 25 crore annual transactions.
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