PayNearby Expands Rural Credit Access As Gold Loan Disbursals Cross ₹550 Crore
Monthly gold loan disbursals by fintech platform PayNearby have crossed ₹100 crore, reflecting rising demand for formal secured credit across semi-urban and rural India.
The company said it facilitated gold loan disbursals worth ₹550 crore in FY26 through its network of neighbourhood retail stores across Bharat. The platform is using its assisted retail-led model to expand access to formal lending in underserved markets where traditional banking access remains limited.
The fintech platform said it disbursed ₹100 crore worth of gold loans in March 2026 alone and is now witnessing a monthly run rate exceeding the same amount. Through its retailer network, the company enables customers to discover and initiate gold loan applications closer to home, helping bridge last-mile access gaps in formal credit services.
Gold loans have emerged as a key financing tool for households, micro-entrepreneurs, and small business owners seeking quick access to funds with limited documentation. The company...
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