First NBFC Exclusive Silver Loan Branches

 First NBFC Exclusive Silver Loan Branches

Category: Banking / Financial Sector / RBI

• Paul Merchants Finance Pvt. Ltd. (PMFPL) became India's first NBFC to establish exclusive branches for silver loans.
• Launched a Loan Against Silver product.
• Initiative follows RBI's Lending Against Gold and Silver Collateral Directions, 2025.
• Initial operations began in Chandigarh.
• Loan range: ₹2,000 to ₹15 lakh.
• Eligible collateral includes:
  • Silver jewellery.
  • Silver ornaments.
  • Approved silver coins.
• PMFPL is headquartered in Chandigarh.

Key Pointers:

• First NBFC with exclusive silver-loan branches → PMFPL.
• Initial location → Chandigarh.
• Regulatory framework → RBI 2025 directions.