Poonawalla Fincorp launches gold loans, plans 400 new branches

Poonawalla Fincorp Limited has launched its Gold Loan business to offer fast, secure loans with flexible repayment. The firm aims to open 400 branches in Tier 2 and Tier 3 cities over the next year. This move expands its secured lending portfolio, tapping into India’s growing demand for gold-backed credit while ensuring safety, transparency, and customer convenience.