Starting April 01, 2026, people will be allowed to take loans against silver like gold under the RBI’s new standardized lending guidelines.

The reforms, announced on June 6, aim to enhance borrower protection, transparency, and lender accountability across commercial banks, NBFCs, cooperative banks, and housing finance companies.

RBI allows lending against gold and silver jewellery, ornaments or coins to meet short-term needs. However, loans against primary sliver like bullion are not allowed to prevent speculation.

This is especially valuable for low-income households and small businesses, particularly those in rural India, where silver has great cultural and economic importance, says Mukesh Pandey, Director of Rupyaa Paisa.

“It lowers the barrier to entry for credit, as owning silver

See Full Page