Shriram City Union Finance aims to grow gold loan book to Rs 15,000-20,000 crore over next five years
12th Apr 2022

Shriram City Union Finance is aiming to grow its gold loan book to Rs 15,000-20,000 crore over the next five years. As of December 31, 2021, the non-banking finance company's gold loan book stood at Rs 4,110 crore. Demand for gold loans has risen for the last two years. Its portfolio has contributed 13 per cent of the assets under management (AUM) as of December 2021 against 10 per cent in the previous year.

Going forward, the company is targeting an average gold loan ticket size in the range of Rs 50,000, with limited Loan to Value (LTV) at 75 per cent, leaving the scope of the marginal requirement for additional margins in times of adverse gold price fluctuations.

Shriram City Union Finance is India’s premier financial services company specializing in small-ticket retail finance.