Paul Merchants Finance Debuts Loan Product Backed by Silver

This shift targets the vast quantities of silver held in Indian households, particularly in rural areas, where informal lenders have long held a monopoly. By integrating silver into formal credit ecosystems, PMFPL aims to displace unregulated channels with transparent, bank-backed terms. Loans will range from ₹2,000 to ₹15 lakh, covering various forms of the precious metal.

Chairman S. Paul noted that the initiative will fundamentally alter how individuals leverage their physical assets. To support the rollout, the group plans to open dedicated branches and scale operations across its network, positioning the firm to capture a significant share of this newly unlocked asset class.