Suryoday Small Finance Bank Launches Gold Loan Services in Maharashtra

As per CNBCTV18 report, Suryoday Small Finance Bank (SSFB) has ventured into the gold loan segment, launching this offering in Maharashtra as part of its diversification strategy in secured lending. The bank aims to use its national branch network to scale the service in phases. 

Suryoday Begins Gold Loan Rollout from Maharashtra 

On January 21, 2026, Suryoday Small Finance Bank confirmed the launch of its gold loan product in Maharashtra. With this, the bank has moved beyond its traditional focus on unsecured lending, especially to small businesses and women entrepreneurs.  

The introduction of gold loans is intended to add more secured assets to its overall loan portfolio. The decision aligns with rising demand from existing customers seeking credit backed by collateral as their financial requirements evolve. 

Loan Features and Terms 

Under its gold loan offering, SSFB will provide loans up to ₹30 lakh with a standard tenure of 12 months. Customers can choose between paying interest monthly with repayment of the principal at the end or opting for a bullet repayment structure, where both interest and principal are paid at maturity.  

The bank has confirmed that the product does not attract pre-closure charges. Customers may also renew their loan against the same pledged gold after completing repayment. 

Read More: Gold Price Surge Lifts Indian Household Wealth By ₹117 Lakh Crore In 2025! 

Expanding Through Existing Banking Network 

Suryoday Small Finance Bank plans to scale the gold loan segment using its existing infrastructure, which includes over 700 banking outlets across more than 15 states.  

The bank will utilise its current distribution framework and underwriting capabilities to ensure consistency in service delivery as it expands the offering region by region. 

Suryoday Small Finance Bank Share Price Performance  

As of January 21, 2026, at 11:45 AM, Suryoday Small Finance Bank share price on NSE was trading at ₹135.44 down by 0.32% from the previous closing price. 

Conclusion 

Suryoday Small Finance Bank has forayed into the gold loan sector starting from Maharashtra. This move is aimed at diversifying its lending portfolio and meeting growing customer demand for secured credit. The bank plans to roll out the service across India in a phased manner using its established banking network. 

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