Advancing Gold Financing Futures, Together...
Unifying Progress: Advancing Gold Financing Futures Together for Sustainable Growth.
ABOUT AGLOC (INDIA)
The Association of Gold Loan Financing Companies(India) is a non–profit organisation formed with an intention to work for the welfare and benefit of the member companies. The members of the Association are NBFCs, registered with Reserve Bank of India, and who are engaged in the business of financing against Gold Jewellery.
The Association of Gold Loan Financing Companies (India) shortly known as AGLOC (INDIA) is registered under the Societies Registration Act and having its Registered Office at Chennai.
Registered office is:
Gr.Fl., Ashok Vatika, A-3, No: 1,
Dr. Guruswamy Road,
Near Old Aircel Bldg, Chetpet,
Chennai – 600031
Administrative Office/ Address for correspondence
Muthoot Towers,
M.G. Road
Kochi 682 035
REPRESENTATIONS
Code of Conduct
Fair Practice Code
Over time, NBFCs engaged in lending against gold have come to play a crucial role in financial inclusion through wide spread geographic distribution of branch network and structuring of need based lending schemes for farmers, traders and entrepreneurs in Small and Medium scale industries. Gold loan NBFCs have taken up pioneering efforts in marketing loans against gold as a convenient, hassle free way to unlock the value of investments in gold even in geographies where the product in a structured form was unknown. Consequent on this and the near secular rise in gold prices for almost a decade now, the loans in the organized sector had grown to over 30,000 Crores and the sector is expected to grow at an average CAGR of 40-60% in the medium term.