New Delhi, June 14 -- Gold loan-focused non-banking financial companies (NBFCs) are expected to see a boost in business momentum following the Reserve Bank of India's (RBI) revised framework on gold loans, according to a note by Crisil Ratings.

The updated guidelines, which come into effect from April 1, 2026, raise the loan-to-value (LTV) ratio ceiling and alter the method of LTV calculation for bullet repayment loans.

Under the new rules, lenders must consider the accrued interest payable at maturity in addition to the original loan amount while calculating LTV.

Despite this change, Crisil notes that the higher LTV cap will offer a greater buffer for lenders to remain within regulatory thresholds.

"For bullet loans, the LTV at the t...