Indel Money Bonds
5 bonds issued by Indel Money, listed across Indian platforms and sorted by yield to maturity (YTM). Compare YTM, coupon, tenure, credit rating and minimum investment.
About Indel Money
Indel Money Limited is a non-deposit-taking NBFC incorporated in 1986 as Payal Holdings Private Limited, acquired by its current promoters in July 2012 and renamed Indel Money in January 2013. It is headquartered in Mumbai and is wholly owned by Indel Corporation Private Limited. Gold loans make up the large majority of its portfolio, alongside business loans, loans against property and other secured lending, run through branches across Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Odisha and Maharashtra.
- AUM
- Rs 2,334 crore
- Gross NPA
- 1.88%
- Capital adequacy
- 20.52%
- Net profit
- Rs 44.6 crore
Figures as of FY25 (31 Mar 2025). Rated by CRISIL. Source: rating rationale.
Frequently asked questions
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Plan your bond ladderWho is Indel Money?
Indel Money Limited is a non-deposit-taking NBFC incorporated in 1986 as Payal Holdings Private Limited, acquired by its current promoters in July 2012 and renamed Indel Money in January 2013. It is headquartered in Mumbai and is wholly owned by Indel Corporation Private Limited. Gold loans make up the large majority of its portfolio, alongside business loans, loans against property and other secured lending, run through branches across Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Odisha and Maharashtra.
Is it safe to invest in Indel Money bonds?
Indel Money's listed bonds carry an A- / BBB+ credit rating from CRISIL; as of FY25 (31 Mar 2025) the company reported AUM of Rs 2,334 crore, gross NPA of 1.88%, capital adequacy of 20.52% and net profit of Rs 44.6 crore. A credit rating measures the chance of default, not price stability, and corporate bonds are not covered by DICGC deposit insurance. Read the issuer's latest rating rationale before you invest.
What yield do Indel Money bonds offer right now?
As of Sept 2026, the 5 listed Indel Money bonds yield between 9% and 12.4% (average 11.1%), against roughly 6-7% on a comparable bank FD.