IIFL Finance, a non-banking economic organization, has launched gold loan merchandise with interest prices beginning from .79 per cent. The scheme is accessible pan India in all IIFL Finance branches.
IIFL Gold Loan presents longer tenure which extends up to 24 months, permitting borrowers to handle money flow much better. In addition, it presents versatile interest repayment – month-to-month, bimonthly, quarterly and half-yearly – selections to borrowers based on their specifications.
It is an immediate approach exactly where a buyer can stroll into the IIFL Finance branch with gold and get the loan inside 30 minutes. The organization presents 5-7 days of grace period for interest repayments. The organization says, IIFL Finance has launched the DigiGold Loan facility, exactly where clients can avail interest payment and prime-up selections from the comforts of their home.
Saurabh Kumar, Business Head – Gold Loans, IIFL Finance says, “During the pandemic farmers and small entrepreneurs have used gold loans to meet their capital needs, helped by our low-interest rate, longer tenure, higher grace period and easy digital repayment options. The fact that over 70 per cent of our customers come back to us for business again is a testament to our honest and transparent dealings.”
IIFL Finance caters to more than 60 lac clients with the Home loan, Gold loan, Business loan and Microfinance merchandise.