IIFL Finance offers gold loan at lowest rate of 0.54 per cent per month
IIFL Finance, one of India’s leading non-banking financial companies (NBFC) has launched gold loan products with interest rates starting from 0.54%, which is one of the lowest interest rate offered by a gold loan NBFC
cityairnews
Jan 4, 2022 04:09
0
Mumbai, January 4, 2022: IIFL Finance, one of India’s leading non-banking financial companies (NBFC) has launched gold loan products with interest rates starting from 0.54%, which is one of the lowest interest rate offered by a gold loan NBFC. The scheme is available in more than 2200 branches of IIFL Finance.
IIFL Gold Loan offers longer tenure which extends up to 24 months, allowing customers to manage cash flow better. In addition, it offers flexible interest repayment - monthly, bimonthly, quarterly and half-yearly options - to customers based on their requirements.
A customer can walk into IIFL Finance branch and receive the loan within 30 minutes. The company offers 5 days of grace period for interest repayments, which is a novelty in this segment.
Mr. Saurabh Kumar, Business Head - Gold Loans, IIFL Finance said: “IIFL Finance has a loyal customer base with over 70% customers choosing to do business with us again. Our customers include farmers and small entrepreneurs, who have used gold loans to meet their capital needs. They appreciate our lower interest rates, longer tenure, grace period and easy digital repayment options.”
