Shivalik Small Finance Bank and Indiagold Partner to Launch India’s First Digital Gold Loan
The Shivalik Small Finance Bank (SSFB) on Tuesday announced a partnership with financial technology firm Indiagold to launch a digital gold lending product. Digital gold is an affordable way to own and save with gold without having to physically handle and store the asset, SSFB said in a statement.
“This collaboration will allow customers to use their digital gold balance to benefit from instant and digital loans up to Rs 60,000. When repaying the loan, customers will have the option of renewing the loan or having their loan delivered. house of gold, ”he said.
This alliance will allow clients to seamlessly access gold loans from a monthly interest of just 1%, he said, adding that clients can now access credit against their gold assets. without the hassle of branch visits, minimal documentation, instant transfer and no processing. charges.
As a progressive Indian bank, Shivalik has a strong digital approach focused on customer convenience and offers a range of services that put banking at your fingertips, said Gaurav Mittal, COO of Shivalik Small Finance Bank. .
This association is one more step towards accelerating access to secure and affordable credit for clients seeking quick liquidity against their gold assets, he added.