Money & Banking

Equitas SFB to offer gold loans to customers

Mumbai | Updated on June 29, 2020

Equitas Small Finance Bank is offering gold loans to customers to meet their cash requirements. “Loans secured by gold jewellery of customers, repayable by monthly instalments or interest modes scheme rather than on one-time repayment basis only. Average ticket size of loans is in the range of ₹30,000 to ₹40 lakh. The maximum loan tenure for any scheme is 24 months,” it said in a statement on Monday.

The gold loan is processed through easy documentation and instant cash is available. NACH repayment is also available for this product.

Customers can avail this loan by visiting a nearest branch of Equitas SFB, it further said, adding that customers availing gold loans can repay through EMIs and Equitas SFB also offers overdraft facility on this product.

Published on June 29, 2020

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