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Loan up to 60,000 will be available in exchange for digital gold, only 1% interest will have to be paid, check details

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Shivalik Small Finance Bank: If you are also planning to take a loan against Digital Gold, then now this task has become even easier for you. Shivalik Small Finance Bank (SSFB) on Tuesday announced a partnership with fintech firm IndiaGold to provide loan against digital gold.

Will get loan up to Rs 60,000
SSFB said in a statement that through this initiative of the company, customers can get an instant loan of Rs 60,000 and you can use the gold held digitally for digital loans. On repayment of the loan, customers will have the option to take a new loan or get their gold back.

Loan will be available at 1% interest
According to the statement, customers will be able to take a gold loan initially at 1 percent interest on a monthly basis. Customers will not have to make rounds of branches to take loans against their gold assets. Along with this, they will get instant loan with less paperwork and no processing fee.

Why did Gaurav Mittal speak?
Gaurav Mittal, Chief Operating Officer, Shivalik Small Finance Bank said that being a progressive Indian bank, Shivalik Bank has a strong digital-first approach towards customer convenience. The bank provides many more such facilities to its customers. He said that this scheme of loan against digital gold will be a big relief to those people who were looking for liquidity on their digital gold to get affordable loans.

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