Equitas SFB To Offer Gold Loans To Customers
Money & Banking
Mumbai |
Updated on
June 29, 2020
Published 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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The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill.
In these difficult times, we, at BusinessLine, are trying our best to ensure the newspaper reaches your hands every day. You can also access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute.
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Mumbai |
Updated on
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
A letter from the Editor
Dear Readers,
The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill.
In these difficult times, we, at BusinessLine, are trying our best to ensure the newspaper reaches your hands every day. You can also access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute.
But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.
I appeal to all our readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. You can help us by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section.
Our subscriptions start as low as Rs 199/- per month. A yearly package costs just Rs. 999 – a mere Rs 2.75 per day, less than a third the price of a cup of roadside chai..
A little help from you can make a huge difference to the cause of quality journalism!
Support Quality Journalism
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