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Shivalik Small Finance Bank, Indiagold partner to launch India’s first loan against digital gold
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financialexpress.comShivalik Small Finance Bank (SSFB) on Tuesday announced a partnership with fintech firm Indiagold to launch a loan product against digital gold. Digital gold is an affordable medium to own and save with gold without the trouble of physically handling and storing the asset, SSFB said in a statement.
“This collaboration will enable customers to use their digital gold balance to avail instant and digital loans up to Rs 60,000. On repayment of the loan, customers will have an option to either renew the loan or get their gold home delivered,” it said.
This alliance will enable customers to seamlessly access gold loans starting at a monthly interest of just 1 per cent, it said, adding, customers can now access credit against their gold assets
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