Shivalik SFB with indiagold launches loan against digital gold

Shivalik Small Finance Bank (SSFB) signed a partnership agreement with fintech firm, Indiagold to launch India’s first Loan 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 agreement will enable customers to use their digital gold balance to avail of instant and digital loans up to Rs. 60,000 and also seamlessly access gold loans starting at a monthly interest of just 1%. To provide access to secure and affordable credit to the customers looking for quick liquidity against their gold assets.

Static/Current Takeaways Important For All Exam 2021:

Shivalik Small Finance Bank Headquarters: Noida, Uttar Pradesh;

Shivalik Small Finance Bank MD & CEO: Suveer Kumar Gupta.