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IIFL Finance Launches Digital Gold Loan

Posted On: 2020-07-15 07:45:19


IIFL Finance, one of India's largest non-banking finance companies has launched Digital Gold Loan, which allows customers to avail loans without visiting branch.

Customers of IIFL Finance can easily avail top-up and renewal of their gold loan account, add a bank account, download loan statement, pay EMIs etc.

In these times of Covid19 pandemic, lockdown, and social distancing norms, it is advisable for people to stay safe at home. Digital Gold Loan is therefore a perfect product for customers to avail Gold Loan without even stepping out of their home. The whole process is online, quite convenient and gets completed in few minutes, living up to its tagline click click, aur ho gaya!

Speaking about the initiative, Mr. Saurabh Kumar, Business Head - Gold Loan, IIFL Finance said, "We understood the difficulty our customers were facing in moving out of their homes due to the restrictions and the fear of contracting Corona. Therefore, Digital Gold Loan will help customers to meet their requirement of funds for business or emergencies, sitting in their home and at any time of day or night. We believe that this is a big step towards helping our customers, not just during these Covid19 times but beyond as well."

IIFL Finance recently signed up India's superstar cricketer Rohit Sharma as its first-ever Brand Ambassador.

IIFL Finance is a systemically important Non-Banking Financial Company not accepting public deposits and engaged in the business of home and property loans, gold loans, loan against securities, SME business and micro-finance loans. IIFL Finance has a long-term credit rating of AA (Stable) by Crisil, AA (Stable) by ICRA and AA (Positive) by CARE.

IIFL Finance, through its subsidiaries, offers a wide spectrum of products such as Home loan, Gold loan, Business loan, Microfinance, Capital Market finance, Developer and Construction finance to a vast 30 lakh customer base. IIFL Finance has widened its pan-India reach through extensive network of branches spread across the country and various digital channels.

Shares of IIFL Finance Limited was last trading in BSE at Rs.73.7 as compared to the previous close of Rs. 72.8. The total number of shares traded during the day was 59965 in over 535 trades.

The stock hit an intraday high of Rs. 77.05 and intraday low of 73. The net turnover during the day was Rs. 4534805.


Source: Equity Bulls

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