IIFL Finance Offers 0.79% Interest Rate On Gold Loan: All You Need To Know

IIFL Finance has launched the DigiGold Loan facility, where customers can avail interest payment and top-up options through the digital modes

IIFL Finance has launched gold loan products with interest rates starting from as low as 0.79 per cent - a scheme which will be available throughout the country for customers in all its branches, according to a recent statement shared by the company. The gold loan offered by IIFL Finance provides a longer tenure which extends up to 24 months, allowing customers to manage their cash flow better. Through its gold loan product, the country's leading non-banking financial company also offers flexible interest repayment options to customers based upon their requirements which include - monthly, bimonthly, quarterly, and half-yearly options.  In order to avail the IIFL gold loan, customers can visit the IIFL Finance branch with the gold/ornaments they seek to pledge and receive the loan within a period of 30 minutes. IIFL Finance offers a grace period of 5-7 days for the interest repayments. The non-banking financial firm has launched the DigiGold Loan facility, where customers can avail interest payment and top-up options online, without having to visit the branch., according to its statement. The digital facility also assumes relevance amid the COVID-19 pandemic.