Shivalik Small Finance Bank (SSFB) on Tuesday announced a partnership with the firm indiagold to launch Loan against the product digital Sleep. digital Sleep Gold is an economical means of ownership and savings without the hassle of physically handling and storing assets, 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 the option to renew the loan or have their gold delivered at home. ”

This tie-up will enable customers to access gold loans starting at a monthly interest of just 1 per cent, it said, adding, customers can now access their gold assets without the hassle of branch visits, minimal documentation, instant transfers and zero processing. Can use loan against. Fee.

Gaurav Mittal, Chief Operating Officer, Shivalik Small Finance Bank said that being a progressive Indian bank, Shivalik has a strong digital-first approach aimed at customer convenience, and provides multiple services by keeping banking at fingertips.

He added that this association is another step towards accelerating access to secure and affordable credit to customers looking for quick liquidity against their gold assets.