India Infoline Finance Limited (IIFL), India’s one of the largest non-banking finance companies(NBFC), has introduced Digital Gold Loan which allows the borrowers to avail funds without visiting any branch at the time of this pandemic. With this technology, the borrowers can now easily add a bank account, avail of top-up and renewal of their gold loan account, pay EMIs, download loan statements, etc.
In these times of Covid19 pandemic, lockdown, and social distancing norms, as people are advised to remain safe at home, this online digital gold loan will help a large range of borrowers. The entire process is online, convenient, and gets completed within a couple of minutes.
Saurabh Kumar, Business Head- Gold Loan, IIFL Finance says, “We understood the constraints people were facing in moving out of their homes because of the restrictions and the fear of contracting Corona. Therefore, Digital Gold Loan will enable borrowers to meet their needs of funds for business or emergencies, sitting in their home and at any time of day or night.”
Through the subsidiaries, IIFL offers a wide range of products such as home loans, gold loans, business loans including loans against property and medium and small enterprise financing, microfinance, developer and construction finance, and capital market finance; catering to both retail and corporate clients. They have a long-term credit rating of AA(Stable) by Credit Rating Information Services of India Limited (CRISIL), AA(Stable) by Investment Information and Credit Rating Agency (ICRA), and AA(Positive) by Credit Analysis and Research Limited (CARE).
India Infoline Finance Limited (IIFL) has created a diverse portfolio, a broad spectrum of offerings with a business model that shareholders and investors have come to trust. Through an extensive range of tailored wealth management solutions, the company serves highly specialized and sophisticated needs of high net worth and ultra-high net worth individuals, affluent families, family offices, and institutional clients.
In both institutional and retail segments, IIFL Securities is an important player with more than a million accounts being opened since inception. The company offers advisory, execution, and research service across products like Commodity& Currency, equity, Mutual Funds, and Futures &Options (F&O).