IIFL Finance unveils special loan scheme for women

Hyderabad: IIFL Finance, a non-banking financial company (NBFC), announced a special gold loan offering for women borrowers in the run-up to Independence Day.

The product is designed to help women entrepreneurs and homemakers convert idle household gold into productive capital. The offering is available across all IIFL Finance gold loan branches in India.

The scheme offers a special interest rate starting from 0.81 per cent, per month (9.72 per cent/annum) at zero processing fees for women borrowers.

The scheme also provides maximum permissible loan value against the customer’s gold, within the loan-to-value limits prescribed by the Reserve Bank of India.