Bank
Jana Small Finance Bank announced 90 percent LTV on Gold Loan
New Delhi: Building its relationship with customers and boosting confidence in the harsh time of pandemic Jana Small Finance Bank on Thursday announced the offer of 90 percent LTV (Loan to Value) on Gold Loan with the highest per gram rate of Rs. 4219. Currently, Bank has more than 40 lakh customers served by 15000+ employees over 400 bank branches and 200 Asset centres in 22 states and union territories.
The Reserve Bank of India permitted only Scheduled Commercial Banks to offer 90% LTV on Gold Loan. This is the golden opportunity for the customers to avail of the highest amount of loans for the same gold ornaments instantly.
Mr. Sandeep Arora, Head, Marketing & Products, said, "This move from the bank which is in line with RBI's announcement for Scheduled Commercial Banks only will allow our customers to get 20% higher loan amount with their same amount of gold."
"As a bank we believe in building a relationship with our customers and describe our accounts as 'Khata Nahi, Nata' reinforcing our focus on customer relationship over a mere account transaction. The current announcement will go a long way in boosting the confidence of our customers in current times and help in cementing strong relationships with them." The bank is providing gold loans with the lowest interest rate of 0.92% per month.
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