Private sector Karnataka Bank has started door-step gold loan facility for its customers. For this the bank has partnered with SahiBandhu.
Private sector Karnataka Bank has decided to distribute gold loan by going door to door (Door step Gold loan facility). For this, the company has started door-step loan facility and has joined hands with Sahi Bandhu. This facility has been named “KBL-Swarna Bandhu”. This will be a unique product of the company regarding gold loan.
You will get gold loan sitting at home
In the information shared with the exchange, Karnataka Bank said that it is going to launch door-step gold loan facility for its customers with the help of end-to-end digitization. With the help of this product, the bank will be able to provide loan against gold to its customers sitting at home. At present this facility will be started with select bank branches. Later it will gradually be expanded to all the branches of the bank.
Focus on distributing quality gold loans
Karnataka Bank wants to boost its gold loan portfolio. Door-step gold loan facility will prove to be very helpful in this work. The focus of the bank is to distribute quality loans in this segment.
Gold loan portfolio will expand
To fulfill this objective, the bank has partnered with SahiBandhu. Sahi Bandhu will work as a corporate business correspondent and lending service provider. Regarding this partnership, Managing Director and CEO of the bank Shri Krishna said that door-step gold loan is an innovative product. This will expand the gold loan portfolio of the bank.
