The State Bank of India (SBI) has launched an exclusive Gold Loan Cell at its NRI Branch here.
SBI Vijayawada Urban Regional Manager Venkat Garikapati, who inaugurated the new facility on Saturday, said that it was first of its kind in the city branches.
Quick disbursal
The new service was launched for quick disbursal of gold loans and for the convenience of the gold loan borrowers.
In addition, the bank was also offering the gold loans at a very low rate of interest and comfortable Equated monthly instalments (EMIs), he said. NRI Branch AGM Venu said that the Cell not only paves the way for sanction of gold loans at quicker pace, but also offers excellent customer service.
SBI Accountant Venkateswara Rao, Cash Officer Syed Ali, other staffers and customers of the branch were present.
SBI Vijayawada Urban Regional Manager Venkat Garikapati says it is first of its kind in the city branches