Indel Money, a south India-based non-banking finance company (NBFC), has launched a special gold loan scheme with an attractive lower interest rate, Indel Money IFC (Indel Money India Fight Against Corona) exclusively for the vaccinated citizens. With the roll-out of this special gold loan scheme, Indel Money joins the mission to encourage people to get Covid-19 vaccination and boost the vaccination drive.
Indel Money IFC offers a gold loan with 1-year tenure, 11.5% interest rate, full loan-to-value and zero processing fee. Any existing Indel Money customer or any gold loan seeker who has received at least one vaccine dosage are eligible to avail the special gold loan scheme upon the submission of valid vaccination proof.
Mr. Umesh Mohanan, Executive Director and CEO, Indel Money said, “Vaccination is the vital step in strengthening the nationwide fight against Covid-19 pandemic and one of the ways to intensify the vaccination drive is to encourage more and more people to get vaccinated. Indel Money has developed a deeper connection with society by offering products and services which have been transforming lives. In this critical phase of the battle against the pandemic, we are happy to play our part towards the noble cause of accelerating vaccination drives, thus ensuring lives and livelihoods.”
Indel Money recently launched a vaccination drive for its 4500 employees, offering reimbursement on vaccination costs.