What is a gold loan?
A gold loan is a secured loan where you pledge your gold items as collateral to borrow money. HNBF offers quick service and flexible short-term credit facilities.
What are the eligibility criteria for a gold loan at HNBF?
You must be a Sri Lankan citizen above 18 years of age and have gold items such as jewelry, coins, or biscuits.
What documents are required for a gold loan at HNBF?
Identity proof (e.g., NIC, passport, or driving license)
What is the interest rate on a gold loan?
Interest rates vary based on the loan tenure. For example, monthly rates can range from 1.42% to 1.80%
What are the additional charges involved in a gold loan at HNBF?
Additional charges may include processing fees and default interest charges.
What is the typical tenure for a gold loan at HNBF?
The tenure can range from 1 month to 12 months (Example: 1,2,3,4,6,9 and 12 Months)
What are the repayment options for a gold loan at HNBF?
Repayment options include partial payments, bullet repayments, and early redemption. Customers can also renew their gold loan by paying off the accumulated interest.
What happens if I fail to repay the loan at HNBF?
HNBF will send timely reminders to help customers pay the interest or loan amount to avoid the auction. If you fail to repay the loan, HNBF may auction your pledged gold to recover the outstanding amount.
How can I reclaim my pledged gold at HNBF?
You can reclaim your gold by repaying the loan amount along with any applicable interest and charges. Redemption can be done by the original borrower or a third party with written consent.
Are there any special plans for gold loans at HNBF?
HNBF offers a “Gold Plan”, which allows customers to buy gold jewelry by paying in installments. This plan is beneficial for future needs such as weddings and other special occasions.
HNB FINANCE Call Centre: 0112024848
