SVF offers gold loans @ 50 paisa interest

Rajamahendravaram: Sri Venkateswara Finance (SVF) managing director Ravipati Madana Gopala Swamy has said that his company was giving gold loans even for 50 paisa for the benefit of poor and middle class people. 

The SVF is giving loans to the people by taking Aadhaar card, ration card or pan card etc to identify proper beneficiaries.

Addressing the customers in connection with the inauguration of its second branch in Prakasam Nagar here on Monday, he said the branch was opened to go nearer to the people and to serve them. 

Relating to gold loans, the SVF was providing 90 percent of loan amount and also transferring the mortgaged gold from other financial institutions to SVF freely on the request of the customers, he said.

The SVF was extending its services to the customers with committment and without any allegations for many years and it returned the gold to the customers within minutes if the customers desires to close gold loan account, he claimed.

The SVF chairman, Prabhakar Sri Ramachandra Rao inaugurated the branch.MLAs Dr Akula Satyananrayana, Gorantla Buchaiah Choudary, Pendurthi Venkatesh and elite of the city congratulated the SVF management for opening its branch.