Gold Loans

Gold loans

රන් ණය

Gold loans

Gold loans are a type of secured loan where borrowers use their gold assets, such as jewelry or coins, as collateral to borrow funds. They are popular due to their easy application process, quick approval, and relatively lower interest rates compared to unsecured loans.

Purpose of Gold loans

Gold loans can be used for a variety of personal, business, or emergency purposes, including

Medical Expenses

Gold loans offer a quick source of funds during medical emergencies.

Education

They are often used to fund education or tuition fees for immediate needs.

Agricultural Purposes

provide gold loans specifically tailored to meet agricultural needs, helping farmers covercultivation or seasonal expenses.

Advantages of Gold Loans

Minimal Documentation

No Credit Check

Gold Quality and Purity

Quick Disbursement

No Income Proof Required

Advantages of Gold Loans

Cultivation Loans

වගා ණය

Cultivation Loans

Cultivation loans are a type of agricultural credit facilities that provides funds to farmers to help them cover the costs associated with cultivating crops. We provide agricultural credit facilities to farmers in the Nuwaraeliya and Badulla districts.

Purpose of Cultivation Loans

Crop Production Costs

They help cover expenses such as seeds, fertilizers, pesticides, labor, and irrigation, which are essential for crop cultivation.

Equipment and Machinery

They may also be used to finance small-scale equipment or machinery, such as plows or tractors, that directly supports farming activities.

Operating Expenses

The loans can help with other operating expenses, like water and electricity bills, needed to maintain farming activities.

Enhanced Productivity

By offering funds for quality seeds, fertilizers, and necessary tools, these loans can improve crop yield and quality.

Economic Stability

Cultivation loans provide financial support that helps farmers maintain income stability, especially in times of cash-flow challenges.

Access to Modern Technology

Loans enable farmers to adopt better techniques and tools, potentially leading to higher productivity and more sustainable farming practices.

Benefits