Gold and gold jewelry have always been considered as safe, long-term investment by Sri Lankans, and now purchasing gold has been made all the more easier with the Ranmini loan scheme by SDB bank.
Customers who wish to purchase gold jewelry, gold coins or gold biscuits (22 karat and above) from any reputed jeweler recognized by the bank, or purchase gold items with the objective of pawning for cash on credit, now have the opportunity to make a long-term financial commitment through Ranmini.
FEATURES AND BENEFITS
- Maximum loan amount for a Sovereign (8g) 18K/24K of gold
- Competitive low interest rates in the market
- Ensured accuracy of gold weight and value with the latest equipment
- Benchmarked services that guarantee speed, privacy and the highest level of confidentiality
- Guaranteed security of pawned jewelry
- Possibility of making part payment of capital and renewal of outstanding amount
- Interest can be paid on any SDB branches island wide
- Re-payment period is 12 months
Ranmini Pawning:
- The bank-assessed gold value will be financed, with the balance being contributed by the customer
- Repayment can be done at any time
- Gold items to be redeemed in one year
- At the end of one year, the gold items can be re-pawned by fully settling the interest component
Process:
- The particular customer will identify the jewelry item to be purchased and details of such jewelry item should be sent to the bank branch by way of a sales invoice from the jeweler.
- Jewelry should be purchased from a registered jewelry shop in the respective area.
Ranmini Pawning
Karatage
22 KtMaximum Advance Rs. Per 08 g.
125,000.00Karatage
24 KtMaximum Advance Rs. Per 08 g.
140,000.00
Eligibility
Sri Lankan citizens above the age of 18 with a guaranteed permanent income
- Ranmini Pawning: No age limit
Required Documentation
- A duly filled loan application OR pawning ticket
- Copy of the national identity card / passport / driver’s license for identification
- No. 12. Edmonton Road
Kirulapone
Colombo 06
Sri Lanka. - 011 5411 411