CDB relaunches its Gold Loan product with unparalleled customer Benefits

Citizens Development Business Finance PLC (CDB) recently relaunched its Gold Loan
product and brought forward new Unique Selling Points (USPs) to the benefit of its
customers who are facing difficulties due to the current economic situation.
Resonating strongly with its ethos of being the best place to obtain Gold Loans, CDB has
made the decision to not charge interest from customers for half a month for the first month
from the date the Gold Loan is obtained. Accordingly, no interest will be charged if
customers redeem the gold articles within fifteen days from the date of submission.
Commenting on the re launch of this product, Mr. Prasad Ranasinghe, Deputy General
Manager of CDB said, “We have decided to provide a service with maximum confidence and
security to our customers who seek this service. We will remain committed to assisting
customers in obtaining the same so that they may carry out their various financial
responsibilities. CDB has understood that our customers come from all walks of life,
especially small and medium-scale entrepreneurs, businessmen, and self-employed women.
Therefore, we decided to provide a high advance amount, minimum interest rates, and
reliable service standards.”
Steps have also been taken to provide customers with an attractive advance of
Rs.165,000/= per gold sovereign. CDB charges a minimum initial interest rate monthly,
which may be tailored for the convenience of the customer. To provide a more efficient
service, CDB’s branch network will provide Gold Loan services on weekdays from 8:30 am
to 5:30 pm and on Saturdays from 8:30 am to 2:00 pm.
Customers who come to CDB branches to obtain a Gold Loan facility can complete their
services within a short time of just three minutes. In terms of confidentiality and reliability of
the transaction, CDB has set up a special service room (VIP Room) for Gold Loan services
only. Accordingly, customers will be able to carry out their Gold Loan transactions without
any inconvenience. Dedicated staff will ensure that the gold items are not damaged during
the inspection and the company has pledged to bear full responsibility for the safe storage of
the items. Further information on this service can be obtained by visiting giving a missed call to 0117 12111, or by
visiting any CDB branch.

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