Dreaming of buying beautiful gold jewellery but don't have the full amount upfront?

MI Finance now makes it easier to purchase new gold jewellery without paying the full purchase price upfront, through our network of over 200 registered jewellery partners across the country. Simply select the jewellery you desire, make an initial payment, and MI Finance will finance the remaining balance with a very low interest rate. You can then repay the financed amount through convenient monthly instalments as well. 

Whether you're purchasing jewellery for a wedding, engagement, a child birth or as a long-term investment, Ran Seettu offers a simple, secure, and affordable path to gold ownership.

How It Works

1. Step 1

1. Visit your nearest MI Finance branch (90+ branches islandwide) and speak to a Gold Loan Officer, who will guide you in selecting one of our 200+ registered jewellery partners.

2. Your Gold Loan Officer will then direct you to the selected jewellery partner, where you can choose the gold jewellery you wish to purchase.

2. Step 2

1. Once you have selected your jewellery, one of our experienced Gold Loan Officers will assess its value.

2. MI Finance will finance up to 70% of the assessed gold value (excluding any additional charges imposed by the jeweller, if applicable), while the remaining 30% must be paid upfront by the customer.

3. The financed amount will then be converted into a 12 to 24-month instalment plan, allowing consumer to repay it through convenient monthly instalments.

4. Your purchased jewellery is securely retained by MI Finance as collateral until the facility is fully settled.

3. Step 3 

Once the facility has been fully settled, your jewellery will be released to you, allowing you to enjoy your valuable purchase.

Why Choose Ran Seettu?

• Own the gold jewellery you desire without paying the full purchase price upfront.
• Affordable monthly repayment options up to 24 Months.
• Simple and hassle-free documentation process
• Explore a wide range of gold jewellery through our network of 200+ registered jewellery partners across the country

*Conditions apply

Ran Seettu – Frequently Asked Questions (FAQs)

1. What is Ran Seettu?

Ran Seettu is a financing solution from MI Finance that enables customers to purchase new gold jewellery through our registered jewellery partners without paying the full purchase price upfront. Customers make an initial payment, while MI Finance finances the remaining balance, which can be repaid through convenient monthly instalments.

2. How does Ran Seettu work?

Customers first visit a MI Finance branch and meet a Gold Loan Officer, who guides them to a registered jewellery partner. After selecting the preferred jewellery, MI Finance assesses its eligible gold value and finances up to 70% of the assessed gold value(excluding any additional charges imposed by the jeweller, if applicable). The customer pays the remaining balance directly to the jewellery partner, while MI Finance pays the approved financing amount. The jewellery is retained by MI Finance as collateral until the facility is fully settled.

3. Can customers purchase jewellery from any jewellery shop?

No. Ran Seettu is available only through MI Finance's network of over 200 registered jewellery partners across Sri Lanka.

4. How much financing can a customer obtain?

MI Finance finances up to 70% of the assessed gold value of the selected jewellery. The financing amount is determined based on the jewellery's gold purity (karat), net gold weight, and the prevailing market value of gold, and does not include making charges or other charges imposed by the jewellery partner.

5. What amount should the customer pay upfront?

The customer is required to pay the amount not financed by MI Finance, together with any making charges and other applicable charges imposed by the jewellery partner. This payment is made directly to the jewellery partner.

6. Will the customer receive the jewellery immediately?

No. The jewellery purchased under the Ran Seettu facility is securely retained by MI Finance as collateral until the financed facility has been fully settled.

7. What is the repayment period?

The financed amount can be repaid through convenient monthly instalments over a period of 12 to 24 months, subject to the approved repayment terms.

8. How is the jewellery released to the customer?

Once the customer has fully settled the facility, including all outstanding instalments and applicable charges, MI Finance will release the jewellery to the customer.

9. What are the key benefits of Ran Seettu?

• Purchase new gold jewellery without paying the full purchase price upfront.
• Finance up to 70% of the assessed gold value.
• Convenient monthly instalments for up to 24 months.
• Access to over 200 registered jewellery partners across Sri Lanka.
• Guidance from experienced MI Finance Gold Loan Officers throughout the entire process.

10. Can a customer settle the facility before the agreed repayment period?

Yes. Customers may settle the outstanding balance before the end of the agreed repayment period, subject to MI Finance's prevailing terms and conditions.