Apply Loan Against Gold at IIFL Finance
A Gold Loan or a jewel loan is a secured loan where you pledge your gold jewellery as collateral to get funds. IIFL Finance offers a quick and hassle-free way to meet urgent financial needs, whether personal, medical , education or business, without requiring you to sell your gold. Gold Loans remain a preferred financing option in India. Loan amounts are linked to prevailing gold prices, with interest rates starting from 11.88%* p.a. The process is designed to ensure a seamless customer experience with minimal documentation and quick disbursal.
Gold Loan Interest Calculator
| Gold Weight (gm) | Gold Carat | Loan Amount |
|---|---|---|
| ₹0 |
*The market value of your gold is calculated by taking the 30-day average gold rate of 22-carat gold | The purity of the gold is assumed to be 22 carats.*
*You can avail a maximum loan of up to 75% of the market value of your gold, depending on the quality of the gold.*
Disclaimer: The gold loan amount displayed is an estimate. Actual eligibility and loan value may vary based on the gold valuation process.
₹0
*The market value of your gold is calculated by taking the 30-day average gold rate of 22-carat gold | The purity of the gold is assumed to be 22 carats.*
*You can avail a maximum loan of up to 75% of the market value of your gold, depending on the quality of the gold.*
Disclaimer: The gold loan amount displayed is an estimate. Actual eligibility and loan value may vary based on the gold valuation process.
Gold Loan Features and Benefits
A Gold Loan offers quick access to funds by pledging your gold jewellery as collateral. With competitive interest rates, minimal documentation, and quick disbursal, it’s ideal for meeting your financial needs. You can enjoy flexible repayment options with no hidden charges. With 2,800+ branches across 1,500+ cities, IIFL Finance makes Gold Loan services accessible across India.
Here are some of the key features and benefits of availing a gold loan from IIFL Finance:
Gold Loan Features & Benefits: Video Guide
Key Features and Benefits of Our Gold Loan
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Quick Loan Disbursal:
Gold Loans offer a convenient way to access funds when required. After the completion of gold evaluation and required documentation, the loan amount is processed and disbursed promptly, subject to internal policies and applicable regulations.
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Single Branch Visit for Loan Processing:
Applying for a gold loan typically requires a one-time visit to the branch for gold evaluation, documentation, and loan processing. After the loan is disbursed, customers can conveniently manage repayments, renewals, and other service requests through online channels like IIFL Loans App.
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Minimal Documentation:
Gold loans are processed with basic documentation in line with applicable KYC requirements. Customers are generally required to provide valid identity and address proof, such as Aadhaar and PAN, enabling a streamlined loan process.
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Transparent Gold Evaluation:
Gold pledged for the loan is evaluated using standardised purity-testing methods and equipment, such as karat meters. Customers are informed about the assessed purity and weight of the pledged gold, and the loan amount is determined based on applicable loan-to-value (LTV) norms and prevailing gold prices, in accordance with regulatory guidelines.
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Insured Gold Storage:
The gold pledged with IIFL Finance is stored in secure vaults with appropriate safety and surveillance measures. The pledged gold is also covered under applicable insurance arrangements, helping ensure its protection while it remains in the lender’s custody during the loan tenure.
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Gold Loan Top-up:
IIFL Finance offers a Gold Loan Top-up facility for eligible customers who may require additional funds without closing their existing loan. The additional amount is offered based on the pledged gold’s value and prevailing gold prices, subject to internal policies and LTV norms.
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Flexible Repayment Options:
Choose from multiple repayment options based on your financial convenience. Customers may pay interest during the loan tenure and repay the principal amount at the end, subject to applicable terms. IIFL Finance offers flexible repayment structures designed to suit different financial needs.
How to Apply for an IIFL Finance Gold Loan
Applying for a Gold Loan with IIFL Finance is quick and convenient. Start the process online or visit your nearest branch. With minimal documentation and transparent gold evaluation, you can access funds with ease.
Here’s the exact step-by-step process for applying for a gold loan with IIFL Finance:
Apply for a Gold Loan Online via Website
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Start Your Application
: Visit the IIFL Finance website, go to the Gold Loan section, and click “Apply Now.” Enter your basic details such as name, mobile number, and pincode.
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Verify & Book Appointment
Verify your mobile number using OTP and book an appointment at your preferred branch.
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Visit the Branch
: Carry your gold jewellery (18–22K) and basic KYC documents such as Aadhaar and PAN.
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Gold Evaluation
: The valuer checks the purity and weight of your gold using standard testing methods.
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Documentation & Verification
: Submit the required KYC documents. Verification is completed as per regulatory guidelines.
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Loan Approval & Disbursal
: Once evaluation and verification are complete, the loan is approved and the amount is disbursed to your bank account.
Gold Loan Fee and Charges
With a transparent fee structure and zero hidden charges, IIFL Finance Gold Loan offers customers a clear and reliable way to meet their capital requirements. Below are the applicable fees and charges:
| Types of fee | Applicable Charges |
|---|---|
| Interest Rate | 0.99% onward p.m. (11.88% - 27% p.a.) Gold Loan Interest Rates vary according to the loan amount and repayment frequency |
| Processing Fee | ₹0 onwards Varies depending on scheme availed |
| MTM Charges | ₹500.00 Valuing an asset to reflect its current market rate |
| Auction Charges | ₹1500.00 |
| Overdue Notice Charges | ₹200 (per Notice) |
How to use a Gold Loan Calculator?
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Enter the weight of your gold (in grams or kilograms)
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Click the “Refresh” button to process the value.
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View the estimated eligible loan amount instantly.
Gold Loan Amount & Valuation
You can get a loan against gold starting from Rs 3000 onwards. The Gold Loan amount depends on the gold valuation, based on the purity of the pledged gold (assumed to be 22 Karat). Its market value is calculated by taking the 30-day average gold rate of 22 Karat gold. First, experts assess the quality. Then, the Gold Loan amount is determined according to the RBI’s guidelines which is up to 75%.
Gold Loan Repayment Options
IIFL Finance offers flexible repayment options designed to suit different financial needs and repayment capacities.
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Interest-Only Repayment
You can pay only the interest during the loan tenure and repay the principal amount at the end, subject to the loan scheme you selected.
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EMI Repayment Option
You can choose structured monthly EMIs to repay both principal and interest in convenient installments throughout the loan tenure.
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Bullet Repayment
You can repay the entire loan amount along with applicable interest in a single payment at the end of the tenure.
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Part-Payment Facility
You can also make partial payments toward the outstanding principal during the loan tenure, helping reduce the overall interest burden.
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Digital Payment Convenience
Repay your loan easily through UPI, net banking, or secure payment links, allowing you to manage repayments without frequent branch visits.
Gold Loan Eligibility & Documentation
Getting a Gold Loan from IIFL Finance is simple and hassle-free. Any Indian resident aged 18 years or above with gold jewellery can apply. The process requires only basic KYC documents such as Aadhaar and PAN, no income proof or credit score needed, ensuring quick approval and easy disbursal.
Gold Loan Process and Required Documents Explained
Gold Loan Eligibility: Who Can Apply
Explore the eligibility criteria to apply for a Gold Loan online with IIFL Finance.
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You must be between 18 and 70 years of age at the time of loan disbursement.
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You must own the gold you are pledging.
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Gold purity must be between 18 and 22 karats.
Documents Required for Gold Loan
A gold loan borrower must submit one of the following document as part of the Reserve Bank of India’s “Know Your Customer” (KYC) norms:
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Aadhaar Card
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Valid Passport
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PAN Card
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Valid Driving Licence
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Voter ID Card
Safety and Security of Your Gold
At IIFL Finance, the safety and security of pledged gold is managed through robust processes designed in line with applicable regulatory guidelines and internal risk management standards. From the moment the gold is collected by an authorized representative, defined verification and documentation procedures are followed to ensure transparency and accuracy.
Each ornament is carefully assessed, weighed, and verified before being stored in highly secure vaults. After valuation, the pledged gold is kept in high-security facilities equipped with restricted access, advanced surveillance systems, and round-the-clock monitoring to ensure complete protection of customer assets.
In line with responsible lending practices, IIFL Finance maintains structured processes across collection, verification, storage, and release of pledged gold, helping ensure transparency and customer confidence throughout the gold loan lifecycle.
Through these measures, IIFL Finance aims to provide customers with a reliable and secure gold loan experience, combining operational diligence with customer-centric service.
Insurance Coverage of Your Gold
When you pledge gold with IIFL Finance for a gold loan, its custody and protection are managed through structured processes aligned with applicable regulatory requirements and internal risk management standards. Gold pledged by customers is typically covered under an institutional insurance policy maintained by the lender, ensuring protection for the asset during the entire loan tenure.
The insurance coverage generally includes:
- Protection against theft, loss, or accidental damage while the gold is in transit or under the custody of the lender.
- Coverage against unforeseen events such as fire or other specified risks that may affect the storage facilities.
- Insurance arranged through authorised insurers, in accordance with prevailing industry practices and regulatory expectations.
Before storage, each pledged ornament undergoes standardised assessment, weighing, and documentation, and the details are recorded in the loan records. These records form the basis for asset tracking and, if required, the insurance claim process.
In the unlikely event of loss or damage, any claim is typically evaluated based on:
- The recorded weight and purity of the pledged gold at the time of loan processing.
- Compensation determined as per applicable policy terms and prevailing gold prices, in line with recognised market benchmarks.
Customers should note that the insurance policy is generally maintained in the name of the lending institution, as the pledged gold remains under the lender’s custody during the loan tenure. However, customers may be required to provide necessary documentation or support during the claim process if needed.
In case of the borrower’s death, legal heirs may redeem the pledged gold by following the lender’s prescribed process and settling any outstanding loan dues, subject to verification and applicable documentation requirements.
These measures are designed to ensure transparency, asset protection, and adherence to responsible lending practices throughout the gold loan lifecycle.
What Happens If You Default?
A default on a gold loan happens when you miss or delay your payments, or fail to pay any other dues such as interest or fees by the scheduled dates. It may also include breach of loan terms, providing incorrect information, or not maintaining the required security margin.
At IIFL Finance, we understand that financial challenges can arise unexpectedly, and our approach is always transparent and customer-friendly. Here’s what typically happens if a default occurs:
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Step 1:
Reminders and Grace Period - You’ll first receive gentle reminders via calls, messages, or emails, along with a short grace period to help you make your payments.
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Step 2:
Formal Notice - If the dues remain unpaid, a formal notice is issued, providing a clear 10-business-day window before any further action.
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Step 3:
Auction Process (if needed) - As a last resort, the pledged gold may be auctioned in accordance with Reserve Bank of India (RBI) guidelines. The sale proceeds are used to clear outstanding dues, and any remaining balance is refunded to you.
To help you avoid such outcomes, IIFL Finance offers options like:
Loan restructuring or tenure extensions, subject to approval.
Guidance on repayment plans to help you get back on track.
Keep in mind that defaulting can affect your credit score and may impact your ability to get loans in the future. We always encourage timely repayments to maintain a healthy credit record and ensure continued access to financial support when you need it most.
Gold Loan FAQs
At IIFL Finance, you can avail a loan of up to 75% of the market value of your gold, depending on the purity and quality of your gold jewellery. Higher gold purity and weight increase your gold loan eligibility, helping you unlock maximum value while your gold remains safe and secure.
A Gold Loan is a type of secured loan where you pledge your gold jewellery, typically 18-22 karat, as collateral to obtain funds. The loan amount is determined based on the gold’s weight, purity, and 30-day average gold rate. Unlike unsecured loans, a gold loan does not require income proof or credit history checks. It offers quick approval, flexible repayment options, and low interest rates, making it ideal for meeting urgent personal or business needs. Your gold is kept safe in secure vaults during the loan tenure.
Once the loan along with interest is repaid, the pledged gold is returned. This makes a gold loan a flexible, fast, and safe way to unlock the value of your idle gold assets without selling them.
Yes! Taking a Gold Loan is a safe and effective way to utilize idle gold jewellery. Since your gold jewellery remains securely stored in insured vaults, it can work as collateral to meet urgent financial requirements, such as medical emergencies, business needs, or personal expenses, without having to sell your valuable jewellery.
A gold loan works by pledging your gold jewellery as collateral to a lender. IIFL Finance evaluates your pledged gold for purity, weight, and market value. Based on a predefined Loan-to-Value (LTV) ratio, a loan amount is sanctioned. Interest is charged on the borrowed amount while your gold remains safely stored in insured vaults. Once the principal and interest are repaid, your gold is returned.
Yes, a gold loan can be prepaid or foreclosed at any time. Borrowers are required to clear all pending dues, including principal, interest, and any applicable charges. IIFL Finance allows early closure without unnecessary delays, providing flexibility and cost savings.
The minimum amount of loan on gold at IIFL Finance is Rs 3,000. This ensures even small borrowers can access funds conveniently against their gold.
No guarantor is required for an IIFL Gold Loan. Since the loan is secured against your gold jewellery, approval depends solely on the pledged asset, making it accessible to a wide range of borrowers without additional guarantees.
Getting a gold loan from IIFL Finance is super easy! Click on the ‘Apply Now’ button mentioned above and fill in all the required details to get a loan approved in 5 minutes.
- Start by filling in your details and hit ‘Apply Now’
- Enter the OTP sent to your phone to verify your number
- Select your city and type in your PIN code
- Choose the branch closest to you and book your appointment
The gold loan is calculated based on the quality of the pledged gold and its market value in the domestic physical market. You can also use the gold loan calculator on IIFL Finance’s website to see how much loan you get against weight of the gold jewellery. You just have to enter the weight of the gold and the calculator will return the maximum amount you can borrow on it. The market value of the gold is calculated by taking 30 days average gold rate of 22 karat gold.
The minimum and maximum limit for loan against gold at IIFL Finance depend on the pledged gold’s value. Generally, small loans start from a few thousand rupees, while high-value loans can go up to several lakhs, with the exact amount calculated based on 30-day average gold rate and the Loan-to-Value (LTV) ratio.
Yes, IIFL Finance offers gold loan renewal and top-up facilities. Borrowers can renew their loan and/or access additional funds on the same pledged gold if eligible. This provides flexibility to meet ongoing financial requirements without pledging new assets.
NRIs can apply for a gold loan with IIFL Finance subject to eligibility conditions, including valid KYC and local Indian residency proof for the pledged gold. Terms may vary depending on the branch or city, so it is advisable to check specific requirements.
Yes, senior citizens are eligible for an IIFL Gold Loan as long as they meet basic age (max. 70 years) and KYC requirements. The process remains simple, and gold loans can be availed for emergencies or other financial needs, with flexible repayment options.
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More than 8 million happy customers
When I visited IIFL Finance it just took a few minutes to process the loan and the process was very transparent. I have advised my friends to get their gold loans from IIFL.
Venkatram Reddy
I recommended IIFL Finance, the process is very fast. The staff is friendly and gives good suggestions on the schemes which are beneficial.
Vishal Khare
IIFL Finance's customer friendly approach is what I liked. They are so transparent in their dealings. I look forward for my future association with them.
Pushpa
I have been taking Gold Loan from IIFL Finance for quite some time now. I get good services and right value for my Gold Loan.
Manish Kushawah
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