Gold Loan Calculator
Gold loans have proven useful to take advantage of the stored gold and borrow money during financial emergencies. As there are no restrictions on the end-use of the gold loan amount, you can fulfil all of your capital requirements for any purpose.
However, these loans require you to pledge the gold articles and jewellery and take them to the lender’s branch for safekeeping. Hence, it is wise to borrow the desired amount. A gold loan calculator is just the tool to understand the gold required as collateral to borrow a certain amount of money.
A gold loan calculator helps determine the loan amount you can raise for a specific quantity of gold. For example, if you have 250 gms of gold articles, you can use a gold loan calculator to ascertain the loan amount for this specific volume of gold.
Gold Loan Calculator
Eligibility Criteria for Gold Loan
A gold loan is offered based on the amount of gold you have and can pledge as collateral with the lender. The maximum amount you receive relies on the gold's purity and weight to ascertain the gold articles' true value and offer a certain percentage as a gold loan.
Unlike other types of loans, the eligibility for a gold loan is not based on factors such as the applicant’s age, credit score, employment status, or financial conditions but solely on the gold pledged as the collateral. Once you fulfil the eligibility criteria, you can apply for a loan online with IIFL Finance without any restrictions on the end use of the borrowed funds.
Gold Loan Calculator FAQs
What Our Customers Have To Say
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.
I recommended IIFL Finance, the process is very fast. The staff is friendly and gives good suggestions on the schemes which are beneficial.
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.
Gold Loan Calculator Insights
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