Gold Loan Documents

Gold Loan Documents Required

Taking a Gold Loan from IIFL Finance needs minimal documentation for KYC norms and other legal requirements. You can apply for a gold loan online or visit our wide network of 2700+ branches. You can also avail a gold loan through our doorstep service which is available in 40+ cities. IIFL Finance team tries to ensure that there are no geographical constraints in availing gold loans and the process is hassle-free for them.

Before applying for a gold loan through us, kindly refer to the list of documents required:

Accepted Identity Proof
  • Aadhaar Card
  • Valid Passport
  • PAN Card
  • Valid Driving Licence
  • Voter ID Card
Accepted Address Proof
  • Aadhaar Card
  • Valid Passport
  • Electricity Bill
  • Valid Driving Licence
  • Voter ID Card
  • Bank Statement
How to apply for a Gold Loan?

Apply for Gold Loan At IIFL Finance

Find Your Nearest Branch - IIFL Finance

Walk into any IIFL Gold Loan branch with your gold.

Find Nearest Branch
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Provide your ID proof, address proof and gold to get an instant approval

Documents Required
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Simple process ensures that you get the loan amount

Gold Loan Process & Documents Related Video

Process & Documents Required for Gold Loan

Gold Loan FAQs

Yes, you can part-release your gold once you have paid back the loan amount for the ornaments you wish to release

Yes, a nominal processing fee needs to be paid for availing gold loan

The minimum tenor to avail gold loan at IIFL Finance is 3 months and the maximum tenor is 24 months

Yes, you can repay your loan amount or interest due at any gold loan branches

To release your gold ornaments, you have to visit the branch from where the gold loan was disbursed

  1. In the event, the customer fails to settle the loan account or repay interest/installments/Principal Amount/any other amount, charges ("the total Outstanding"), post the completion of Loan tenure or otherwise. IIFL shall issue the notice at customer address given in this Application by giving 10 days time from the issue of the notice to customer for repayment of the total Outstanding. In the event, a customer fails to repay the total Outstanding even after giving 10 days notice for repayment, customer Pledged Gold Articles may be sold by IIFL in a Public Auction as per IIFL policy. The Auction will be announced to the Public by way of the issue of the Advertisement in at least two newspapers of which at least one newspaper shall be of a vernacular language and another shall be a national daily newspaper. If any of the Pledged Articles are sold at a price lower than the amount due from the customer, the customer shall pay the deficit amount to IIFL. In case of default in repaying the deficit amount by the customer, IIFL has all the right to initiate legal action against the customer and take possession of all the movables and immovables property belonging to the customer. If the Pledged Articles are sold at a higher price than the amounts due from the surplus amount, if any, may be refunded to customer after adjusting all the other amounts payable by customer to IIFL. If losses are incurred on sale, the same shall be reimbursed by customer to IIFL and in the event customer is unable to make good such losses, IIFL may institute legal proceedings to recover the losses from customers assets/property. IIFL shall not be responsible for any loss or costs incurred for selling the same if caused by such sales of Pledged Articles.
  2. IIFL reserves the right to sell any of the Pledged Articles by auction at any point of time, even before the expiry of 12 months, if IIFL is convinced that the market price or the maximum realizable value by sale of the Pledged Articles, is likely to come down below or equal to the total amount payable by customer, by way of principal, amount of the Loan interest and other amounts payable in respect of the Loan , after serving a notice of 10 days to customer at his address given in this Application.

Yes, you can only pay the gold loan interest amount and then pay the principal amount later at the end of the loan tenure

There are multiple options available to repay the gold loan like visiting branches, Quickpay, Bank transfer or UPI apps

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