Gold Loan Documents

Gold Loan Documents Required

IIFL Finance gold loans need minimal documentation for KYC norms and other legal requirements. You can apply online or visit any of our 2,600+ gold loan branches near your vicinity area. Even easier, you can book a doorstep gold loan appointment available in 36 cities now. IIFL Finance team ensure that gold loan process is hassle-free for all our customers

Before applying for loan, check the list of gold loan documents as listed below:

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

Apply for Gold Loan At IIFL Finance

01
Find Your Nearest Branch - IIFL Finance

Walk into any IIFL Gold Loan branch with your gold.

Find Nearest Branch
02
Documents Required Icon - IIFL Finance

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

Documents Required
03
Simple Process Calculator - IIFL Finance

Simple process and gold valuation ensures that you get the loan amount in your account or in cash

What Documents Are Required For Gold Loan - Related Video

Process & Documents Required for Gold Loan
Gold Loan Documents - Everything You need To Know

To know about gold loan documents and process, check this video for more information. If you have all above mentioned documents ready, you apply for gold loan online. Click on "Apply Now" Button then fill in the required details and submit the application form. Our IIFL representative will contact you and assist you through the next steps of gold loan process.

Gold Loan FAQs

Yes, you can once you have paid back a part of the loan amount as per the value of gold you wish to have released.

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Yes, a nominal processing fees has to be paid for availing a gold loan

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The maximum tenor offered is upto 24 months.

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Yes, you can repay your loan amount or interest due at any of IIFL Gold Loan branches. However, to release your gold ornaments/ Jewellery, you have to visit the branch from where the gold loan was disbursed.

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1. In the event, 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, 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 atleast 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 customer, customer shall pay the deficit amount to IIFL. In case 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 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.

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Gold loan is capped at maximum upto 75% of the market value and the purity of gold loan.

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The gold loan is calculated based on the quality of the pledged gold and its market. You can also use the gold loan calculator on IIFL Finance’s website. You just have to put the weight of the gold and the calculator will display the loan amount.

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

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There are multiple options available for gold loan repayment like by visiting Branches, Quickpay, Bank transfer or UPI apps

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