Gold Loan Eligibility Criteria at IIFL Finance
Before applying, it’s important to check your eligibility to ensure a smooth gold loan experience. At IIFL Finance, the process is simple and customer-friendly, with minimal documentation and quick approvals. Verifying eligibility helps you understand the loan amount you can avail based on your gold’s purity and weight, avoiding delays or rejections. With IIFL’s transparent policies and hassle-free processing, you can access funds quickly while keeping your gold safe and secure.
Applicant Details
An individuals should be salaried, Non-Salaried, Self-Employed individuals with minimum age of 18 years, maximum age of 70 years at the time of loan disbursal.
Gold Purity
IIFL Finance provides loan on gold purity of 18-22 Carat.
Maximum loan to Value ratio (LTV Ratio)
IIFL Finance will provide a loan of maximum 75% of the value of gold pledged
Who Can Apply for an IIFL Gold Loan?
IIFL Gold Loans are designed to be inclusive and customer-friendly, making them accessible to a wide range of applicants.
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Age criteria: Minimum 18 years and maximum 70 years at the time of loan disbursal.
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Eligible applicants: Salaried professionals, self-employed individuals, non-salaried persons, farmers, and traders.
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Simple requirements: No income proof is needed for most loans.
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Customer-friendly policy: No CIBIL score requirement, ensuring easy access to funds.
With such flexible criteria, almost anyone owning gold can avail a loan quickly and hassle-free with IIFL Finance.
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Gold Purity Requirements
To avail a gold loan with IIFL Finance, the pledged gold must have a minimum purity of 18 karats and can go up to 22 karats. The purity of your gold plays a key role in determining both your loan eligibility and the amount sanctioned.
Higher purity gold (closer to 22 karats) generally fetches a higher loan-to-value ratio, while lower purity gold may reduce the eligible loan amount. By assessing the purity accurately, IIFL Finance ensures transparency and fair valuation, giving you the maximum possible benefit from your pledged gold.
Gold Loan Eligibility Related Video
Gold Loan Eligibility: Everything You Need to Know
To know about gold loan and its eligibility criteria, check this video for more information. If you meet all above mentioned eligibility criteria, you can apply for online gold loan. You have to 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
No, income proof is not needed for gold loan.
PAN card is needed only for gold loans of above Rs 5 lakh
Gold loan can be availed by filling application online on IIFL Finance website, or by visiting the nearest branch
To check your eligibility for IIFL gold loan you can visit our website or branch.
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