Gold Loan In Agra
Agra is a popular tourist destination for national and international tourists. It is a major commercial and industrial hub known for its leather goods, jewellery and handicrafts. As one of the cities selected under the Smart Cities Challenge, Agra is undergoing a massive makeover. The city will be revamped by executing improvements to its infrastructure works, restoration activities, improvements in its surveillance and vigilance systems, smart mobility and traffic management and development of tourist hubs along with several other initiatives to turn it into a smart city.
As economic activity gets a boost, a gold loan in Agra is a convenient and fast way to raise funds.
The gold loan in Agra has no hidden charges and is given even without a credit score. By pledging gold jewellery, one can quickly secure a loan.
Features and Benefits of Gold Loan In Agra
Traditionally, gold is a popular asset in Indian households. With Gold Loan Agra, citizens can pledge their gold jewellery for cash. Jewellery loan in Agra is a fast and convenient way to raise cash that can be used for business or personal purposes. The loan does not require any credit score and the process is designed to disburse loans in a short span. The rate of interest is attractive, affordable and among the lowest.
How To Apply For A Gold Loan in Agra
Gold Loan Calculator (Rates as on 04 December 2023)
Eligibility Criteria to Apply For Gold Loans in Agra
IIFL Finance gold loan in Agra is a very convenient option for citizens to raise cash by pledging their gold jewellery. A jewellery loan is designed for fast disbursal subject to meeting specific criteria. The lending company stipulates that the applicants meet very few and basic criteria such as:
The applicant is either an employee, businessman, farmer, entrepreneur, trader, or self-employed professional.
The loan-to-value, or LTV, ratio is capped at 75%, meaning a maximum of 75% of the value of the gold will be given as loan.
The applicant must be at least 18 years of age and a maximum of 70 years when applying for the loan.
The applicant can pledge jewellery with a purity of 18-22 carat gold.
Documents Required For Gold Loan in Agra
After one meets the primary gold loan eligibility criteria. IIFL Finance gold loan Agra requires the submission of certain documents to prove the identity and address of the applicant. The necessary documents are as follows:
Valid Driving Licence
Voter ID Card
Why Choose IIFL Gold Loan in Agra
IIFL Finance Gold Loan is a smart and convenient way to obtain a loan against gold. Some features of a gold loan in Agra are, it is customised to meet the specific needs of the customer, there are no hidden charges, a credit score is not required, and the pledged gold is fully insured and secured in vaults. Repayment options are available for 36 months. All this while offering the maximum value against the pledged gold.
Why is Gold Loan the Most Feasible Borrowing Mode in Agra?
Agra is an important hub for economic activity. It is home to many traditional and modern manufacturing activities that employ many citizens. With Agra chosen under the Smart Cities challenge, the Master Plan is to give Agra a makeover and turn it into a smart, sustainable urban centre.A gold loan in Agra is an easy and convenient way to raise funds by pledging gold jewellery. The eligibility, approval and disbursal criteria are fairly simple and fast, making it easy for the applicant to receive a loan of up to 75% of the value of the pledged loan.
Uses of Loan against Gold in Agra
A gold loan in Agra is a convenient and easy way to raise cash to meet business or personal requirements. They are becoming a popular option for customers who need quick access to cash. The pledged gold stays safe until repayment, which is then returned to the borrower. Money so raised is often used for the following purposes: