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.

Swift Approval and Disbursement:

The gold loan Agra is convenient and designed to offer immediate funds subject to the correct submission of documents and the purity of the gold.

Gold is Safe & Insured :

Under IIFL Finance gold loan Agra, the pledged gold is secured in vaults and is insured against loss or damage. On repayment of the loan, the gold is returned to the borrower.

Minimal Documentation:

IIFL Finance gold loan Agra disbursal requires minimal documentation and thus is an attractive option for citizens looking to raise funds.

How To Apply For A Gold Loan in Agra

Find Your Nearest Branch - IIFL Finance

Walk into any IIFL Gold Loan branch with your gold.

Find Nearest Branch
Documents Required Icon - IIFL Finance

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

Documents Required
Simple Process Calculator - IIFL Finance

Simple process ensures that you get the loan amount

Gold Loan Calculator (Rates as on 22 May 2024)

Find out the amount you will receive against your gold jewellery
gms kg
Rate Calculated @ / Gm

*The market value of your gold is calculated by taking the 30-day average gold rate of 22-carat gold | The purity of the gold is assumed to be 22 carats.*

*You can avail a maximum loan of up to 75% of the market value of your gold, depending on the quality of the gold.*

0% Processing Fee

For All Gold Loans securities* Apply Before May 1st 2019

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:

  1. The applicant is either an employee, businessman, farmer, entrepreneur, trader, or self-employed professional.

  2. 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.

  3. The applicant must be at least 18 years of age and a maximum of 70 years when applying for the loan.

  4. 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:

Aadhaar Card

Valid Passport

Pan Card

Valid Driving Licence

Voter ID Card

Ration Card

Electricity Bill

Salary/Income Proof

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:

Business Expenses -
Business requirements such as, operating expenses, salaries, buying machinery or paying rent can be met with a gold loan
Personal Expenses -
An individual has many personal needs to be met, such as, higher education, wedding, financing assets or even an expensive vacation. A gold loan is one of the best ways to raise funds.
Medical Expenses -
When medical expenses exceed in case of serious medical conditions, a gold loan is an ideal option to raise funds to pay for medicines, surgery and hospital bills.

IIFL Finance


Gold Loan in Agra FAQs

Anyone who is a resident of India and meets other eligibility criteria can provide the relevant documents and can pledge his gold jewellery can apply for an IIFL Finance gold loan in Agra.

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An IIFL Finance gold loan interest rate ranging between 11.88% to 27% per annum. However, it needs to be noted that the rates depend on the value of the loan amount and the repayment frequency.

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The loan amount one is eligible for depends on the pledged gold and its market value in the physical gold market. One can calculate the loan amount using the gold loan calculator on the IIFL Finance website.

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Any Indian salaried employee/entrepreneur/self-employed professional/farmer/trader/ is eligible for a gold loan from IIFL Finance in Agra.

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Subject to the submission of the correct ID and address proofs and fulfilling the eligibility criteria, a gold loan in Agra is disbursed and the amount reflects in the applicant’s account within 30 minutes of processing the application.

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