Gold Loan In Bhubaneshwar
A gold loan is a loan given by IIFL Finance with gold deposited as collateral or security. For people of Bhubaneshwar, the temple city of India, the gold loan is an extremely useful product that can be depended on in emergencies. With the city attracting skilled and unskilled workers in droves as it expands rapidly in the sectors of education, IT, and tourism, there are several occasions when you might find yourself in need of some quick lumpsum cash to finance an urgent requirement.
While there are several banks and NBFCs offering gold loans, the Gold Loan in Bhubaneshwar offered by IIFL has several attractive features and benefits, making it advantageous as compared to those offered by other lenders.
Features and Benefits of Gold Loan In Bhubaneshwar
For people in the temple city, IIFL’s Gold Loan in Bhubaneshwar, is often like an answer to their prayers during a crisis. Here are some of its most outstanding features:
How To Apply For A Gold Loan in Bhubaneshwar
Walk into any IIFL Gold Loan branch with your gold.
Find Nearest Branch
Provide your ID proof, address proof and gold to get an instant gold loan approval
Documents Required
Simple process ensures that you get the loan amount
Estimate Your Gold Loan Eligibility (Rates Effective 04 Dec 2025)
*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.*
Disclaimer: The gold loan amount displayed is an estimate. Actual eligibility and loan value may vary based on the gold valuation process.
Gold Loan Eligibility & Documentation
Getting a Gold Loan from IIFL Finance is simple and hassle-free. Any Indian resident aged 18 years or above with gold jewellery can apply. The process requires only basic KYC documents such as Aadhaar and PAN, no income proof or credit score needed, ensuring quick approval and easy disbursal.
Gold Loan Process and Required Documents Explained
Gold Loan Eligibility: Who Can Apply
Explore the eligibility criteria to apply for a Gold Loan with IIFL Finance.
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You must be between 18 and 70 years of age at the time of loan disbursement.
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Applicants can be salaried, no salaried, self-employed, or non-salaried individuals.
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You must own the gold you are pledging.
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Only gold jewellery is eligible as collateral; gold coins and bars are not accepted for pledge.
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Gold purity must be between 18 and 22 karats.
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Valid KYC documents include the Aadhaar card and PAN card.
Documents Required for Gold Loan
A gold loan borrower must submit one of the following document as part of the Reserve Bank of India’s “Know Your Customer” (KYC) norms:
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Aadhaar Card
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Valid Passport
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PAN Card
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Valid Driving Licence
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Voter ID Card
Why Choose IIFL Gold Loan in Bhubaneshwar
IIFL’s gold loan in Bhubaneshwar is one of the best gold loan products available for several reasons. Here are some of them:
High Loan to Value Ratio
giving you a high loan amountHigh Level of Security
for the gold deposited, doubly secured through insuranceCustomised Schemes
ensure maximum loan amounts to meet your needsCustomised EMI and repayment options
ensure borrowers are tension free
Why is Gold Loan the Most Feasible Borrowing Mode in Bhubaneshwar?
A Gold loan is the most feasible borrowing mode in Bhubaneshwar for several reasons. You do not need a good credit score. The gold loan in Bhubaneshwar has no end use restrictions- you can use it for anything ranging from a medical emergency to making a down payment on your dream home. Being a secured loan, interest rates are lower compared to personal loans. There are no early repayment penalties or transfer charges. You can apply online and complete all the formalities sitting at your home.
Uses of Loan against Gold in Bhubaneshwar
With its no end-use restrictions, attractive interest rates and flexible repayment options, the loan against gold in Bhubaneshwar is one of the most convenient modes of borrowing. While there are several hundred purposes for which people take the gold loan in Bhubaneshwar, here are some of them:
Business Expenses
- Your gold loan can be used to start a new business venture or expand an existing one. During market downslides, the gold loan in Bhubaneshwar can provide a much-needed cash infusion to pay employees salaries, suppliers or other business overheads. Alternatively, you could use it to refurbish office space, buy equipment or even flight tickets to meet a promising overseas buyer.
Personal Expenses
- The gold loan in Bhubaneshwar can be used to fund some personal expense, when your savings are not enough to fund the requirement. You could use it for buying gadgets such as phones, laptops, music systems or for education, marriage or holiday expenses among others.
Medical Expenses
- The loan against gold can be used for meeting medical and hospitalisation expenses, when insurance is not available or not enough. Whether medicines, surgery, pathological tests or travel expenses associated with treatment, the gold loan can be used as per your personal discretion.
Gold Loan in Bhubaneshwar FAQs
Any Indian citizen who is between 18 to 70 years of age and has a steady source of income can apply for a gold loan in Bhubaneshwar. Non-resident Indians can apply only if they apply along with a co-borrower who is an Indian citizen.
The rate of interest on a gold loan depends on several factors. These include the current repo rates declared by RBI, your credit score, the loan amount and the loan term.
You can check the loan amount by entering the weight of gold you wish to pledge. The gold loan calculator calculates the rate of gold assuming it to be of 22K purity. The final amount may vary depending on the actual purity of the gold.
Any Indian citizen between 18 to 70 years of age, who has a regular income and has gold to pledge as collateral can apply for a gold loan in Bhubaneshwar.
The gold loan approval process is extremely swift. Once you fill in the Application Form online, IIFL will assign an appraiser to assess the value of the gold and its purity. once the formalities are complete and the agreement signed, the disbursal is within a few hours.
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