Gold Loan In Chandigarh
As one of the earliest planned cities in post-independence India, and capital to two neighbouring states, this Union Territory has grown significantly since its early years. With newcomers regularly entering the city in search of better opportunities and livelihood, the capital requirements of the city are immense. The gold loan in Chandigarh is one of the easiest means to raise quick capital to finance any kind of need. With gold considered one of the safest and most stable assets, most residents of Chandigarh have gold at their disposal which they can put up as collateral while applying for a gold loan.
Features and Benefits of Gold Loan In Chandigarh
There are of course several money lenders in Chandigarh, as well as banks and NBFCs who offer several credit options to needy borrowers. The gold loan offered by IIFL Finance however offers several more benefits as compared to other loan products of other lenders in the city. Chief among these benefits are:
How To Apply For A Gold Loan in Chandigarh
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 13 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 Chandigarh
Along with the low gold loan interest rates , Chandigarh residents have several other strong reasons to choose this product over other gold loan products provided by other money lenders in Chandigarh. The strongest of these reasons are briefly presented below:
Highest Loan-to-Value
:This means that you will get a higher loan amount against the gold deposited as collateral as compared to that provided by other lenders. The LTV has been kept as high as 75%.
Flexible EMIs
:If you are in a business or occupation that does not provide a regular fixed monthly income, the gold loan of IIFL Finance offers you several different repayment schemes.
Gold Safety
:Customers remain tension-free after depositing their gold with IIFL Finance because of the high level of security that is provided to gold in their custody. This includes highly secure vaults plus insurance cover.
Transparency
:As a trusted NBFC with branches all over the country, IIFL ensures that the terms and conditions of the loan agreement are transparent and easy to understand, with no hidden costs.
Why is Gold Loan the Most Feasible Borrowing Mode in Chandigarh?
The gold loan is the most feasible borrowing mode for borrowers in Chandigarh for several reasons. Most residents have gold readily available at home. The gold loan provides an opportunity to raise money without selling this precious asset. In addition, you do not require a credit score to avail the loan. This makes processing all the more quicker when in need of money during an emergency.
Uses of Loan against Gold in Chandigarh
IIFL Finance gives you the freedom to decide how you will use the loan money that you raise. There are no pre-conditions set regarding usage. The agreed loan amount is transferred directly to your bank account for you to spend as per your need. The type of uses that people put the gold loan to usually falls within the following three categories, though you are free to use it differently:
Business Expenses
-Personal Expenses
-Medical Expenses
-Gold Loan in Chandigarh FAQs
Resident Indian citizens who have gold at their disposal which they can offer freely as collateral can apply for a gold loan in Chandigarh so long as they are between the age of 18 to 70 years.
Documentation is limited to a document showing your identity and a document showing your address. This submitted along with two passport-size photographs complete the set of documents needed to process the loan.
If you take a gold loan from IIFL Finance, you can be assured of several benefits such as easy user-friendly online application process, home-service, quick processing, low interest rates, a high LTV ratio and minimal paperwork.
You can avail a gold loan in Chandigarh by pledging your gold ornaments which are above 18 carat in purity.
For a loan with no conditions attached on usage the interest rate is extremely low and starts at 0.99% per month. The final interest rate is calculated after taking into consideration the loan term, loan amount and repayment schedule.
You can check the latest gold rate in Chandigarh on trusted financial websites, jewellery stores’ portals, or directly on the IIFL Finance website for updated daily prices.
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