Gold Loan In Delhi

In Delhi most of the citizen invests in gold ornaments for religious and auspicious occasions. However, some Delhi residents also invest in gold to make profits based on the buying and selling price differences.

Gold makes up for an ideal investment as it is an appreciative asset that increases in value over time as Delhi sees high gold demand, thereby increasing gold prices. IIFL Finance loan against gold in Delhi comes with attractive, affordable, and lowest gold loan interest rates to help you raise funds during a financial emergency.

IIFL Finance gold loan in Delhi have designed to cater to all the capital needs of individuals in Delhi with customized gold loan schemes and repayment process

Features and Benefits of Gold Loan In Delhi

Gold loans have become a popular product, especially in Delhi, as the demand for gold is among the highest in India. Quality lenders have specially designed gold loans in Delhi as a financial product to cater to the capital needs of the gold owners of Delhi. Here are some of its features.

Quick Approval and Disbursal

Receive a gold loan with fast disbursal, without waiting for an extended period after submitting your application.

No End-Use Restrictions

Unlike other types of loans, gold loan has no restrictions on the end use of the loan amount. You can use the loan amount for any personal legal purposes.

Minimal Paperwork

Gold loans require minimal paperwork and documentation as the process is straightforward to ensure you can apply for the gold loan in a matter of minutes.

How To Apply For A Gold Loan in Delhi

A gold loan in Delhi has become the preferred capital-raising avenue for individuals who want to secure funding based on their gold articles. IIFL Finance’s gold loan process is customised to be quick and hassle-free, with minimal documentation. Here is how you can apply for a gold loan in Delhi.

  • ‌‌Visit IIFL Finance’s website and click “Apply for a Gold Loan Now”. A gold loan application form will appear on the screen.

  • ‌‌Fill in the required details in the gold loan application form, such as your name, mobile number, and date of birth, along with your KYC documents and click on “Submit”.

  • IIFL Finance will review your application form with the eligibility criteria, and you will receive the application status.

  • IIFL Finance’s relationship manager will call you and assist you through the next steps of pledging the gold and getting the loan amount disbursed.

  • Once gold loan disbursed, you can use the gold loan amount for any personal legal purposes.

  • Once you have repaid the gold loan, IIFL will return the pledged gold ornaments.

Gold Loan Calculator (Rates as on 15 July 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 Delhi

Lenders have set eligibility criteria to ensure they offer the gold loan in Delhi to creditworthy individuals capable of repaying the loan amount. Although the lenders have the gold ornaments in possession until the borrower repays the loan, lenders do not want to take away the ownership from the borrowers by selling the gold. Hence, they ensure that the borrowers fulfil the eligibility criteria before approving the gold loan application

Check for IIFL Finance gold loan eligibility criteria :

  1. A person’s age must be between 18 - 70 years

  2. Have a valid Identity and address proof

Documents Required For Gold Loan in Delhi

Attaining the best gold loan in Delhi requires submitting some documents to prove the borrower's identity and ensure that the loan process is transparent. The borrower must provide documents to prove identity and address. You must keep all the gold loan documents handy while filling in the gold loan application form.

Accepted Identity Proof
  • Aadhaar Card
  • Valid Passport
  • PAN Card
  • Valid Driving Licence
  • Voter ID Card
Accepted Address Proof
  • Aadhaar Card
  • Valid Passport
  • Electricity Bill
  • Bank statement
  • Valid Driving Licence
  • Voter ID Card

Why Choose IIFL Finance to Avail a Gold Loan in Delhi?

IIFL Finance is a one-stop solution for all your capital needs. The loan process is designed to offer industry-best benefits to ensure hassle-free loan application and disbursal. IIFL have presence in India with 2668+ branches and gold loan at home service. Here is why you choose IIFL to take a gold loan if you reside in Delhi.

Highest Loan-To-Value

Loan-To-Value ratio is the percentage value set by the RBI for lenders to offer loan amounts based on the current market value of the pledged gold ornaments. IIFL offers the highest LTV of 75% to the borrowers to ensure they can get a loan amount of up to 75% of the gold ornaments' total value as per today’s gold rate in Delhi.

Flexible EMIs

IIFL Finance’s gold loans are flexible instruments that include the option of repaying through EMIs or a single payment. You can opt for either one of the payment options as per your financial convenience. The monthly EMIs are designed to ensure effective gold loan repayment.

Safety

IIFL Finance prioritises keeping the pledged gold articles as safe as possible. The gold ornaments are kept inside steel-hardened vaults, which are monitored 24/7. Furthermore, the pledged gold ornaments are backed by an insurance policy for maximum safety.

Transparency

IIFL Finance’s gold loan in the city of Delhi follows a transparent gold loan process by showcasing the current gold loan rate in Delhi and offering an attractive and affordable interest rate. There are no hidden costs with utmost transparency in fees which are communicated at the time of application.

Why Gold Loan is a Suitable Credit Option in Delhi?

Here is why a loan against gold in Delhi is a suitable credit option:

Delhi is one of the major hubs for credit lending companies that have curated numerous gold loan products to provide adequate capital through leveraging gold ornaments. Delhi witnesses high gold demand, which makes it easy to pledge gold and raise funds. 

A loan against gold in Delhi helps raise funds without any external capital. You can apply for a gold loan without owning any valuable asset apart from the gold ornaments.

IIFL Finance

 
 
 
 

Gold Loan in Delhi FAQs

You can apply for a gold loan when you need urgent capital funds for specific purposes such as education, medical, marriage etc. and have physical gold that you can pledge as collateral.

The maximum tenure of the gold loan is 24 months.

The gold loan interest in Delhi starts with 0.99% onwards per month and rate varies as per loan amount and gold loan scheme availed.

You can go through our website for any queries on low-interest gold loans. Alternatively, you can get in touch with our customer service staff by calling on 7039-050-000 for any type of queries on gold loan finance.

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