Gold Loan In Durgapur
Like in any other urban town in India, people of Durgapur, one of India’s few planned industrial towns, look at gold as a must-have asset. The gold loan in Durgapur offered by IIFL Finance is an extremely useful loan product, that can be availed by anyone in a tight financial spot and has gold to offer as a collateral. IIFL Finance offers attractive interest rates, lower than most lenders, making the gold loan an affordable option during an emergency. With its customised loan schemes and repayment options, IIFL Finance’s gold loan in Durgapur is easily accessible to people of different backgrounds.
Features and Benefits of Gold Loan In Durgapur
This unique product offered by IIFL Finance has several benefits and attractive features, which householders and business persons in Durgapur will find extremely useful. Among the most prominent of these are:
How To Apply For A Gold Loan in Durgapur

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 approval
Documents Required
Simple process and in-house gold valuation ensures that you get the loan amount in your account or in cash
Gold Loan Calculator (Rates as on 04 December 2023)
Eligibility Criteria to Apply For Gold Loans in Durgapur
The gold loan eligibility criteria are so set so that persons in need of a quick loan in Durgapur can easily avail the same from IIFL Finance without lengthy procedures or paperwork. In addition, criteria and terms are so set that borrowers can reclaim their valuables, most of which have sentimental value at the end of the loan term. It is therefore often referred to as the best gold loan in Durgapur. The criteria are as follows:
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Anyone who receives a salary as well as self-employed professionals, business owners, traders, farmers, and others are all eligible.
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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.
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Age range should be between 18 to 70 years.
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Gold ornaments between 18 and 22 carats in purity should be in your collection.
Documents Required For Gold Loan in Durgapur
Your eligibility for the best gold loan in Durgapur is majorly dependent on being able to provide the necessary documents to prove your identity, your address and proof of income. You can choose the necessary documents from among the following:
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 Durgapur
With its numerous branches and over twenty-five years of experience as a non-banking financial company, IIFL Finance’s gold loan is one of the best gold loans in Durgapur. We have catered to more than 60 lakh customers to date and many more depend on us for their financial needs. Here are just a few reasons to choose IIFL Finance’s gold loan in Durgapur.
Assured Safety: IIFL Finance stores your valuables in highly secure vaults. Your jewelry is provided an added layer of security through insurance. Deposit your gold as a collateral with IIFL Finance and remain free of tension.
Higher loan amounts: IIFL Finance provides a high Loan to Value ratio of 75% giving borrowers relatively higher loan amounts for the same weight of gold when compared to other institutions.
Customised Repayment Schemes: The loan against gold in Durgapur offers borrowers flexible repayment options such as bullet repayment, equated quarterly repayment or monthly EMIs. Customers can choose the option best suited to their expected future cash inflows.
Transparent Procedures: Finance clearly lays its terms and conditions out to its borrowers before signing of the agreement. Terms and conditions are set as per industry standards. Borrowers need not worry about hidden clauses while signing the agreement.
Why is Gold Loan the Most Feasible Borrowing Mode in Durgapur?
A loan against gold can be obtained irrespective of your economic background. It is an ideal way to raise capital to fund bulk expenditure or emergencies. With lower interest rates as compared to other lenders in the market, IIFL Finance’s Gold loan is the loan of choice. Gold is an asset with sentimental value and its ownership can be retained while utilising it as a collateral by choosing a Gold loan in Durgapur. If the value of gold appreciates significantly, it allows the borrower to avail larger loans against gold deposited. Over and above, the document processing for IIFL Finance’s gold loan in Durgapur, from application to disbursal, is quick and easy.
Uses of Loan against Gold in Durgapur
Gold assets that are idle can come to your rescue in times of crisis or personal exigency, or to finance a dream. Borrowers find it convenient due to the simple processing, excellent service, varied options of application and repayment. The numerous branches make it convenient and easily accessible for the busy people of Durgapur. You can use it for any purpose as per your discretion including:
Gold Loan in Durgapur FAQs
Interest rates move up and down in line with RBI declared repo rates. In addition, rate of interest for the gold loan in Durgapur depend on the loan tenure and the loan amount. A good credit score will earn a lower interest rate.
You can use IIFL Finance’s online gold loan calculator to calculate the gold loan amount. All you need to do is enter the weight of gold that you have to offer as collateral. The calculator gives you the gold loan amount based on the assumption that the gold is of 22K purity. If the purity is less, the loan amount will also be lesser than that displayed.
Any adult citizen below the age of 70 can apply for a gold loan in Durgapur. However, IIFL Finance requires you to be salaried or self-employed to ensure that you will have the means of repaying your loan and reclaiming your family’s precious valuables. IIFL Finance also offers gold loans to NRIs, so long as they apply along with a co-borrower who is a resident Indian citizen.
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