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:

Brisk Processing Speeds:

IIFL Finance will process your application for a gold loan in Durgapur on an urgent basis. Time between completed application, approval and disbursal is minimal./p>

Minimal Paperwork:

IIFL makes the journey from application to approval smooth by keeping document requirements to the barest minimum. The documents required can easily be arranged by any Indian citizen.

No End Use Restrictions:

IIFL Finance’s gold loan in Durgapur can be used for any purpose. It is left solely to the discretion of the borrower to decide the purpose for which he or she will use the loan.

How To Apply For A Gold Loan in Durgapur

01
Find Your Nearest Branch - IIFL Finance
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Walk into any IIFL Gold Loan branch with your gold.

Find Nearest Branch
02
Documents Required Icon - IIFL Finance
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Provide your ID proof, address proof and gold to get an instant approval

Documents Required
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Simple Process Calculator - IIFL Finance

Simple process ensures that you get the loan amount

Gold Loan Calculator (Rates as on 23 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 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:

  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 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:

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 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:

Medical Emergencies: -
Since processing and disbursals are quick and approvals are not contingent on your credit score, this is a loan of choice to meet medical needs. This may be for urgent hospitalisation, or a pre-planned surgery. It could also be for admitting yourself for detoxification or rejuvenation treatment to improve overall well-being.
Personal Expenditure -
The loan against gold can be used for any kind of personal expenditure – from buying a motorcycle to transport you to work or a phone for your mother, so you can communicate regularly and ensure her well-being. The gold loan is often used to fund education, marriage and holiday expenses as well.
Medical Expenditure -
With no end-use restrictions, IIFL Finance’s gold loan in Durgapur can be used to launch a new business or give a fillip to an existing one. Use it to upgrade your machinery, start a new factory or pay salaries during an economic slump. Or use it to renovate your offices or for business travel to attract more clients.

IIFL Finance

 
 
 
 

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.

The minimum age to apply for a gold loan in Durgapur is 18 years.

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.

No, your gold deposited as collateral is sufficient to get a loan against gold in Durgapur.

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