Gold Loan In Hyderabad

In today’s uncertain and fast-paced times it is not unusual to find yourself in need of a lump sum amount of cash. If you are based in Hyderabad, the city of pearls, which was once famous as the global centre for trade in precious stones like emerald and diamonds, you could be in the same situation. A gold loan in Hyderabad is one of the loan products that you will find convenient.

Even if you have come to the city to explore opportunities in the IT hub of India or its flourishing service sector, and need ready cash to help set up your new home or your new business –  do explore the gold loan in Hyderabad offered by IIFL Finance.

If you are looking for a simplified and ideal way to raise funds, apply for an IIFL Gold loan in Hyderabad today!

Features and Benefits of Gold Loan In Hyderabad

The loan against gold in Hyderabad offers several attractive features and benefits:

Here are some of the features of the gold loan Hyderabad:

Quick Approval and Disbursal

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

Gold Pledge is Secured and Insured

The pledged gold is secured, safely kept in highly secured vaults and after repaying the entire loan will return the gold articles pledged

Minimum Documentation

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 Hyderabad

Find Your Nearest Branch - IIFL Finance

Walk into any IIFL Gold Loan branch with your gold.

Find Nearest Branch
Documents Required Icon - IIFL Finance

Provide your ID proof, address proof and gold to get an instant approval

Documents Required
Simple Process Calculator - IIFL Finance

Simple process and in-house gold valuation ensures that you get the loan amount in your account or in cash

Gold Loan in Hyderabad EMI Calculator

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 30 days average gold rate of 22 carat gold | Purity of the gold is assumed at 22 carat.

*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 Hyderabad

In the context of gold loans in Hyderabad, IIFL Finance has established specific eligibility criteria for gold loan aimed at optimizing loan repayment and gold retrieval by the borrower. IIFL Finance only offers gold loans to Indian Nationals who fulfil the following criteria

Check for IIFL Finance gold loan eligibility criteria :

  1. You must be a salaried employee/ businessman/ businesswoman/ trader/ farmer or self-employed professional.

  2. You should be an Indian nationality.

  3. You should be between the age of 18-70 years.

  4. You should have gold ornaments purity 18-22 carats.

Documents Required For Gold Loan in Hyderabad

The gold loan online offered by IIFL could be considered the best gold loan in Hyderabad because of the minimal paper work. It also offers one of the lowest gold loan interest rate in Hyderabad :

Aadhaar and PAN Card

Valid Passport

2 passport-size photographs

Valid Driving Licence

Voter ID Card

Job Card Issued By NREGA

Ration Card

Electricity Bill

Salary/Income Proof

Certificate by Jewel Appraiser (Bank will Arrange)

IIFL Finance Offers Gold Loan At Home Services In Hyderabad

Unbelievable, but true! you can avail the gold loan without stepping out of the comfort of your home. IIFL Finance offers you the convenience of an online gold loan. This makes it convenient for you to apply anytime, anywhere, whether at home, or at work or even while travelling between appointments! 

Here's how the Gold Loan at Home service generally works:

Why Choose IIFL Gold Loan in Hyderabad

A loan against Gold in Hyderabad is an efficient way to raise emergency funds. We have designed our gold loan products to be distinctive and ensure they come with attractive and affordable gold loan interest rate. You should choose to take a gold loan in Hyderabad from IIFL Finance because of the following reasons:

  1. High Loan to Value Ratio: IIFL Finance provides a high LTV ratio up to 75% of the value of the weight of the gold deposited

  2. Flexible EMIs: Flexible repayment options make it easy and convenient to repay.  Pay through monthly or quarterly EMIs, or pay in bulk at the end of the tenure

  3. Gold Safety: IIFL secures the gold deposited in secure vaults with high-level security and insured

  4. Transparency: IIFL follows a transparent policy regarding interest rate and gold valuation

Uses of Loan against Gold in Hyderabad

The gold loan in Hyderabad can be used for any purpose as the borrower deems fit. There are no conditionalities attached to the jewel loan offered by IIFL. You could use it for several purposes such as medical emergencies, funding a new business venture or scaling up an existing one. You could also use it for home renovation and furnishing, or even to top-up a home loan. The gold loan in Hyderabad can also be used to repay an outstanding credit card bill to avoid the high interest charges. 

Why is Gold Loan the Most Feasible Borrowing Mode in Hyderabad?

Not only does IIFL offer one of the highest gold loan per gram in Hyderabad with a Loan to Value Ratio up to 75%, it is also one of the most feasible borrowing modes in the city. Since most Indian households have some amount of gold in their possession, it is easily available as a collateral for a gold loan. Being a secured loan, the interest rates offered on the gold loan in Hyderabad are lower compared to unsecured loans. Check the gold rate in hyderabad today to know the price of gold for 22k and 24k this help you to take the decision. 

Gold Loan in Hyderabad FAQs

Yes, you can avail an EMI facility on a gold loan in Hyderabad. You can opt to pay your EMIs on a monthly basis or other options as per scheme and your convenience.

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The interest rate on gold loans in Hyderabad offered by IIFL Finance are competitive and varies as per gold loan scheme avail by you. As of June 2023, interest rates ranged between 11.88% p.a. to 27% p.a. The final interest rate you will be charged will depend on the loan amount and your repayment frequency.
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The IIFL Finance gold loan emi calculator is a user-friendly tool. Simply enter the weight of gold in grams or kilograms that you wish to pledge in the indicated box. The loan amount will be reflected immediately. However, keep in mind that IIFL assumes the gold is of 22K purity. The final loan amount will depend on the purity of gold pledged. 

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In general, the maximum tenure for gold loans in Hyderabad and all over India, is two years.

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Yes, one of the most attractive features of a gold loan is the ability to prepay the loan without any foreclosure charges

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No, you will not need an introducer to avail a gold loan in Hyderabad. However, if you are an NRI you will need a co-applicant to avail a gold loan

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