Gold Loan In Jodhpur

Jodhpur, also called ‘Blue City’, is Rajasthan's prime tourist destination. It gets visitors from India and outside too; thus, tourism is a chief source of income generation for the citizens. Handicrafts is also a major industry in the district. Many projects are coming up to transform the city into a well-planned urban centre. Under this, the development of Festival City, corporate parks, a sports city and improvements to infrastructure works will be undertaken.

India’s most ambitious project, the Delhi-Mumbai Industrial Corridor, is also expected to impact the district's economy.

These developments will likely lead to an increase in demand for a better quality of life. IIFL Finance gold loan Jodhpur is an ideal financial instrument in such times. The IIFL Finance gold loan Jodhpur is designed to make it easy for customers to apply and receive funds against pledged gold.

Features and Benefits of Gold Loan In Jodhpur

For owners of gold, Gold Loans in Jodhpur is a great financial instrument to raise funds. Jodhpur is a princely state and gold a treasured asset in households not only in Jodhpur but throughout India.

Here are some reasons that make Gold Loan Jodhpur a lucrative option.

Quick Approval and Disbursement

The gold loan in Jodhpur is disbursed immediately after applying and submititing the accompanying documents, provided you also meet the eligibility criteria.

No End-Use Restrictions

The gold loan Jodhpur offers the flexibility of using it for business or personal use.

Minimum Documentation

The application process for a gold loan in Jodhpur is simple and requires very few documents.

Gold Loan 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 Jodhpur

Lenders in Jodhpur lend to creditworthy borrowers, basis their ability to repay. Owners of gold in Jodhpur must also meet the eligibility criteria set by IIFL Finance when applying for a Gold Loan Jodhpur. Some of these gold loan criteria are as follows:

  1. The individual is a salaried employee/entrepreneur/self-employed/trader/farmer

  2. The loan-to-value ratio is capped at 75%, meaning a maximum of 75% of the value of the gold will be given as loan.

  3. The individual is between 18-70 years of age

  4. The individual has gold jewellery with a purity of 18-22 carats

Documents Required For Gold Loan in Jodhpur

When applying for the best gold loan in Jodhpur, the applicant must furnish certain mandatory gold loan documents. These documents help ascertain the ID and address proof of the applicant. Some of the original documents he must produce are:

Aadhaar Card

Valid Passport

PAN Card

Valid Driving Licence

Voter ID Card

Ration Card

Electricity Bill

Bank Statement

Why Choose IIFL Gold Loan in Jodhpur

IIFL Finance offers the best gold loan in Jodhpur. The process for application of the loan is simple and quick. The disbursal for the best gold loan in Jodhpur is also immediate and hassle-free. Some important factors for the popularity of the gold loan are:

Highest Loan-to-Value: IIFL Finance offers the borrower the highest loan-to-value of 75%. It is determined by the total value of the pledged gold in the physical market in Jodhpur.

Flexible EMIs: IIFL Finance offers two options to repay the gold loan. The borrower can either make a single payment or pay in EMIs. The monthly EMIs are designed to offer the convenience of payment.

Gold Safety: IIFL Finance understands the importance of the pledged gold and so keeps it secured in steel vaults that are monitored 24/7. The lending company also insures the pledged gold with an insurance policy for maximum safety.

Transparency: IIFL Finance discloses all the vital information that a borrower needs to know. There are no hidden charges and transparency is maintained throughout.

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

Jodhpur is a prime tourist destination of Rajasthan. It gets visitors from India and outside, too. This results in income generation for the citizens. Handicrafts is also a major industry in the district.

A boom in economic activity will result in a boom in demand for consumer durables and a better quality of life. By pledging gold with IIFL Finance, citizens can obtain a gold loan in Jodhpur. The loan is easy to apply to, can give you up to 75% of the value of your gold, has no hidden charges and has convenient payment methods.

Uses of Loan against Gold in Jodhpur

IIFL Finance gold loan in Jodhpur offers the flexibility of using the money so raised to either use it for personal or business needs. Any citizen can use the gold loan for legal purposes such as:

Business Expenses -
A gold loan in Jodhpur can be used for business needs that include paying for operating expenses, salaries, rent or as a capital expenditure.
Personal Expenses -
The loan proceeds can be used to pay for higher education, weddings and consumer durables and other assets.
Medical Expenses -
Another important use of the gold loan is for paying medical expenses such as hospital bills, surgeries and other hospitalisation charges.

Gold Loan in Jodhpur FAQs

Any resident of Jodhpur, with valid documents and between 18-70 years of age, is a salaried employee/businessman/self-employed professional/trader or farmer and can pledge ornaments having 18-22 carat purity is eligible for a loan.

Was this helpful?

IIFL Finance does not require a credit score when applying for a gold loan. A quick and straightforward application procedure with minimal documentation ensures transparency. The disbursal is also fast. The pledged gold is secured in vaults and backed by an insurance policy.

Was this helpful?

IIFL Finance gold loan accepts gold jewellery only as a collateral. The criteria is that the gold jewellery must have a purity of 18-22 carats.

Was this helpful?

Depending on the loan amount and the repayment frequency, the interest rate on a gold loan may vary between 11.88%-27% per annum.

Was this helpful?
Show More Show Less

Latest Blogs on Gold Loans

How to Avoid Capital Gains Tax on Sale Of Gold?
Gold Loan How to Avoid Capital Gains Tax on Sale Of Gold?

People around the world have always cherished gol…

Why Gold Prices is Increasing in India?
Gold Loan Why Gold Prices is Increasing in India?

Gold, a priced asset and a symbol of wealth and pr…

How Does Gold Loan Works?
Gold Loan How Does Gold Loan Works?

Gold jewellery lying unutilized in a locker at ho…

Procedure for Gold Loan Repayment: How it Works, Types of Repayment
Gold Loan Procedure for Gold Loan Repayment: How it Works, Types of Repayment

Gold loans are popular funding options because th…

Gold Loan Popular Searches