Gold Loan In Kanpur
Kanpur is a major industrial city in Uttar Pradesh with good air, road and railway connectivity. This makes Kanpur a major economic centre with leather shoe-making, leather works, light engineering and food processing industries mushrooming among other small-scale and cottage industries.
These factors make it a town of livelihoods for labourers in and around Kanpur. In such cases, when the need for finance arises, a gold loan in Kanpur is an excellent financial instrument. With no credit score required and complete transparency in the interest rate, fees and charges levied, a jewellery loan in Kanpur is easily the most preferred instrument.
Features and Benefits of Gold Loan In Kanpur
Gold loan in Kanpur is preferred by citizens looking to raise money for business or personal use. The popularity of the gold loan can be attributed to its following features and benefits of gold loan.
How To Apply For A Gold Loan in Kanpur

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 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 Kanpur
IIFL Finance offers a gold loan in Kanpur to creditworthy individuals with the ability to repay. The lending company ensures this by stipulating the following criteria:
Check for IIFL Finance gold loan eligibility criteria :
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The individual is a salaried employee/entrepreneur/self-employed/trader/farmer
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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.
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The individual is between 18-70 years of age
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The individual has gold jewellery with a purity of 18-22 carats
Documents Required For Gold Loan in Kanpur
The documentation process required for an instant jewellery loan in Kolkata is simple and easy to execute. The following gold loan document are required to prove your identity and address as valid proof for taking a gold loan in Kolkata:
Aadhaar Card
Valid Passport
PAN Card
Valid Driving Licence
Voter ID Card
Ration Card
Electricity Bill
Bank Statement
Why Choose IIFL Gold Loan in Kanpur
A gold loan from IIFL Finance is one of the best gold loans in Kanpur. The loan is designed to offer a hassle-free experience of applying for and receiving a loan. Here are some factors that make it among the best gold loans in Kanpur:
Highest Loan-to-Value: IIFL Finance disburses the highest loan amount of up to 75% to borrowers. The lent amount also depends on the value of gold in the physical gold market in Kanpur.
Flexible EMIs: The lending company makes it easier gold loan repayment process by offering the option of repaying as flexible EMIs or as a single payment.
Gold Safety: IIFL Finance secures the pledged gold in steel vaults with 24*7 monitoring. It also insures the pledged gold against loss or damage.
Transparency: IIFL Finance maintains complete transparency in the rates, charges and fees it charges to gold loan applicants. The same is disclosed on website.
Why is Gold Loan the Most Feasible Borrowing Mode in Kanpur?
Owing to its excellent connectivity and MSMEs helping revive Kanpur’s economy, the city offers employment opportunities to people in and around the city.
As a city providing livelihoods, Kanpur offers immense scope to workers to be able to receive additional funds to meet their personal and business needs. This makes a gold loan in Kanpur the most feasible borrowing instrument. The application process is simple, low gold loan interest rate and disbursal is fast too, making the gold loan in Kanpur among the most preferred financial instruments to obtain a loan.
Uses of Loan against Gold in Kanpur
A loan against gold is where an applicant wishing to raise funds is willing to pledge gold jewellery with IIFL Finance. The gold loan in Kanpur comes with the flexibility of using the borrowed amount for any of the following purposes:
Gold Loan in Kanpur FAQs
The benefits of gold loan from IIFL Finance are, it requires minimal documentation; is approved and disbursed quickly and the loan amount can be used to meet personal and business expenses.
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