Gold Loan In Kota

Kota district in Rajasthan is among the leading districts for its agricultural produce, industrial activity and indigenous industries. The district also has four major power plants. It is also a chief exporter of rayon Thayer fabric, rayon tyre yarn cord, sand and limestones, soya and textile machinery parts among other items.

With a wide range of economic activity in Kota, gold loan in Kota is an ideal option to raise funds to meet money requirements. Important features of the gold loan in Kota are, it does not require a credit score, there are no hidden charges and the interest rate is among the lowest. The benefits of a gold loan in Kota are, minimal documentation, quick approval, disbursal and the flexibility to use the loan for personal or business use.

Features and Benefits of Gold Loan In Kota

IIFL Finance gold loan in Kota is a preferred financial instrument in the hands of customers. Keeping the interests of the borrowers in mind, IIFL Finance has designed the IIFL gold loan in Kota that offers the following benefits:

Quick Approval and Disbursal:

IIFL Finance has made getting a gold loan in Kota easier. After verifying the documents, approval is done, and the loan is disbursed within 30 minutes. The approved loan amount then reflects in the borrower’s bank account.

No End-Use Restrictions:

The IIFL Finance gold loan comes with the flexibility to use the loan amount to meet personal or business requirements.

Minimal Paperwork:

Application for a gold loan in Kota requires the submission of minimal documents to ensure speedy processing of the loan for approval and disbursal.

How To Apply For A Gold Loan in Kota

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
03
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 Calculator (Rates as on 13 April 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 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 Kota

IIFL Finance offers gold loans in Kota to eligible applicants only based on their creditworthiness and repayment capacity. The lending company does not wish to take away the ownership of the pledged gold and so has specified the following gold loan eligibility criteria:

  1. Anyone who receives a salary as well as self-employed professionals, business owners, traders, farmers, and others are all eligible.

  2. 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.

  3. Age range should be between 18 to 70 years.

  4. Gold ornaments between 18 and 22 carats in purity should be in your collection.

Documents Required For Gold Loan in Kota

After fulfilling the eligibility criteria, a customer must also submit relevant, valid documents to receive the best gold loan in Kota. The documents required by the lending company are as follows:

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 Kota

The IIFL Finance gold loan is one of the best gold loans in Kota. The process of applying for a gold loan is simple and straightforward. A credit score is not required for eligibility, the process is transparent, and IIFL Finance discloses all the applicable fees and chargers on their website. The rate of interest is also among the lowest than a few other gold loans in Kota. Besides this, the other factors that you should know about what makes it one of the best gold loans in Kota are:

Highest Loan-to-Value: It is the maximum loan amount the applicant is eligible for. IIFL Finance offers the highest LTV of up to 75% subject to the value of the pledged gold in the physical market in Kota.

Flexible EMIs: Along with the flexibility to use the loan amount for any purpose, the lending company also offers a flexible option to repay as monthly EMIs or as a single payment.

Safety:The lending company secures the gold loan in steel vaults, with continuous monitoring and insures the collateral for additional safety.

Transparency: Application for IIFL Finance’s gold loan in Kota is easy and transparent. The applicable charges and fees are available on the IIFL Finance website.

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

The economy of Kota is a mix of agricultural, industrial and mining activities. It is particularly famous for its textiles and metal handicrafts. It also has four power plants in its area.

The pace of economic activity in the district makes gold loan in Kota one of the fastest and easiest ways to raise funds by pledging gold jewellery. An applicant need not have a credit score and yet can be eligible for up to 75% of the value of the pledged gold. The loan amount can be used for business or personal use, and the repayment options are flexible too.

Uses of Loan against Gold in Kota

IIFL Finance gold loan in Kota is not only simple to apply to, but also offers the flexibility of using the money raised for any of the following purposes:

Business Expenses -
A customer can use the loan amount for his business, such as buying capital assets, paying rent and salaries and for daily business operations.
Personal Expenses -
A customer can use the loan amount to pay for higher education, purchase of consumer durables and other important occasions.
Medical Expenses -
The loan amount can be used to pay medical, surgery, and hospital bills.

Gold Loan in Kota FAQs

IIFL Finance decides the eligibility of an applicant by ascertaining they are Indian nationals; they are in the age-group of 18-70 years; are salaried /entrepreneurs/trader/farmers/self-employed professionals and have gold ornaments with 18-22 carat purity.

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An IIFL Finance Gold Loan is generally disbursed quickly, subject to meeting the relevant criteria. There are no limitations as regards the use of loan amount and the application involves minimal paperwork.

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To receive a gold loan in Kota, IIFL Finance only accepts gold jewellery having 18-22 carat purity.

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The gold loan interest rate  in Kota can be between 11.88%-27% p.a. Apart from this, the applicant has to pay certain fees and charges, which are disclosed on the IIFL Finance website.

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