Gold Loan In Latur
Looking for a gold loan in Latur? Whether it's for expanding your business, funding education, or meeting urgent personal needs, gold loans have become a preferred choice for quick and reliable financing in this growing city.
Latur, known for its strong agricultural base and emerging educational institutions, sees steady demand for accessible credit options. A gold loan in Latur allows residents to unlock the value of their gold without the need for a high credit score. With transparent terms, no hidden charges, and maximum value for your pledged gold, it’s a practical solution for both planned and unexpected expenses.
Gold Loan In Latur: Features and Benefits
A gold loan in Latur has some interesting features and offers some benefits to the applicants besides the ease of application and no requirement for a credit score. Some of these features and benefits are as follows:
How To Apply For A Gold Loan in Latur
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 gold loan approval
Documents Required
Simple process ensures that you get the loan amount
Estimate Your Gold Loan Eligibility (Rates Effective 11 Dec 2025)
*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.*
Disclaimer: The gold loan amount displayed is an estimate. Actual eligibility and loan value may vary based on the gold valuation process.
Gold Loan Eligibility & Documentation
Getting a Gold Loan from IIFL Finance is simple and hassle-free. Any Indian resident aged 18 years or above with gold jewellery can apply. The process requires only basic KYC documents such as Aadhaar and PAN, no income proof or credit score needed, ensuring quick approval and easy disbursal.
Gold Loan Process and Required Documents Explained
Gold Loan Eligibility: Who Can Apply
Explore the eligibility criteria to apply for a Gold Loan with IIFL Finance.
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You must be between 18 and 70 years of age at the time of loan disbursement.
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Applicants can be salaried, no salaried, self-employed, or non-salaried individuals.
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You must own the gold you are pledging.
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Only gold jewellery is eligible as collateral; gold coins and bars are not accepted for pledge.
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Gold purity must be between 18 and 22 karats.
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Valid KYC documents include the Aadhaar card and PAN card.
Documents Required for Gold Loan
A gold loan borrower must submit one of the following document as part of the Reserve Bank of India’s “Know Your Customer” (KYC) norms:
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Aadhaar Card
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Valid Passport
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PAN Card
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Valid Driving Licence
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Voter ID Card
Why Choose IIFL Gold Loan in Latur
IIFL Finance is among the well-known lending companies in Latur. One such reason for its popularity is its gold loan offering which is among the best gold loans in Latur. Some of the reasons why their gold loan is preferred are:
Highest Loan-to-Value
:From among the lending companies, IIFL Finance offers the highest LTV of 75% to their borrowers, making it one of the best gold loans in Latur. This 75% is determined by the value of the gold in the physical market in Latur.
Flexible EMIs
:The option to repay the loan as easy monthly installments or as a single payment makes the gold loan offering from IIFL Finance a preferred option
Gold Safety
:The lending company accords utmost importance to the pledged gold by keeping it in safe vaults with 24*7 monitoring and also by providing insurance for the collateral.
Transparency
:IIFL Finance maintains complete transparency throughout the entire application process for a gold loan. The lending company displays the gold loan rate in Latur along with the chargeable interest rate and other charges.
Why is Gold Loan the Most Feasible Borrowing Mode in Latur?
Latur is an agrarian economy and an education hub for higher education. It is also a religious place with devotees visiting the town on important occasions.
The nature of the town’s economy causes many natives to earn their livelihoods by being self-employed. To meet their business needs, a gold loan in Latur becomes the most feasible borrowing mode in Latur. The loan requires no credit score to be eligible for 75% of the pledged gold and the gold loan repayment terms are flexible too. The money raised can be used to meet personal or business needs.
Uses of Loan against Gold in Latur
IIFL Finance approves loans against pledged gold subject to the applicant meeting specific eligibility criteria and the submission of valid documents. When the lending company disburses a gold loan in Latur, an applicant can use the loan amount for any of the following purposes as there are no restrictions on its use.
Business Expenses -
Personal Expenses -
Medical Expenses -
Gold Loan in Latur FAQs
To avail a gold loan from IIFL Finance in Latur, the applicant must be an Indian citizen in the age-group of 18-70 years; should be either an employee/entrepreneur/trader/farmer/self-employed professional and, the applicant should be willing to pledge his gold having a purity of 18-22 carats.
Some of the benefits of a gold loan from IIFL are, an applicant of a gold loan in Latur must submit minimal paperwork; the approval and disbursal process is quick and transparent and finally, there are no end-use restrictions on the use of the loan amount.
When applying for a gold loan in Latur, an applicant can only pledge gold ornaments with IIFL Finance.
When applying for a gold loan in Latur, the chargeable interest rate is between 11.88%-27% p.a. Along with this, there are other applicable charges and fees that IIFL Finance discloses on its website.
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