Gold Loan In Ludhiana

Whether you are an industrialist, a salaried employee or an overworked home-maker in the most populous and largest city in Punjab, Ludhiana, there will always be times when you suddenly find yourself under some financial pressure. It’s the story of almost every man and every woman. Most of us prepare for such times by investing regularly in FDs, Mutual funds, gold and other assets. This gold can easily be put to good use when you need some urgent cash through IIFL Finance’s gold loan in Ludhiana. This gold loan comes with competitive and attractive interest rates, making it an affordable loan option when in a financial crunch. With its customized loan services and repayment options, it is one of the best gold loans in Ludhiana.

Features and Benefits of Gold Loan In Ludhiana

The gold loan in Ludhiana offered by IIFL Finance appeals to persons from all walks of life because of the several benefits it offers. The well-curated features of this gold loan also makes it accessible to anyone who has gold to offer as a collateral. Here are some of its impressive features:

Quick Approval and Disbursal:

There is a very small time-lag between submission of your completed application and documents and approval of your loan. Once approved, transfer of the loan amount is almost lightening-quick

No End-Use Restrictions:

One of the best features of the gold loan in Ludhiana is that there are no end-use restrictions. You can use the loan for personal needs, medical or business needs

Minimal Paperwork:

The documents requested are minimal. Two photographs and proof of address and identity are all you nee

How To Apply For A Gold Loan in Ludhiana

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 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 Ludhiana

IIFL Finance has designed its criteria in such a manner to ensure easy access to the gold loan in Ludhiana. Equal weightage has been provided to ensuring borrowers can repay the loan and reclaim their gold, which in many cases may be family heirlooms. Here is the 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 Ludhiana

The simple documentation requirements of the gold loan offered by IIFL Finance makes it one of the best gold loan in Ludhiana. You only need to submit proof of identity and proof of address, along with two passport-size photographs. Choose from among the following documents:

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 Ludhiana

There are several strong reasons to choose the best gold loan in Ludhiana offered by IIFL Finance. With over 25 years of experience, numerous branches and over 60 lakh customers, it is an extremely reliable and dependable NBFC which prioritises its customer’s needs. With the online application and home-service feature, the gold loan product is easily accessible to the majority of the citizens of Ludhiana. Among the many reasons to choose this gold loan in Ludhiana, here are the main ones:

1. Highly Secured Storage: Use your precious gold valuables as pledge, confident that your valuables will be stored in highly secure vaults, backed by an added layer of insurance for security.

2. Assured Transparency: The terms and conditions for availing the loan and repayment are clearly laid out in your loan agreement. Procedures and actions undertaken in the rare event of default, are also clear from the onset.

3.High Loan to Value Ratio: The gold loan in Ludhiana from IIFL Finance assures you a loan amount up to 75% of the gold value at prevailing rates.

4.Flexible Repayment Options: IIFL Finance offers more than one repayment option. You could opt for a bullet repayment, monthly or quarterly repayments, customised as per your convenience.

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

If you require a lump sum amount of cash to finance an urgent requirement such as your child’s education or your own, or top up a home loan, or any requirement, no matter how uncommon, you can get a gold loan with ease from IIFL Finance. You retain ownership of the gold during the loan period while IIFL Finance keeps it in safe custody.

It is an easy way to raise money during an emergency, especially since you do not require a credit score to avail IIFL Finance’s gold loan in Ludhiana.

Uses of Loan against Gold in Ludhiana

Your valuable gold assets which usually lay idle can be put to good use through the gold loan in Ludhiana offered by IIFL Finance. The customised loan and repayment options, convenient online and offline application procedures, and numerous branches make it convenient during any type of emergency. You can use it as per your discretion including for the following:

Business Expenses -
You can use it to invest in a new business or an existing one. You could use it for capital expenditure or operating expenditure, to begin a new unit or upgrade an existing one
Personal Expenses -
You could also use the gold loan in Ludhiana for any personal expenditure you see fit. From taking a holiday, to renovating your home – from pampering yourself with a new high-end phone or pampering your loved one.
Medical Expenses -
The fast approval and disbursal makes IIFL Finance’s gold loan in Ludhiana, the loan option of choice for any medical needs – whether pre-planned or emergency, whether for treatment at home or at a hospital, for yourself or for a loved one.

Gold Loan in Ludhiana FAQs

The gold loan interest rate offered by IIF Finance in Ludhiana start at 0.99% per month. The final interest rate will depend on the loan amount and the type of gold loan scheme that you finally choose.

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You can apply for a gold loan in Ludhiana if you are at least 18 years of age.

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To calculate the gold loan amount you can avail, use the Gold Loan Calculator on our webpage. Just enter the weight of gold that you have and the loan amount will show up. Keep in mind that IIFL Finance assumes that the gold is of 22K purity.

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Any Indian citizen can apply for a gold loan in Ludhiana from IIFL Finance as long as she or he is between 18 and 70 years of age. In addition, the applicant should be salaried or self-employed and have gold to pledge as collateral.

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There is no need for a guarantor if you apply for a gold loan in Ludhiana from IIFL Finance.

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