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:
How To Apply For A Gold Loan in Ludhiana

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 in-house 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 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:
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Anyone who receives a salary as well as self-employed professionals, business owners, traders, farmers, and others are all eligible.
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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.
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Age range should be between 18 to 70 years.
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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:
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.
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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