Gold Loan In Meerut

Meerut in Uttar Pradesh enjoys the reputation of being a sports goods manufacturing hub. It is also here where one of the first publishing units were set up. Meerut has a decent industrial base with agriculture as another contributor to growth. Of late, Meerut’s MSME sector is fast emerging as the driver of growth in the city.

Keeping the nature of the economy in mind, IIFL Finance has a simple and convenient offer for the citizens of Meerut. The lending company offers a gold loan in Meerut that does not require a credit score, has no hidden charges, and only involves minimal time before approving and disbursing a gold loan. This mitigates the need for loan agents in Meerut.

Features and Benefits of Gold Loan In Meerut

IIFL Finance offers a gold loan to Indian citizens through its 2,668+ branches in India, making it a convenient and easy way to raise a loan against gold jewellery. There are some factors that make a gold loan in Meerut a popular choice to meet planned expenses and unforeseen contingencies. The factors are:

Quick Approval and Disbursement

After the lending company receives the application, the approval and disbursal is done in very little time.

No End-Use Restrictions

IIFL Finance offers the flexibility to use the loan amount to meet any expenses as long as they are legal.

Minimum Documentation

Application for a gold loan in Meerut requires very little paperwork. This makes the process simple and quick for the lending company to process and for the customer to receive funds.

How To Apply For A Gold Loan in Meerut

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 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 Meerut

IIFL Finance offers one of the best gold loans in Meerut to creditworthy borrowers. The lending company has set some gold loan eligibility criteria to assess an applicant’s creditworthiness and repayment capacity which are as follows:

  1. The individual is a salaried employee/entrepreneur/self-employed/trader/farmer

  2. 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.

  3. The individual is between 18-70 years of age

  4. The individual has gold jewellery with a purity of 18-22 carats

Documents Required For Gold Loan in Meerut

When applying for one of the best gold loans in Meerut, IIFL Finance requires the following gold loan documents to be submitted along with the application form:

Aadhaar Card

Valid Passport

PAN Card

Valid Driving Licence

Voter ID Card

Ration Card

Electricity Bill

Bank Statement

Why Choose IIFL Gold Loan in Meerut

IIFL Finance’s gold loan is one of the best gold loans in Meerut owing to the simple application process, the requirement of only minimal paperwork, no credit score, and speedy approval and disbursal. Some other reasons why one should obtain a gold loan from IIFL Finance are:

Highest Loan-to-Value: IIFL Finance offers the highest LTV of 75%, subject to the value of the pledged gold in the Meerut market.

Flexible EMIs:A gold loan applicant has the flexibility of repaying the loan in two convenient ways. One, as a single repayment option and the other as easy monthly EMIs.

Gold Safety: The lending company accords utmost importance to safety, meaning, it secures the pledged gold safely in a safety vault with 24/7 monitoring and an insurance cover as additional safety.

Transparency: Along with an affordable rate of interest on its gold loan, IIFL Finance also maintains complete transparency in the rate of interest it charges, the fees and charges and all the relevant information pertaining to the gold loan.

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

Meerut has a modest industrial and manufacturing base. Its connectivity to Delhi bodes well for its economic development.

Scores of people employed in sports goods manufacturing, textile, sugar, tyres, chemicals and engineering units can enjoy a better quality of life with a gold loan from IIFL Finance. An applicant enjoys the benefit of receiving 75% LTV, the highest in the industry. With the flexibility of using the loan amount for any legal purpose and also the facility to repay as per convenience makes a gold loan in Meerut the most feasible borrowing mode in Meerut.

Uses of Loan against Gold in Meerut

IIFL Finance offers loan against gold jewellery to customers who can then use the loan amount to meet any of their life’s goals. Most of us have either personal, business or medical expenses to meet. The loan amount from a gold loan in Meerut can be used for either of the following expenses:

Business Expenses -
An entrepreneur or a self-employed professional can pay for rent/salaries,buy a capital asset or use it for office-related expenses.
Personal Expenses -
The gold loan amount can be used to pay for personal expenses such as, higher education, purchase of consumer durables and paying for an international vacation among other things.
Medical Expenses -
Health issues are unavoidable, and given the soaring medical costs, especially in emergencies or for a special treatment/surgery, a gold loan in Meerut is very useful.

Gold Loan in Meerut FAQs

An Indian national in the age-group of 18-70 years, who is either salaried/an entrepreneur/self-employed/trader/farmer and can pledge gold jewellery with a purity of 18-22 carats is eligible for a gold loan from IIFL Finance in Meerut.

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Some benefits that an applicant enjoys when he applies for a gold loan are, no requirement for credit score, transparency in the application process and the rate of interest, charges and fees. The approval and disbursal is also fast. The lending company offers the flexibility to use the loan amount for any legal purpose.

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Interest on a gold loan in Meerut ranges between 18%-22% p.a. Also, the additional charges and fees are mentioned on the website for the customer to know.

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