Gold Loan In Nagpur
Nagpur, called the ‘Orange City’ is also the second capital of the state of Maharashtra and is at the forefront of major infrastructure projects. One such is the MIHAN SEZ project, which is expected to boost the economic activity around Nagpur. The city is poised to become India’s next major IT hub, with Infosys, Tech Mahindra and TCS already having their campuses there. As Nagpur picks up its development pace, access to quick loans with the ease of less paperwork will enable citizens to meet their financial needs.
In such times, IIFL Finance Gold loan in Nagpur is a quick and best way to secure funds. Gold Loan in Nagpur has no hidden charges and offers maximum value for gold. It is best suited to meet the specific needs of the citizens by pledging gold jewellery for cash.
Features and Benefits of Gold Loan In Nagpur
As a traditional asset, gold is always valued and now with Gold Loan, it makes for an attractive financial solution. IIFL Finance Gold Loan in Nagpur is an excellent way to fulfil all your dreams by pledging your gold jewellery. It is tailor-made to suit the unique needs of the people of Nagpur with no hidden charges.
How To Apply For A Gold Loan in Nagpur
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 ensures that you get the loan amount
Gold Loan Calculator (Rates as on 27 July 2024)
*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.*
Eligibility Criteria to Apply For Gold Loans in Nagpur
IIFL Finance Gold Loan is an excellent way to raise capital in Nagpur that caters to a broad range of age-groups of clients. The Gold Loan eligibility criteria are few and basic. Approval for an IIFL Finance Gold Loan in Nagpur is subject to an applicant meeting the following criteria:
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A person’s age must be between 18 - 70 years
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Have a valid Identity and address proof
Documents Required For Gold Loan in Nagpur
You'll need to present specific documents to prove your identification and assure loan procedure transparency in order to get the best gold loan in Nagpur:
Accepted Identity Proof
- Aadhaar Card
- Valid Passport
- PAN Card
- Valid Driving Licence
- Voter ID Card
Accepted Address Proof
- Aadhaar Card
- Valid Passport
- Electricity Bill
- Bank statement
- Valid Driving Licence
- Voter ID Card
Why Choose IIFL Gold Loan in Nagpur
IIFL Finance offers one of the best Gold Loans in Nagpur. They are transparent in their operations and do not have hidden charges while offering maximum value for gold. Besides, the Gold Loan in Nagpur is customised to meet the specific requirements of a customer. The pledged gold is fully insured and stored in vaults. IIFL Finance offers flexible payment alternatives and EMI options over 36 months, thus making it easier for the borrower to repay.
Why is Gold Loan the Most Feasible Borrowing Mode in Nagpur?
Nagpur is a city that is strategically connected to the adjacent states. This connectivity opens up avenues for the aspiring class to realise their dreams.
A gold loan in Nagpur is one of the fastest and easiest ways to access quick capital. Here, you pledge your gold jewellery to secure a loan which is otherwise lying idle at home. Interestingly, there is no need to have a credit score to be eligible for 75% of the value of your gold. You can repay the loan over a period of up to 36 months. The capital so raised can be used for your personal or business needs.
Uses of Loan against Gold in Nagpur
A Gold Loan in Nagpur is a simple and easy way to pledge gold as collateral to receive cash. As there are no restrictions on how a gold loan is used, most often, a gold loan in Nagpur is used for any of the following purposes:
IIFL Finance
Gold Loan in Nagpur FAQs
Anybody who is a resident of Nagpur, has relevant documents, fulfils the criteria and can pledge his gold jewellery for capital can apply for a gold loan in Nagpur.
IIFL Finance may charge anywhere between 11.88% to 27% per annum for a gold loan in Nagpur. However, these rates may vary subject to the value of the loan amount and the repayment frequency.
The pledged gold and its market value in the physical gold market determine the amount of loan one is eligible for. The IIFL Finance website has a gold loan calculator to help you find the eligible loan amount.
An Indian citizen in the age-group of 18-70 years, working as an employee, is an entrepreneur, a trader, a farmer, or a self-employed professional with jewellery having a purity of 18-22 carats is eligible to avail a Gold Loan.
If the submitted documents are correct and you meet the eligibility requirements, the loan money will be deposited in the applicant’s account within 30 minutes of loan approval.
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