Gold Loan In Nashik
Nashik is known as the grape-growing region of Maharashtra and exports grapes to Europe, the Middle East and parts of Asia.
Owing to the Igatpuri-Nashik-Sinnar investment region, Nashik is an important town on the Delhi-Mumbai Industrial Corridor Project. It is Maharashtra’s third industrial hub after Mumbai and Pune and a major industrial hub for automobile, engineering and electrical majors.
Nashik employs several people in and around the town, thus enabling people to live a better life. A gold loan in Nashik from IIFL Finance is an instrument for financing one’s personal or business needs. The lending company has put in place a simple process when applying for a gold loan and so, one does not require seeking help from a loan agent.
Features and Benefits of Gold Loan In Nashik
Gold loan in Nashik is a popular financial product for people looking to raise cash to meet their planned purchases or meet unplanned expenses. Some of the reasons that make a gold loan in Nashik, a preferred instrument to raise cash are:
How To Apply For A Gold Loan in Nashik
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
*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 Nashik
IIFL Finance has designed the gold loan in Nashik to ensure that the borrowers repay it in full. The lending company has specified the following gold loan eligibility criteria for customers when applying for a gold loan in Nashik:
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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 Nashik
The loan on gold from IIFL Finance is among the best gold loans in Nashik for its ease of application. The lending company requires the following documents to process a loan:
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 Nashik
IIFL Finance gold loan is one of the best gold loans in Nashik for the following reasons:
Highest Loan-to-Value: At IIFL Finance, one gets the highest amount of loan, viz, 75% of the value of the gold ornaments pledged.
Flexible EMIs: The lending company offers flexible ways to repay one of the best gold loans in Nashik. One is by opting for monthly EMIs and the other is by making a single payment.
Safety:The pledged gold with IIFL Finance is secured in steel vaults with 24*7 monitoring and is also backed by an insurance policy as an additional measure.
Transparency:IIFL Finance discloses the interest rate charged on the gold loan along with other fees and charges on its website. Thus, there are no hidden charges.
Why is Gold Loan the Most Feasible Borrowing Mode in Nashik?
Nashik’s economy is majorly an industrial economy, even as it is a well-known exporter of grapes.
A prominent node on the Delhi-Mumbai Industrial Corridor, Nashik offers several employment opportunities to its people. With increased disposable incomes, people can now look to improve their lives with a gold loan in Nashik. The lending company requires minimal documents, no credit score and disburses the loan within 30 minutes of approving the same.
It offers the highest LTV of 75%; the loan is easily payable with flexible EMIs and comes with an insurance cover for additional security.
Uses of Loan against Gold in Nashik
A gold loan in Nashik is a convenient means to raise funds for planned and likely emergency expenses. The lending company also does not restrict the use of the loan amount. Customers can use a gold loan in Nashik in any of the following ways:
IIFL Finance
Gold Loan in Nashik FAQs
Anybody who is a resident of Nashik; has relevant documents; fulfills the criteria of being an Indian national; is a salaried employee/entrepreneur/businessperson/farmer/trader and can pledge his gold jewellery for capital can apply for a gold loan in Nashik.
When applying for a gold loan in Nashik, the applicant can only pledge gold ornaments with IIFL Finance.
The gold loan in Nashik is charged an interest rate between 11.88%-27% p.a. Apart from this, the lending company charges additional fees and charges and the same is disclosed on the IIFL Finance website.
An applicant seeking a gold loan enjoys the following benefits from IIFL Finance gold loan in Nashik.
- A gold loan application requires minimal paperwork
- The loan is approved and disbursed quickly owing to the simple and transparent application process
- The use of the gold loan amount is not subject to any restrictions and can be used to meet personal or business requirements.
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