Gold Loan In Patna

Patna, a vibrant city pulsating with life and opportunities. The city's strategic location and growing infrastructure have attracted numerous investments and businesses, contributing to its economic development. From the expansion of retail outlets to the emergence of tech startups, Patna's entrepreneurial spirit is on the rise. In this bustling city, financial flexibility is the key to realizing your personal ambitions. When resources run thin, look no further than Gold Loans in Patna, the ideal solution.

A Gold Loan is your ticket to securing substantial funds without compromising on your aspirations. Your treasured gold assets can now be the gateway to accessing the finest Gold Loans in Patna, without any restrictions on their use.

For a seamless and convenient journey towards your financial goals, there's no need to search beyond applying for an IIFL jewellery loan. Embrace a future filled with financial ease!

Features and Benefits of Gold Loan In Patna

Gold Loans have become a highly sought-after financial lifeline in the centre of Patna. The citizens of Patna can take advantage of a customised Gold Loan product from IIFL Finance. The following are the main points of our Patna Gold Loan:

Swift Approval and Disbursement:

Access your Gold Loan without having to wait around for a long time after submitting your application.

Security and Insurance for Pledged Gold:

Upon loan repayment, your priceless possessions are returned to you unharmed and are kept safe in guarded vaults.

Minimal Paperwork:

Take advantage of a simple application process that requires little paperwork, allowing you to acquire your Gold Loan in a matter of minutes.

How To Apply For A Gold Loan in Patna

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 ensures that you get the loan amount

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 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.*

0% Processing Fee

For All Gold Loans securities* Apply Before May 1st 2019

Eligibility Criteria to Apply For Gold Loans in Patna

With its simple qualifying requirements, Patna's IIFL Finance distinguishes out as a Gold Loan provider. To access our loans, you don't need to have a high fixed income or a perfect credit score. However, the following gold loan eligibility criteria must be met in order to qualify in Patna:

  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 and 70.

  4. Gold ornaments between 18 and 22 carats in purity should be in your collection.

Documents Required For Gold Loan in Patna

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 Patna:

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 Patna

The IIFL Finance Gold Loan offers a rational and pragmatic method to secure a loan using your gold assets if you are a resident of Patna. It boasts customer-centric features, transparency with no concealed charges, absence of credit score requirements, and comprehensive insurance and secure vault storage for the pledged gold. Moreover, flexible repayment terms of up to 36 months are available, ensuring optimal value for the gold used as collateral.

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

As a resident of Patna, you may find yourself in need of funds for various personal expenditures, ranging from weddings and education to acquiring a vehicle. Chances are, you might possess dormant gold jewelry stored in a bank locker. Opting for a gold loan in Patna can be the most feasible borrowing solution as this loan product utilizes physical gold as collateral, providing substantial loan amounts to gold owners. Moreover, since the gold loan in Patna is secured by gold collateral, there is no requirement for a credit score.

Uses of Loan against Gold in Patna

Taking out a loan against gold in Patna offers a convenient way to access quick cash without restrictions on its usage. Here are some common purposes for which individuals in Patna often utilize gold loans:

Business Expenses -
If you're an entrepreneur, a gold loan can be instrumental in funding various business operations, including equipment purchases, rent payments, or expanding your workforce.
Personal Expenses -
Whether it's financing a wedding, supporting education expenses, or planning a vacation, a gold loan in Patna can serve as a versatile financial resource for covering personal financial needs.
Medical Expenses -
In case of unexpected medical emergencies, a gold loan can act as a financial lifeline, helping you manage hospital bills, medication costs, and other healthcare expenses efficiently.

IIFL Finance


Gold Loan in Patna FAQs

Anyone in Patna who needs money and has gold sitting around their home can apply for a gold loan.

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Based on the gold that has been pledged and its market value on the local physical gold market, the gold loan is determined. To find out how much of a loan you qualify for based on the weight of the gold, use the gold loan calculator on the IIFL Finance website.

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The rate of interest on a gold loan from IIFL Finance may range from 11.88% to 27% annually. Keep in mind that these rates can change based on the loan amount and the frequency of payments.

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You must be an Indian citizen between the ages of 18 and 70. You could work as a salaried employee, an entrepreneur, a trader, a farmer, or a professional working for yourself. Additionally, your gold ornaments should be 18 to 22 carats pure.

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The loan money can be deposited to your account within 30 minutes of the loan being approved if all the paperwork is accurate and you match the eligibility requirements.

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