Gold Loan In Rajasthan

Gold is one of the most sought-after metals the world over.  A standard medium of exchange in the commercial activity of ancient civilisations, it was used as a reserve currency internationally, up to the 20th century. No wonder then, that gold is a popular and acceptable collateral against loans. There are several banks and NBFCs offering loans in Rajasthan with gold as a collateral.

If you are in need of a jewellery loan in Rajasthan, you could consider a gold loan offered by IIFL Finance. The processing formalities are simple and the processing time is quick. You can also apply online, making it a convenient option for those in urgent need of ready cash.

If you are looking for an easier and hassle-free process to raise funds, apply for an IIFL Gold loan in Rajasthan!

Features and Benefits of Gold Loan In Rajasthan

There are several attractive features and benefits to the loan against gold in Rajasthan. IIFL Finance has a specially-designed gold loan in Rajasthan as a financial product to cater to the capital needs of the people of Mumbai.

Quick Approval and Disbursal

Receive a gold loan with quick disbursal after submitting application form, through our 3 easy steps to avail gold loan at IIFL Finance

Gold Pledge is Secured and Insured

The pledged gold is secured, safely kept in highly secured vaults and after repaying the entire loan will return the gold articles pledged

Minimum Documentation

Require minimal paperwork and documentation as the process is straightforward to ensure you can apply for the gold loan in a matter of minutes.

How To Apply For A Gold Loan in Rajasthan

01
Find Your Nearest Branch - IIFL Finance
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Walk into any IIFL Gold Loan branch with your gold.

Find Nearest Branch
02
Documents Required Icon - IIFL Finance
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Provide your ID proof, address proof and gold to get an instant approval

Documents Required
03
Simple Process Calculator - IIFL Finance

Simple process ensures that you get the loan amount

Gold Loan Calculator (Rates as on 22 May 2024)

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 Rajasthan

The gold loan, often called jewellery loan in Rajasthan can be availed if you meet gold loan eligibility criteria:

  1. You must be a salaried employee/businessman/businesswoman/trader/farmer or self-employed professional.

  2. You should be an Indian nationality.

  3. You should be between the age of 18-70 years.

  4. You should have gold ornaments purity 18-22 carats.

Documents Required For Gold Loan in Rajasthan

The documentation process required for an instant jewellery loan in Rajasthan is simple and easy to execute. You only need to submit documents to prove your identity and the fact that you meet the eligibility criteria. The following documents are mandatorily required:

Aadhaar and PAN Card

Valid Passport

2 passport-size photographs

Valid Driving Licence

Voter ID Card

Job Card Issued By NREGA

Ration Card

Electricity Bill

Salary/Income Proof

Certificate by Jewel Appraiser (Bank will Arrange)

Gold Loan At Home in Rajasthan

Gold Loan at Home is a very convenient process wherein you can carry out the entire gold loan process within the convenience of your home.

Here's how the Gold Loan at Home service generally works:

Why Choose IIFL Gold Loan in Rajasthan

IIFL Finance is one of the leading gold loan provider in Rajasthan. The loan against gold in Rajasthan offered by IIFL Finance is the right choice for you if you are looking for a loan with simple eligibility requirements and competitive terms and conditions to meet a cash crunch. You should choose to take a gold loan in Rajasthan from IIFL Finance because of the following reasons:

  1. The loan amount is offered at the highest possible value of the pledged gold by the customer.

  2. The pledged gold is kept highly safe in secure lockers with IIFL Finance and is backed by an insurance policy.

  3. Customised gold loan schemes as per the customer to ensure raise funds to meet all of your capital requirement needs at best interest rates.

  4. Flexible EMIs and repayment options to ensure the loan does not create a financial burden on the borrower.

Uses of Loan against Gold in Rajasthan

You can use the loan against gold raised in Rajasthan for any purpose. There are no conditions attached. You can use it for all or any of the following purposes:

  1. For medical related expense

  2. For financing marriage or holiday expenditure

  3. To finance a new business venture

  4. To scale-up an existing business venture

  5. To pay an outstanding credit card bill

  6. To renovate your home

  7. To make a down payment on a home-loan

  8. To top-up a home loan

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

If you need a quick loan in Rajasthan,  a gold loan offered by IIF may be one of the most feasible means to raise the loan for several reasons. The Loan to Value ratio is one of the highest at 75% of the value of gold. As with all gold loans the value of gold refers to the value of the gold corresponding to the weight of the gold and does not take into consideration the making charge on jewellery. Secondly, being a secured loan, the interest rates on the gold loan in Rajasthan are much lesser in comparison to unsecured loans, like personal loans. In addition, the gold you deposit is kept in highly secure vaults, with round-the-clock security. Further, the gold deposited is backed by insurance in case of any extreme and unforeseen accident. Since many individuals in Rajasthan do not have a credit score, the gold loan is all the more feasible for the majority. In addition, the lack of a ceiling limit to the loan you can raise, and the easy and flexible terms of repayment make the loan against gold one of the most feasible modes of raising credit in Rajasthan.

IIFL Finance

 
 
 
 

Gold Loan in Rajasthan FAQs

Gold loan is calculated on the basis of pledged gold and current market value. Use our gold loan calculator on IIFL Finance’s website to see how much loan you get against weight of the gold.

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Any Indian citizen between the age of 18 and 70 can apply for gold loan in Rajasthan, so long as he or she is salaried or self-employed.

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Since the gold is kept by the lender till the loan is repaid, you can not use the gold jewellery pledged against a loan in Rajasthan. However, you can redeem part of your jewellery by making a part repayment of the loan amount at any time during the duration of the loan term. You can also repay the entire loan at an earlier date and collect all the jewellery deposited as collateral.

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The gold loan interest in Rajasthan starts with 0.99% onwards per month and rate varies as per loan amount and gold loan scheme availed.

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If you are unable to repay your gold loan in time, you can negotiate to extend the loan tenure beyond the standard of 24 months. You will receive notice to respond and recover your gold.

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The gold loan in Rajasthan is an instant online loan. Once you fill in the application form fully and upload the necessary supporting documents, the time can be as short as one or two working-days for the sanctioning and disbursement of your loan.

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You can go through our website for any queries on low-interest gold loans. Alternatively, you can get in touch with our customer service staff by calling on 7039-050-000 for any type of queries on gold loan finance.

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