Gold Loan In Rajkot
Rajkot in Gujarat is called the ‘Growth Engine of Saurashtra’ owing to the thriving engineering and auto ancillary industries. It is also known for textiles and apparel and is a leading educational, economic and industrial hub of the south-west region. Also, the Rajkot Stock Exchange is linked to the Delhi, Mumbai and Kolkata stock exchanges.
As a prominent business centre, businessmen, entrepreneurs and even citizens need funds. In such times, a gold loan in Rajkot is a good option because of the features and benefits. A gold loan in Rajkot requires no credit score; follows a transparent process; is approved and disbursed quickly and imposes no restrictions on its use.
Features and Benefits of Gold Loan In Rajkot
A gold loan in Rajkot is among the most preferred financial instruments for customers seeking loans to meet their financial needs. IIFL Finance has one such customised gold loan for citizens in Rajkot that has the following features and benefit
How To Apply For A Gold Loan in Rajkot

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 and in-house gold valuation ensures that you get the loan amount in your account or in cash
Gold Loan Calculator (Rates as on 04 December 2023)
Eligibility Criteria to Apply For Gold Loans in Rajkot
Applicants seeking to apply for a loan in Rajkot must meet the gold loan eligibility criteria set by IIFL Finance. This helps the lending company assess the creditworthiness and the repayment ability of the applicant without having to take possession of the pledged gold.
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Anyone who receives a salary as well as self-employed professionals, business owners, traders, farmers, and others are all eligible.
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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.
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Age range should be between 18 to 70 years.
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Gold ornaments between 18 and 22 carats in purity should be in your collection.
Documents Required For Gold Loan in Rajkot
IIFL Finance has mandated that the applicant submit valid documents to avail one of the best loan on gold in Rajkot. The lending company ascertains the ID and address from these documents. Some of the documents as required by the lender are:
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 Rajkot
IIFL gold loan in Rajkot is among the best gold loans in Rajkot. The gold loan is a customised instrument with an interest rate that is among the lowest being offered on similar products. Some other features that make it an attractive option for borrowing are:
Highest Loan-to-Value: IIFL Finance offers the highest loan amount of up to 75% to the borrowers, subject to the value of the pledged gold in the physical market in Rajkot.
Flexible EMIs: The lending company offers the flexibility of repaying the loans through monthly EMIs or as a single payment.
Safety: IIFL Finance secures the pledged gold in steel vaults that are monitored 24*7 and also insures the gold for additional security.
Transparency: Another important factor that makes the gold loan among the best gold loans in Rajkot is the complete transparency that IIFL Finance maintains by disclosing the applicable charges and fees at the time of applying for the loan.
Why is Gold Loan the Most Feasible Borrowing Mode in Rajkot?
Rajkot is recognised as the ‘Growth Engine of Saurashtra’. It is the economic, educational and industrial hub of the south-west region of Gujarat. Rajkot Stock Exchange is linked to the stock exchanges in Mumbai, Kolkata and New Delhi.
With a flurry of activities, one often needs funds for various personal and business needs. Then, a gold loan in Rajkot becomes the most feasible borrowing mode owing to the various features and benefits. Without asking for a credit score, IIFL Finance offers up to 75% of the pledged loan, at among the lowest interest rates in a completely transparent way.
Uses of Loan against Gold in Rajkot
A gold loan in Rajkot is the best way to raise money by using gold jewellery to pledge as collateral with the bank. The amount of loan approved is subject to the value of the pledged gold. This loan amount has no restrictions on its use and can be used for any of the following purposes.
Gold Loan in Rajkot FAQs
IIFL Finance has put in place certain eligibility criteria that an applicant must fulfil before applying for a gold loan in Rajkot. To be eligible for a gold loan, the applicant is, an Indian national; is between 18-70 years of age; a salaried employee/entrepreneur/trader/farmer/self-employed professional and can pledge gold ornaments of 18-22 carat purity.
A loan in Rajkot is charged an gold loan interest rate ranging between 11.88%-27% p.a. Also, there are additional fees and charges on the gold loan.
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