Gold Loan In Siliguri

A gold loan is a loan given by IIFL Finance with gold deposited as collateral or security. For people of Bhubaneshwar, the temple city of India, the gold loan is an extremely useful product that can be depended on in emergencies. With the city attracting skilled and unskilled workers in droves as it expands rapidly in the sectors of education, IT, and tourism, there are several occasions when you might find yourself in need of some quick lumpsum cash to finance an urgent requirement.

While there are several banks and NBFCs offering gold loans, the Gold Loan in Bhubaneshwar offered by IIFL has several attractive features and benefits, making it advantageous as compared to those offered by other lenders.

Features and Benefits of Gold Loan In Siliguri

In the heart of Siliguri, gold loans have grown to be a highly sought-after financial lifeline. Siliguri residents have access to a tailored Gold Loan product from IIFL Finance. The major components of our Siliguri Gold Loan are as follows:

Quick Approval and Disbursement:

Once your application is completed, there’s hardly any waiting time involved.

Gold pledged is safe and secured:

Your pledged gold is insured and kept in a highly secure vault and once the entire amount has been repaid, it will be returned to you.

Minimal Paperwork:

Benefit from an easy application process that involves little paperwork and enables you to get your Gold Loan in just a few minutes.

How To Apply For A Gold Loan in Siliguri

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 and in-house gold valuation ensures that you get the loan amount in your account or in cash

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 30 days average gold rate of 22 carat gold | Purity of the gold is assumed at 22 carat.

*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 Siliguri

The IIFL Finance company in Siliguri stands out as a source of gold loans thanks to its straightforward eligibility standards. You don't need to have a high fixed income or a flawless credit score to be eligible for one of our loans. However, for gold loan eligibility criteria in Siliguri, you must fulfil the following requirements.:

  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 to 70.

  4. Gold purity should be between 18 to 22 carats .

Documents Required For Gold Loan in Siliguri

The following documents must be presented in order to obtain a gold loan in Siliguri from IIFL Finance and to ensure the transparency of the loan application process:

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 Siliguri

IIFL Finance Gold Loan is a sensible and practical approach to get a loan against gold. It includes features like being tailored to the customer's individual needs, having no hidden fees, not requiring a credit score, and the pledged gold being completely insured and stored in vaults. Options for 36-month repayment terms are offered all the while, providing the best value in exchange for gold pledged.


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

You could require money as a Siliguri resident for a variety of personal expenses, like as weddings, education, or getting a car. There's a good chance that you have gold jewellery in a bank locker that is dormant. The most practical borrowing option may be a gold loan in Siliguri, as these loans use actual gold as security and offer considerable loan amounts to gold owners. Furthermore, there is no demand for a credit score because the Siliguri gold loan is secured by gold collateral.

Uses of Loan against Gold in Siliguri

In Siliguri, getting a loan against gold is a practical approach to get access to fast money with no usage limitations. The following are some typical uses for which people in Siliguri frequently use gold loans:

Business Expenses -
A gold loan in Siliguri can be a flexible financial tool for meeting personal financial needs, whether they involve paying for a wedding, education costs, or a vacation plan for that matter.
Personal Expenses -
A gold loan can serve as a financial lifeline in the event of an unanticipated medical emergency, assisting you in effectively managing hospital bills, medicine expenses, and other healthcare charges.
Medical Expenses -
The loan against gold can be used for meeting medical and hospitalisation expenses, when insurance is not available or not enough. Whether medicines, surgery, pathological tests or travel expenses associated with treatment, the gold loan can be used as per your personal discretion.

Gold Loan in Siliguri FAQs

A gold loan can be requested by anyone in Siliguri who needs money and has gold lying in their home.

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A gold loan from IIFL Finance may have an annual interest rate that varies from 11.88% to 27%. Remember that these rates can vary depending on the size of the loan and the frequency of installments.

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The gold loan is calculated based on the gold that has been pledged and its market value on the local physical gold market. Use the gold loan calculator on the IIFL Finance website to determine how much of a loan you are eligible for based on the weight of the gold.

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You must be an Indian national between the ages of 18 and 70. You could work as a salaried employee, an independent contractor, a trader, a farmer, or any other professional expert. Plus, the gold ornaments that you pledge should be 18 to 22 carats pure.

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If all the documentation is accurate and you meet the eligibility standards, the loan money can be put into your account within 30 minutes of the loan being accepted.

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