Gold Loan In Solapur

Solapur is well known for its interesting mix of the natural and the man-made. It is home to the Great Indian Bustard Sanctuary on the one hand and Asia’s largest spinning mill on the other! For the enterprising residents of this city, IIFL Finance offers a loan product that is easily accessible to all – the gold loan in Solapur. With its affordable interest rates, home-service facility and efficient processing, the gold loan in Solapur is the product of choice for anyone who needs to raise cash for any purpose. With gold jewellery offered as collateral, this loan offers one of the lowest interest rates as compared to other loan products.

Features and Benefits of Gold Loan In Solapur

Whether you are thinking of reviving an old cotton mill or upgrading an existing one, or have a sudden emergency thrust upon you, the gold loan in Solapur offered by IIFL Finance offers several advantages over other loan products or the gold loans in Solapur offered by other banking and financial institutions. Here are just a few of them.

Quick Approval and Disbursement

This feature makes it extremely appealing, especially if the requirement is really urgent and if you do not have time to wait on lengthy, bureaucratic-like procedures.

No End user Restrictions

There are few others that will offer you a loan which can be used for any purpose whatsoever – so long as it is legal and lawful.

Minimum Documentation

The simple documentation process makes the loan almost a cake-walk. Two documents, two passport-size photographs and you are done with document submission.

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 Solapur

IIFL Finance has set the eligibility criteria for gold loan in Solapur keeping the interests of its customers as the basic prerequisite. Mindful of its duty to its clients, criteria are so set that you can apply for the loan with ease, and repay it back with equal ease. To be eligible for the gold loan.

  1. The individual is a salaried employee/entrepreneur/self-employed/trader/farmer

  2. The loan-to-value ratio is capped at 75%, meaning a maximum of 75% of the value of the gold will be given as loan.

  3. The individual is between 18-70 years of age

  4. The individual has gold jewellery with a purity of 18-22 carats

Documents Required For Gold Loan in Solapur

The gold loan documentation requirements have been kept to the minimum and the essential. If you are looking for the best gold loan in Solapur from IIFL Finance, all you have to provide are documents to establish your identity and address and two standard passport-size photographs. You can choose from the undermentioned list for submission:

Aadhaar Card

Valid Passport

PAN Card

Valid Driving Licence

Voter ID Card

Ration Card

Electricity Bill

Bank Statement

Why Choose IIFL Gold Loan in Solapur

Over and above the simple eligibility criteria, minimal documentation and outstanding features and benefits, here are some additional, hard-to-resist reasons for choosing the best gold loan in Solapur that IIFL provides for the city’s residents:

Highest Loan-to-Value: At 75%, the LTV set by IIFL Finance ensures that you get a high loan amount for the gold deposited as collateral

Flexible EMIs: The several repayment options to choose from give customers freedom and flexibility. Repayment options include bullet repayment, monthly EMIs, quarterly instalments and more.

Gold Safety: Assured safety is provided to your gold deposited in IIFL Finance as a collateral to the gold loan in Solapur through storage in high security vaults.

Transparency: Transparent, well-explained terms and conditions ensure that customers do not face any tension or set-backs from hidden charges and costs.

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

Whether bitten by an entrepreneurial bug, ready to set up a stall at the Gadda Yatra, or taking responsibility during a family emergency, you will find that the gold loan in Solapur is the most feasible borrowing option for you. By simply pledging gold ornaments in your possession till you recover the money or recover from the crises, you can get the loan amount you need with low gold loan interest rate.

Uses of Loan against Gold in Solapur

The no-end-use-restriction feature of the gold loan in Solapur offered by IIFL Finance, makes it a powerful tool in the hands of the borrower. The only underlying criteria to the infinite number of uses you could put it to is that the purpose be useful and responsible. People use it mainly for the following:

Business Expenses -
Be it salary expenditure during a business crisis or expanding to a new city, the gold loan in Solapur can be leveraged for all your business needs.
Personal Expenses -
From renovating your kitchen to celebrating a marriage, the gold loan is the product of choice.
Medical Expenses -
The gold loan comes in handy especially for those who prefer to do away with the ever-increasing price of medical insurance. You can use the loan for pre, post and in-hospitalisation expenses

Gold Loan in Solapur FAQs

You are qualified to avail the IIFL Finance gold loan in Solapur if you have the gold to offer as collateral and are a salaried or self-employed Indian citizen between 18 to 70 years of age.

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The major benefit is that you can use the gold loan for any purpose so long as it is legal. Interest rates are low and you can avail the loan with minimal paper work, without having to worry about your credit score.

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If you want a gold loan in Solapur from IIFL Finance, you need to have gold ornaments with purity levels of 18 carat to 22 carat.

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IIFL Finance offers one of the lowest gold loan interest rates in Solapur. These change from time to time in line with the RBI declared repo rates. They also take into account loan amount, tenure and repayment option chosen.

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If you want to apply for a gold loan in Solapur, you need to have documents to prove your eligibility and address. You can submit any one or two documents as necessary from the following list - Aadhar Card, Valid Passport, PAN Card, Two passport size photographs, Valid Driver’s License, Voter’s Id Card , Job card issued by NREGA, Ration Card and Electricity Bill.

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