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.
How To Apply For A Gold Loan in Pune
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 ensures that you get the loan amount
Gold Loan Calculator (Rates as on 27 July 2024)
*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.*
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.
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A person’s age must be between 18 - 70 years
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Have a valid Identity and address proof
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:
Accepted Identity Proof
- Aadhaar Card
- Valid Passport
- PAN Card
- Valid Driving Licence
- Voter ID Card
Accepted Address Proof
- Aadhaar Card
- Valid Passport
- Electricity Bill
- Bank statement
- Valid Driving Licence
- Voter ID Card
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:
IIFL Finance
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.
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.
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.
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.
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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