Gold Loan In Surat

Surat, sometimes known as the Silk City, the Green City and the Diamond City is one of the fastest growing cities of India, attracting both skilled and unskilled workers from all over the state and the country. Any city with high growth rates is always in need of capital. It is here that the gold loan in Surat, offered by IIFL Finance, one of the most useful loan products , comes in handy for those in need of cash to meet some unavoidable and necessary expense. Since gold is an asset held by almost every household in Surat, because it is considered a relatively stable asset, it can be easily used as collateral to get a gold loan in Surat, with attractive gold loan interest rate, reasonable terms, and quick processing speeds.

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

Features and Benefits of Gold Loan In Surat

The gold loan in Surat of IIFL Finance is a product specially curated to meet the needs of enterprising business persons and salaried individuals who reside in the city. The several attractive features and superb benefits make it a loan of choice if you have gold jewellery of 18 carat or more to offer as collateral. Here are the most prominent of its features:

Quick Approval and Disbursal

It is the ideal way to provide for an urgent money requirement due to the easy application procedures and quick processing speed.

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 Paperwork

The documentation process is simple and easy to complete. All you need is proof of identity and address

How To Apply For A Gold Loan in Surat

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 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 Surat

IIFL Finance has designed the gold loan eligibility criteria in Surat in such a manner that any citizen of the city can easily apply for it and be confident of repaying the loan within the permissible time limit.

Here are the eligibility criteria for gold loan in Surat:

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

  2. LTV ratio is capped at maximum of 75% of the value of the gold will be given as loan.

  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 Surat

The documentation requirements have been kept to the absolute minimum and necessary making this product of IIFL the best gold loan in Surat. All you need to do is provide supporting documents proving your identity and your address. Choose from among the following documents which have these details:

Aadhaar Card

Valid Passport

PAN Card

Valid Driving Licence

Voter ID Card

Rent Agreement

Ration Card

Electricity Bill

Bank Statement

Why Choose IIFL Gold Loan in Surat

If you are in need of cash to meet an unplanned expenditure or emergency, there are several reasons to choose IIFL Finance from among the best gold loan providers in the city. Apart from easy eligibility criteria, affordable gold loan interest rates, numerous branches spread over the city,here are the most outstanding reasons:

  1. Highest Loan to Value Ratio:IIFL Finance provides a loan to value ratio of 75%, giving you a higher loan amount for the same amount of gold as compared to the majority of the banks and NBFCs in Surat.

  2. Safety and Security: You are assured of your valuables’ safety. IIFL Finance stores all the jewellery collected as collateral in highly secure vaults. It doubly protects your asset with insurance cover.

  3. Gold Loan Schemes: Specialised schemes as per the borrower to ensure you raise enough funds to meet all of your capital requirement needs.

  4. Transparency: The entire loan application and approval process is transparent and easy to understand. Be assured that there are no hidden costs and charges.

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

The gold loan in Surat offered by IIFL Finance is one of the most feasible credit options in the city for those who have gold to pledge as collateral. There is no requirement of a credit check or credit score. In addition, processing of the loan application is a quick time-bound process, making it an ideal option especially during an emergency.

Uses of Loan against Gold in Surat

The gold loan in Surat offered by IIFL Finance is one of the best credit options available due to freedom given to the borrower regarding usage. You can use the loan as per your need. IIFL Finance is confident that if you opt for a gold loan in Surat, you will use it responsibly. Here are the most common uses of the gold loan:

Medical Expenses:
You could use the loan to help you tide over any critical medical expense, from hospitalisation and surgery to home care, medicines and nursing.
Personal Expenses:
You could use the gold loan in Surat to help finance an expenditure that is more personal in nature. This could be for buying gadgets, musical instruments, vehicles or even for taking a much-needed holiday.
Business Expenses:
The gold loan in Surat could be invested into your business endeavour if you require as well. Whether starting a new venture or ploughing the loan into an existing venture, there are no end-use restrictions on the loan.

IIFL Finance


Gold Loan in Mumbai FAQs

The interest rate of the gold loan in Surat offered by IIFL Finance varies between 11.88% to 27%. The loan scheme that you opt for and factors such as loan tenure will also affect the final interest rate that is offered.


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You can apply gold loan once you become an adult and have the legal authority to sign an agreement on your own. In short, you need to be at least eighteen years of age.


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Calculation of the gold loan amount has been made simple by IIFL Finance through the gold loan calculator on our gold loan webpage. Simply enter the weight of gold in grams that you have to pledge, after subtracting the weight of precious stones that may be a part of it. The loan amount will be displayed on the calculator.

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In order to qualify as a loan applicant, you need to fulfil the eligibility criteria. In other words, you can apply if you are between 18 to 70 years, are an Indian citizen and have a regular source of income from which you can repay the loan.

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The gold valuables pledged by you act as your guarantor. No other guarantor is required.

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