Gold Loan In Tripura

Tripura, in the North East, is the second largest producer of natural rubber. It has good climatic conditions that are conducive to cultivating various crops, making it an agricultural economy. It abounds in natural resources too, and is also a tourism destination.

Given the diverse economic activities in Tripura, IIFL Finance has one such offering for its citizens looking for a loan. The lending company offers a gold loan in Tripura without any credit score, offers the highest LTV, imposes no restrictions on its use and allows flexibility in repaying the loan amount too. Thus, a gold loan in Tripura is one of the best offerings from IIFL Finance.

Features and Benefits of Gold Loan In Tripura

IIFL Finance offers a gold loan in Tripura with some interesting features and benefits. It is owing to the following features that the gold loan offering from the lending company is so popular. Some of the features and benefits are:

Quick Approval and Disbursement

The time involved in approving and disbursing a gold loan from IIFL Finance is also minimal.

No End-Use Restrictions

After an applicant receives the loan amount, they can use the amount to pay for personal, medical or business expenses.

Minimum Documentation

The lending company requires the applicant to perform minimal paperwork when applying for a gold loan in Tripura. This ensures transparency and speedy processing of the gold loan.

How To Apply For A Gold Loan in Tripura

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 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 Tripura

IIFL Finance offers a gold loan in Tripura based on some eligibility criteria the applicants must fulfill. These criteria help the lending company gauge the applicants’ creditworthiness and repayment capacity. The eligibility criteria for a gold loan in Tripura are:

  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 Tripura

When applying for one of the best gold loans in Tripura, an applicant must submit the following gold loan documents:

Aadhaar Card

Valid Passport

PAN Card

Valid Driving Licence

Voter ID Card

Ration Card

Electricity Bill

Bank Statement

Why Choose IIFL Gold Loan in Tripura

IIFL Finance offers one of the best gold loans in Tripura. Some factors that make it the best gold loan offering in the northeastern district are:

Highest Loan-to-Value: At an LTV of 75%, the loan amount by IIFL Finance is among the highest. It is determined by the current market value of the pledged gold in the market.

Flexible EMIs: The repayment feature of an IIFL Finance gold loan is flexible. The lending company allows customers to repay the loan as one single payment or in flexible monthly EMIs.

Gold Safety: Keeping in mind the safety concerns of the pledged gold, the lending company secures the same in steel vaults that are monitored 24*7. IIFL Finance also offers an insurance cover for the pledged gold.

Transparency: The lending company maintains transparency throughout the application process by disclosing the interest rate, the charges, fees and all the relevant information regarding one of the best gold loans in Tripura.

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

Tripura is a district that has a population engaged in a wide variety of occupations. It is rich in natural resources, with natural gas deposits considered as a chief contributor to growth.

To improve their quality of life in Tripura or to finance their needs, citizens approach banks for loans. IIFL Finance offers a gold loan in Tripura, which owing to the simple application process and the requirement of minimal paperwork, is the most feasible borrowing mode in Tripura. The LTV is the highest and the loan amount can be used to finance personal, medical and business needs.

Uses of Loan against Gold in Tripura

When IIFL Finance disburses a loan against gold to its customers as a gold loan in Tripura, the applicant can use the same for any of the following purposes:

Business Expenses -
An entrepreneur or a self-employed professional can finance the purchase of assets, pay rent/salaries and meet operating expenses.
Personal Expenses -
A person receiving a gold loan in Tripura can use the amount to fund higher education, weddings, the purchase of assets and consumer durables.
Medical Expenses -
Payments for hospital bills, surgeries and other medical expenses can be made with the loan amount.

Gold Loan in Tripura FAQs

IIFL Finance has four basic criteria to determine the eligibility of an applicant. As per the criteria, an applicant must be an Indian national in the age-group of 18-70 years; should be either an employee/farmer/trader/entrepreneur/self-employed professional and the applicant should be willing to pledge his gold having a purity of 18-22 carats.

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An applicant applying for a gold loan is required to do only minimal paperwork, the approval and the disbursal process takes 30 minutes, with transparency being maintained throughout the process. Also, there are no restrictions on the use of the loan amount and the repayment terms are flexible too.

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IIFL Finance accepts gold jewellery only as collateral from an applicant. The jewellery should have a purity of 18-22 carats.

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A gold loan in Tripura is charged an interest rate of 11.88%-27% p.a. The lending company also levies additional fees and charges, which are disclosed on its website.

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