Gold Loan In Visakhapatnam
Visakhapatnam, also known as Vizag is one of the largest cities in Andhra Pradesh. South India has always been known as a large consumer of Gold where Gold is a status symbol. Mostly viewed as a traditional form of investment, there is huge demand for gold during each wedding season, Diwali and Akashya Tritiya.
With attractive, affordable and lowest gold interest rates the IIFL Finance Visakhapatnam Gold Loan is designed to help you tide through any financial crisis. You can opt for the gold loan in Visakhapatnam with its customised schemes and convenient repayment options against your pledged gold, whenever you are faced with a cash crunch in Vizag, at any time, due to the several gold loan schemes provided by financial institutions such as IIFL.
Features and Benefits of Gold Loan In Visakhapatnam
Gold loans have gained immense popularity over the last decade due to its versatility and outreach. You do not need a credit score making it a loan of choice during emergencies. Here are some of its noteworthy features of the gold loan in Visakhapatnam :
How To Apply For A Gold Loan in Visakhapatnam

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 and in-house gold valuation ensures that you get the loan amount in your account or in cash
Gold Loan Calculator (Rates as on 04 December 2023)
Eligibility Criteria to Apply For Gold Loans in Visakhapatnam
Designed with your best interest in mind, to be eligible for applying for the IIFL Gold Loan in Visakhapatnam you have to have to meet certain gold loan eligibility criteria as listed below :
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Anyone who receives a salary as well as self-employed professionals, business owners, traders, farmers, and others are all eligible.
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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.
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Age range should be between 18 to 70 years.
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Gold purity should be between 18 to 22 carats .
Documents Required For Gold Loan in Visakhapatnam
The Visakhapatnam Gold loan from IIFL Finance requires minimum documentation rendering it the most sought after and best Gold Loan in Visakhapatnam. Two passport size photographs along with any of the following identity/address proof may be provided while applying for the IIFL Finance Gold Loan:
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 Visakhapatnam
Having catered to more than 60 lakh satisfied customers and with an experience of over 25 years, the IIFL Finance Visakhapatnam Gold Loan has earned itself a reputation as one of the best gold loans in Visakhapatnam. A couple of its prominent features of the gold loan in Vizag are summarised below :
1.High Loan to Value Ratio:IIFL offers a high loan value against the gold deposited as collateral, compared to other lenders. With an LTV of 75% offered, you can get a higher loan against the gold deposited.
2.Flexible EMIs:The IIFL Finance Visakhapatnam Gold Loan allows the borrower to opt for a Flexible EMI repayment structure. This is best suited for borrowers who do not have a regular income.3.Safety: Pledged gold is not only kept securely in vaults, it is also insured for extra protection and peace of mind.
4. Transparency:Quick disbursal and transparency in the process is what renders IIFL Gold Loan the most sought after Gold loan. The process is customer-centric and convenient.Why is Gold Loan the Most Feasible Borrowing Mode in Visakhapatnam?
One of the oldest port cities, Visakhapatnam has gained prominence as an educational hub. It is also home to a wide range of industries . Whether it be higher education, business venture or for spending quality time by way of a holiday with your loved ones, the Visakhapatnam Gold loan is best suited to help you tide through a financial crisis making funds available by pledging your gold.
Uses of Loan against Gold in Visakhapatnam
While maximising the value of your Gold together with quick disbursal of loan and minimal documentation some the main ways in which you can utilise the IIFL Finance Visakhapatnam Gold loan are as follows :
Gold Loan in Visakhapatnam FAQs
The rate of interest of Visakhapatnam Gold Loan varies on the Scheme availed by you. Once you contact IIFL Finance, you can ask the Loan Officer assigned for the rate you are eligible to avail based on the loan scheme you opt for.
There is an online gold loan calculator available on the website. The market value of your Gold is calculated by taking 30 days average gold rate of 22 carat gold. If your gold is of lesser purity, the rate will therefore be lesser .
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