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 :

Quick Approval and Disbursal

Instant approval and swift loan disbursal make gold loan of IIFL Finance in Visakhapatnam the most popular choice for loan seekers.

No end use Restriction

While some loans can only be used for specific needs, the IIFL Finance Gold loan can be used in a flexible manner to cover expenses for Weddings, education, medical bills, business requirements, to name a few.

Minimal Paper Work

Faster processing of loan as there is minimal documentation with no requirement of income proof or credit score.

How To Apply For A Gold Loan in Visakhapatnam

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 25 June 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 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 :

  1. A person’s age must be between 18 - 70 years

  2. Have a valid Identity and address proof

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:

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 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 :

Business Expenses -
A sudden medical emergency when you are cash-strapped. You could also use it for pre or post hospitalisation charges.
Personal Expenses -
Higher education, Home repairs, marriage expenses or a holiday with your loved ones. There are an endless number of uses you could use the gold loan for.
Medical Expenses -
If you wish to start a small business enterprise, be it a gym, grocery store or a cafe and require liquid cash to fund your Business.

IIFL Finance


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.

The minimum age to apply for a gold loan is 18 years.

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 .

You can apply for a gold loan in Visakhapatnam if you:

1.Are an Indian National between the age of 18-70 years.

2.your gold ornaments to be pledged have purity of 18-22 carats.

3.Are a self-employed professional/entrepreneur/salaried employee/trader/farmer.

To apply for the IIFL Finance Gold Loan no guarantor is required.

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