Gold Loan In Visakhapatnam
Looking for a gold loan in Visakhapatnam? Whether you need urgent funds for a medical emergency, business need, or wedding expense, pledging your gold is one of the fastest and easiest ways to access instant credit in Vizag. IIFL Finance offers quick and reliable gold loan services in Visakhapatnam with minimal documentation, competitive interest rates, and flexible repayment options.
With Vizag being one of the key gold-consuming cities in Andhra Pradesh, many residents prefer gold loans as a smart and secure financing option. IIFL Finance’s gold loan schemes in Visakhapatnam are tailored to suit varying financial needs—offering high loan-to-value (LTV) ratios, fast disbursal, and doorstep service. Whether you're in Gajuwaka, Dwaraka Nagar, or MVP Colony, you can walk into your nearest IIFL branch or apply online and get funds within minutes by pledging your gold.
Gold Loan In Visakhapatnam: Features and Benefits
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 gold loan approval
Documents Required
Simple process ensures that you get the loan amount
Estimate Your Gold Loan Eligibility (Rates Effective 26 Nov 2025)
*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.*
Disclaimer: The gold loan amount displayed is an estimate. Actual eligibility and loan value may vary based on the gold valuation process.
Gold Loan Eligibility & Documentation
Getting a Gold Loan from IIFL Finance is simple and hassle-free. Any Indian resident aged 18 years or above with gold jewellery can apply. The process requires only basic KYC documents such as Aadhaar and PAN, no income proof or credit score needed, ensuring quick approval and easy disbursal.
Gold Loan Process and Required Documents Explained
Gold Loan Eligibility: Who Can Apply
Explore the eligibility criteria to apply for a Gold Loan with IIFL Finance.
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You must be between 18 and 70 years of age at the time of loan disbursement.
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Applicants can be salaried, no salaried, self-employed, or non-salaried individuals.
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You must own the gold you are pledging.
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Only gold jewellery is eligible as collateral; gold coins and bars are not accepted for pledge.
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Gold purity must be between 18 and 22 karats.
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Valid KYC documents include the Aadhaar card and PAN card.
Documents Required for Gold Loan
A gold loan borrower must submit one of the following document as part of the Reserve Bank of India’s “Know Your Customer” (KYC) norms:
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Aadhaar Card
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Valid Passport
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PAN Card
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Valid Driving Licence
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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 :
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.
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.
Safety:
Pledged gold is not only kept securely in vaults, it is also insured for extra protection and peace of mind.
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 -
Personal Expenses -
Medical Expenses -
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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