Rates and Charges

Find all the charges payable when availaing a Gold Loan from IIFL
  • Interest Rate

    0.79% p.m.
    (9.48% - 27% p.a.)

    Rates vary according to the amount and tenure & Purity

  • Processing Fee

    0 onwards

    Varies depending on scheme availed

  • MTM Charges

    500.00

    Valuing an asset to reflect its current market rate

FAQs

Any kind of gold jewellery/ornament of purity over 18 carat can be provided as security to avail a gold loan.

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Yes, a nominal processing fee has to be paid in availing a gold loan.

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The market value of your gold is calculated according to the per gram market rate of gold on the day of the loan application. If pledging gold ornaments or jewellery, only the parts that are gold are used to calculate the value; other metals, stones and gems are excluded from the calculations.

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Yes, you have the option of foreclosing your account where you can pay-back the loan amount before its tenor and release your gold from the branch.

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Depending on your loan amount, a nominal closure charge from Rs. 0-150 will be charged for closing the loan before 3 months. There are no closure charges after 3 months.

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