Gold Loan
Looking for a one-stop solution for all your business or personal financing requirements? Look no further than fulfilling your needs through IIFL Finance Gold Loan by pledging your gold jewelry with us. With our gold financing, you get industry-best benefits through our swift process designed to offer instant funds based on the value of your gold so that our customers do not have to go through a tedious and time-consuming application procedure.
Our Gold Loan offers appealing, affordable and low interest rates with quick disbursal and is customized based on the requirements of our customers to cater their capital needs.
Gold Loan Fee and Charges
With transparent fee structure and zero hidden charges, IIFL Finance Gold Loan is one of the most affordable and go-to options for our customers to fulfill their capital requirement needs. Following are the fee and charges listed:
- Interest Rate
0.99% onward p.m.
(11.88% - 27% p.a.)Rates vary according to the loan amount and repayment frequency
- Processing Fee
₹0 onwards
Varies depending on scheme availed
- MTM Charges
₹500.00
Valuing an asset to reflect its current market rate
- Auction Charges
₹1500.00
- Overdue Notice Charge
₹200.00 (Per Notice)
How To Apply For Gold Loan
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 ensures that you get the loan amount
Gold Loan Calculator
*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.*
Why Avail a Gold Loan or Jewellery Loan
from IIFL Finance?
IIFL Finance is a leading finance and investment service provider that provides a wide range of customised financial products and services. IIFL Finance is one of the most preferred Gold Loan Financing Company in India. We have presence with more than 2,600+ branches in PAN India. Customer can submit online gold loan application form or directly visit to our nearest gold loan branch in your vicinity. Even IIFL Finance has gold loan at home service operational in few cities for now and our digital channels makes the whole process quick and simple customer-oriented.
As IIFL Finance’s seedhi baat, or straight talk, approach ensures total transparency regarding the gold loan interest rate, processing charges and other terms and conditions on gold loan agreement. Moreover, the pledged gold jewellery is kept in secure vaults safely and is insured. So whenever you search for gold loan near me, we want you should think about us. We provide the best gold loan service in India that fulfill and helps our customer to acquire their financial need without any hassle.
IIFL offers a host of gold loan schemes with the following features:
- Receive a loan against gold jewellery with fast disbursal, without having to wait for an extended period after submitting your application.
- Get the maximum possible value for your gold jewellery and ornaments to secure the highest possible loan amount.
- Enjoy utmost peace of mind for your gold pledge as it is kept safe in specialised rooms and backed by credible insurance.
- No hidden costs with utmost transparency in fees which are communicated in detail at the time of application.
- Customised gold loan schemes as per the borrower to ensure you raise enough funds to meet all of your capital requirement needs.
Gold Loan Eligibility Criteria
The eligibility criteria to get a gold loan at IIFL Finance includes:
-
A person’s age must be between 18 - 70 years
-
Have a valid Identity and address proof
Documents Required for Availing 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:
Identity Proof
- Aadhaar Card
- Valid Passport
- PAN Card
- Valid Driving Licence
- Voter ID Card
Address Proof
- Aadhaar Card
- Valid Passport
- Electricity Bill
- Bank statement
- Valid Driving Licence
- Voter ID Card
Gold Loan FAQs
A Gold Loan, also known as Jewel Loan, wherein you as a borrower pledges gold to a lender as collateral which can be in the form of gold ornaments within the range of 18 carats to 22 carats. The lender keeps the pledged gold and provides funds based on the value of gold, typically up to 75% of the carat value and the current market value of domestic physical gold.
The gold loan is calculated based on the quality of the pledged gold and its market value in the domestic physical market. You can also use the gold loan calculator on IIFL Finance’s website to see how much loan you get against weight of the gold. You just have to enter the weight of the gold and the calculator will return the maximum amount you can borrow on it. The market value of the gold is calculated by taking 30 days average gold rate of 22 karat gold.
Yes, you can only pay the gold loan interest amount and pay the principal amount later at the end of the loan tenure.
The lender evaluates your pledge gold and gives the loan amount based on a certain predefined percentage of the total value of your gold based on the current market value. The lender charges interest on the loaned amount and keeps the gold safe. Once you have repaid the principal amount along with interest, you get back the gold from the lender.
There are various payment methods available for the repayment of gold loan like visiting IIFL Finance’s physical branches or through our online repayment options such as Quickpay, Bank transfer or UPI apps
Yes, IIFL Finance provides its customers to apply for a gold loan from their home. To know more, visit https://www.iifl.com/gold-loans/gold-loan-at-home
Other Loans
More than 6 million happy customers
When I visited IIFL Finance it just took a few minutes to process the loan and the process was very transparent. I have advised my friends to get their gold loans from IIFL.
Venkatram Reddy
I recommended IIFL Finance, the process is very fast. The staff is friendly and gives good suggestions on the schemes which are beneficial.
Vishal Khare
IIFL Finance's customer friendly approach is what I liked. They are so transparent in their dealings. I look forward for my future association with them.
Pushpa
I have been taking Gold Loan from IIFL Finance for quite some time now. I get good services and right value for my Gold Loan.
Manish Kushawah
Customer Support
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