Are NRIs eligible for IIFL Finance gold loans?
Yes, NRIs are eligible for IIFL Finance gold loans as long as they produce the necessary paperwork, which includes confirmation of identification and residency and have a co-applicant. Passports and other acceptable evidence are required KYC papers for non-resident individuals. The weight and purity requirements for the gold jewellery pledged as collateral must be met. Until the jewellery is repaid and returned, the promised gold is protected for the duration of the loan.