The loan money can be deposited to your account within 30 minutes of the loan being approved if all the paperwork is accurate and you match the eligibility requirements.

You must be an Indian citizen between the ages of 18 and 70. You could work as a salaried employee, an entrepreneur, a trader, a farmer, or a professional working for yourself. Additionally, your gold ornaments should be 18 to 22 carats pure.

The rate of interest on a gold loan from IIFL Finance may range from 11.88% to 27% annually. Keep in mind that these rates can change based on the loan amount and the frequency of payments.

Based on the gold that has been pledged and its market value on the local physical gold market, the gold loan is determined. To find out how much of a loan you qualify for based on the weight of the gold, use the gold loan calculator on the IIFL Finance website.

Anyone in Patna who needs money and has gold sitting around their home can apply for a gold loan.