Gold loan eligibility is directly influenced by prevailing gold prices. Higher prices increase the loan amount you can obtain, while lower prices may reduce eligibility or require maintaining the prescribed LTV ratio.

The LTV ratio is typically up to 75% of the gold’s assessed market value, as per guidelines issued by the Reserve Bank of India. The exact ratio depends on the lender’s policy and the purity of the pledged gold.

Yes, most lenders offer online application facilities. You can check eligibility, submit details, and receive provisional approval digitally. The final step involves visiting the branch for gold verification and loan disbursement.

Gold loans are generally transparent. Lenders disclose applicable fees such as processing, valuation, and late payment charges in advance. Reviewing the loan agreement carefully ensures complete clarity on all costs involved.

Yes, NRIs may avail a gold loan, subject to lender eligibility criteria and Indian regulations. The pledged gold must remain in India, and some lenders may request a resident co-applicant or authorised person to complete the process on the borrower’s behalf.

The gold loan interest rate is one of the most affordable starting at 0.99% per month. This may increase depending on the loan repayment term and schedule. Being dependent also on RBI repo rates, the interest rates are subject to change without notice, but are fixed once an agreement is signed.

The gold that you can pledge is the kind that is easily available in almost every house in Bikaner – gold ornaments of purity between 18 K to 22K.

There are innumerable benefits to taking a gold loan from IIFL Finance. Transparent procedures, competitive interest rates, freedom of usage of loan amount, easy accessibility, affordability and flexible repayment option are just a few of the myriad benefits that are an intrinsic part of this credit product.

To complete your application for a gold loan in Bikaner one must submit at least two kinds of proof – proof of address and proof of identity.