What is IIFL Finance?
India Infoline Limited Finance is a one-stop destination for all your financial needs. They offer various services like Home Loans, Business Loans, Personal Loans, Gold Loans, etc.
IIFL gold loans are quick, easy and secured. IIFL gold loan interest rates start from 9.24% onwards. Being one of the best gold loan providers, IIFL keeps the need of its customer on the top and processes loan amounts in an hour.
Types of IIFL Gold Loan –
1. Loan against gold: This is a gold loan provided by IIFL Finance with a minimum rate of interest.
2. Loan for Agriculture purpose: This is a loan for borrowers who need money for agriculture purposes. The rate of interest on this is low as well.
Details of IIFL gold loan scheme-
|IIFL gold loan scheme||Benefits|
|Minimum loan amount||Rs. 3000|
|Maximum Loan Amount||Up to Rs.1 crore|
|IIFL Gold Loan interest rate||9.48% p.a onwards|
|IIFL Gold Loan Rate per Gram||Rs. 3351 per gram|
|Loan Tenure||2 years|
|Processing Fee||0 to 1.50% of the principal loan amount|
|Gold Required||Minimum 18 carat|
|Repayment Scheme||Overdraft scheme, bullet payment scheme, EMI option|
Features of IIFL Finance Gold Loan
- Hassle-free application process
- Minimum documentation required
- Appealing interest rates
- Instant loan disbursal
- Beneficial for farmers
- Minimum loan amount of Rs.3,000
- Customization on schemes as per your requirement
How to get Gold Loan from IIFL Finance?
- Visiting the branch –
You can avail IIFL Gold Loan by physically visiting the nearest branch with your identity and address proof along with the gold you will pledge.
- Online via IIFL bank’s website –
You can visit the IIFL Finance website, browse over to the gold loan section and apply via the ‘Apply Now’ option.
Eligibility for IIFL Gold Loan
Age Requirement – 18 to 75 years of age
Must be an Indian Citizen
Must be either self-employed or salaried
Gold quality – minimum 18 carats
Must have a CIBIL score of 500 and above
Documents Required for IIFL Finance Gold Loan
2 Passport size photographs
Identity Proof – Aadhar Card, Pan card, Passport (any 1)
Residence Proof – Aadhar card, driving license, ration card (any 1)
IIFL Finance has branches all across India and they have been serving over 3.5 million happy customers. The loan application process is completely transparent and secured. IIFL gold loan interest rates are one of the best in the industry too. Hence, if you’re in need of a loan against gold, IIFL finance must be in the top 5 providers of Gold loans.