IIFL Gold Loan

Looking for a quick and easy way to get funds? Apply for an IIFL Gold Loan and get up to ₹30 Lakhs at low interest rates of 0.99% per month. You can borrow up to 75% of your gold’s value with flexible repayment options of up to 24 months on Bajaj Markets. Easy & Quick process requires minimal documents. The doorstep service is also available for your convenience, all through a safe and fully digital journey. 

Here are some highlights of the IIFL Finance Gold Loan that you should know about:

Disclaimer: The mentioned details are subject to change at the lender’s discretion. 

Here are some of the characteristics and advantages of an IIFL Finance Gold Loan: 

High Loan Amount on Gold Jewellery upto ₹30 Lakhs

With these loans, you can get funding of up to ₹30 Lakhs on the asset you pledge

Competitive IIFL Gold Loan Interest Rates

Interest rates are quite attractive, starting at 0.99% p.m.

Convenient Gold Loan Services by IIFL

With the doorstep gold loan service, you can get funds from the comfort of your home

Quick Disbursal Process with Instant Approval

Enjoy quick approval and disbursal process to meet your immediate needs

Minimum Documentation Required

Submit minimal documents, and enjoy a hassle-free application process

IIFL Finance offers Secure Storage

Your pledged gold stays safely stored with continuous surveillance and insurance

Here are the eligibility requirements you need to fulfil:

• You must be between 18 and 70 years of age

• You must either be a professional, self-employed, salaried, non-salaried, farmer, or trader

• The purity level of the gold pledged must be between 18 and 22 karats

The following is the list of documents you need to furnish: 

• Identity proof: Any one of the following

  • PAN card

  • Aadhaar card

  • Voter ID card

  • Driving license

  • Passport

• Proof of residence: Any one of the following

  • Driving license

  • Aadhaar card

  • Voter ID card

  • Passport

  • Utility bills

  • Bank statement

  • Rent agreement

There are several ways in which you can repay your IIFL Finance Gold Loan. These include: 

Pay via UPI Apps for IIFL Gold Loan Interest

You can pay your EMIs effortlessly through apps like BHIM, PhonePe, Google Pay, Paytm, and MobiKwik. 

Use IIFL Loans Mobile App for EMI and Interest Payment

Follow these simple steps to pay your loan instalments on the official mobile app of IIFL Finance:

• Login to the app using your credentials

• Scroll down to find your gold loan account

• Select the ‘Make Payment’ option

• Enter the EMI amount and select ‘Pay Now’

• Choose your preferred payment method and finish the transaction

Visit IIFL Branch Office for Repayment Assistance

Visit the nearest branch office to pay your monthly loan installment via cash. You can further discuss other repayment options provided by IIFL Finance with the branch executive. This can help you identify an option that best suits your preferences, helping you make your loan repayments easily and on time.

You can apply for an IIFL Finance Gold Loan on the Bajaj Markets website and app:

• Click on the ‘CHECK ELIGIBILITY’ option on this page or install the Bajaj Markets App through Google Play Store or App Store

• Select ‘New Gold Loan’ from the loan type

• Now enter your personal details like name, mobile number and date of birth

• Next, enter the required loan amount, pincode

• Select the gender (male, female or others) and enter the email address

• Click on ‘SUBMIT’

A representative will get in touch with you for further process.

IIFL gold loan rates per gram vary based on gold purity and current market rates. As per current rates, the loan amount per gram can range from ₹5,000 to ₹7,500, but this is subject to change. On Bajaj Markets, the interest rate for IIFL gold loans starts from 0.99% p.m. or 11.88% p.a. 

To determine the exact per-gram rate for your gold loan, you would need to: 

1. Check Current Gold Prices:

Refer to live gold rates for 22K and 24K gold, which are available online on various lenders’ websites and other financial portals. 

2. Determine Gold Purity: 

Gold purity is measured in carats (e.g., 22K, 24K). The higher the carat, the higher the purity, and the more you can borrow. 

3. Consider the Loan-to-Value (LTV) Ratio:

IIFL, like other lenders, has an LTV ratio, which determines the maximum loan amount they'll offer based on the gold's value. This ratio can vary, but generally, it can be up to 75% of the gold's value. 

4. Check with your preferred lender: 

Contact the bank or financial institution you plan to borrow from and inquire about their current gold loan rates per gram for the specific purity of your gold. 

5. Compare loan rates and terms: 

Before taking a gold loan, compare interest rates and loan terms from different lenders to ensure you get the best deal. 

6. Use online calculators: 

Many lenders and financial websites offer online gold loan calculators that allow you to input the purity, weight, and other details to estimate the loan amount you can get.

To estimate the loan amount you can avail against your gold, you can use an online Gold Loan Calculator. This tool lets you calculate your eligibility based on the weight and purity of the gold you pledge. All you have to do is enter the weight of your gold in grams or kilograms and select the purity of your gold (e.g., 22k, 24k). The calculator will then display the maximum loan you are eligible for, considering the current gold rates and the RBI-mandated Loan-to-Value (LTV) ratio. 

Additionally, you can also estimate your monthly loan repayments by using a Gold Loan EMI Calculator. By entering the loan amount, interest rate, and tenure, you can calculate how much you'll need to pay every month for your IIFL gold loan. Once you provide your loan amount, interest rae, and repayment tenure, the calculator will compute your monthly EMI, including both principal repayment and interest. You can tweak the input values till you find a loan EMI that you can repay comfortably each month.

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.