IIFL Finance Gold Loan Eligibility Criteria

Applying for an IIFL Finance Gold Loan is simple, provided you meet the basic eligibility criteria. Since the loan is secured against gold jewellery, approval largely depends on gold purity, weight, and submission of valid KYC documents rather than income level or credit score.

When applying for an IIFL Finance Gold Loan through Bajaj Markets, you must fulfil certain basic applicant requirements.

Key Eligibility Criteria:

• You must be at least 18 years old
  

• The maximum age to apply is 70 years
  

• You must be one of the following: a professional, salaried, non-salaried, self-employed, trader, or farmer
  

• The gold being pledged for the loan must have a purity of 18 to 22 karats

The loan amount sanctioned depends primarily on the weight and gold purity of the jewellery pledged, along with prevailing lender policies.

Any eligible person meeting the lender’s policies and documentation requirements can apply.

Applicants typically include:

• Salaried individuals
  

• Self-employed professionals
  

• Business owners
  

• Farmers and traders
  

Basic Steps in the Gold Loan Process:

1. Click on the ‘Apply Now’ button on this page
   

2. Fill up the form with your personal details to ascertain your loan eligibility
   

3. Accept the terms of use and privacy policy
   

4. Click on the ‘Submit’ button to proceed
   

5. A loan representative will connect with you to understand your requirements and help with further processing of the loan

Approvals are usually quick, and funds are disbursed soon after successful verification.

You can watch the official eligibility-related video on the IIFL Finance website or YouTube channel for a detailed explanation of the gold loan process, documentation, and approval steps.