Discover how IIFL Gold Loan Top Up helps you get additional funds on your existing gold loan with flexible terms and quick disbursal.
Running short on funds during an ongoing IIFL gold loan can be challenging. IIFL Finance offers a gold loan top-up facility that lets you borrow more against your existing gold without fresh documentation. It ensures quick disbursal, competitive rates, and helps you manage urgent needs without the hassle of a new loan.
IIFL Finance gold loan top-up allows you to borrow extra funds over your existing gold loan without pledging more gold.
It helps you cover urgent or planned expenses while continuing with your current repayment terms. This option offers a quick and easy way to access extra funds based on the remaining eligible value of your pledged gold.
Apply conveniently through the IIFL Finance Loans app. You can check your eligible top-up amount and complete the process in minutes. There's no need to visit a branch, making it a fast and hassle-free experience.
Applying for an IIFL Finance gold loan top-up online is fast and hassle-free. Using the IIFL Loans app, you can access extra funds in just a few steps without visiting a branch.
Get the IIFL Loans app from the Play Store or App Store. The app helps you manage your IIFL gold loan and apply for a top-up seamlessly.
Open the app and log in using your registered mobile number and OTP or password. Make sure the number matches the one linked to your existing gold loan.
Once logged in, the app will show how much top-up you are eligible for, based on the remaining value of your pledged gold.
Select the top-up amount (within your eligible limit) and choose the bank account for fund disbursal.
The app will display applicable charges, such as processing or franking fees, along with the final disbursal amount. Review the details carefully.
Authenticate the request using the OTP sent to your registered mobile number.
Once confirmed, the funds will be instantly credited to your selected bank account. You can track the transaction in the app.
No fresh paperwork is required. Your existing KYC and loan details are used, making the process faster and more convenient.
Enjoy a seamless experience with instant processing. Funds are credited directly to your bank account within minutes of approval.
Top-up loans come with competitive rates starting at just 0.99% per month. Transparent pricing ensures complete clarity on repayment obligations.
Your pledged gold stays secure in IIFL Finance’s fully insured vaults while you access extra funds, ensuring complete peace of mind.
Repay conveniently using part-payment and part-release options, depending on your scheme. There are no pre-closure charges, offering full flexibility if you wish to repay early.
You may avail a top-up of up to 75% of your pledged gold’s current market value, depending on its purity and weight. This ensures maximum liquidity while continuing your existing loan.
Before applying for an IIFL Finance gold loan top-up, it is helpful to understand the applicable interest rates and charges. This ensures complete transparency while you plan your repayment comfortably.
| Particulars |
Details |
|---|---|
| Interest Rate |
Starts from 0.99% p.m. (11.88% - 27% p.a.) depending on the scheme |
| Processing Fee |
As per the scheme construct |
| Part-Payment Charges |
None |
| Pre-Closure Charges |
None, subject to minimum 7 days’ interest |
| Foreclosure Charges |
Minimum 7 days’ interest charged on early closure |
| Penal Charges |
0.5% p.m. (6% p.a.) on outstanding dues |
| MTM Charges |
₹500 (Mark-to-Market adjustment charge) |
| Auction Charges |
₹1500 |
| Overdue Notice Charges |
₹200 per notice (issued once in 90 days) |
| SMS Charges |
₹5.90 per quarter, inclusive of taxes |
Disclaimer: The above-mentioned details are subject to constant change at the lender’s discretion.
If you already have a gold loan, a top-up lets you borrow more without pledging extra gold. A fresh loan needs new gold. Here’s a quick comparison:
| Feature |
Top-Up Loan on Gold Loan |
Fresh Gold Loan |
|---|---|---|
| Eligibility |
Existing gold loan customers only |
Anyone with gold to pledge |
| Gold Requirement |
No additional gold required |
New gold must be pledged |
| Documentation |
Minimal, based on existing records |
Full set of documents required |
| Approval Time |
Faster, often within minutes |
Standard processing time |
| Disbursal Speed |
Instant after approval |
After verification |
| Loan Amount |
Based on the remaining value of pledged gold |
Based on the new gold value |
| Interest Rate |
Same or similar to existing loan |
Depends on current rates |
| Convenience |
High – app-based access |
May require a branch visit |
| Use Case |
Ideal for small urgent expenses during an active loan |
For new or larger funding needs |
The IIFL Finance gold loan lets you borrow additional funds on your existing IIFL gold loan without pledging extra gold. It can help manage planned or urgent expenses while continuing your current repayment.
Eligibility depends on your existing IIFL gold loan, the pledged gold’s remaining value, and your repayment history with IIFL Finance.
You can apply easily using the IIFL Loans app. Just log in, check the eligible top-up amount, enter the desired amount, review charges, and confirm with OTP.
Interest rates for top-ups start from 0.99% per month, depending on the scheme selected.
You can get up to 75% of your pledged gold’s market value, depending on purity, weight, and the scheme with IIFL Finance.
Top-up loan amounts are disbursed instantly to your bank account once the OTP verification is completed.
Processing fees, franking charges, and other applicable costs depend on your top-up amount. These charges and the final disbursal amount will be shown in the app when you apply for a top-up.