IIFL Gold Loan

Gold Loan at 7.10%* p.m.

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IIFL Gold Loan Key Features – Apply Now!

IIFL Gold Loan Interest Rate 7.10% per annum
IIFL Gold Loan Per Gram Rate Per Gram Today is ₹ 5,255
IIFL Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
IIFL Gold Loan Processing Fee 1.50% of the Principal Loan Amount
IIFL Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
IIFL Gold Loan Repayment Tenure 3 Months to 24 Months
IIFL Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

 

Why IIFL Gold Loan?

IIFL is also known as Indian Infoline Limited. It is a financial company founded in 1995. This financial company provides a lot of financial products to its customers. So if you need money in an emergency or to start a new business or to fulfill your personal needs then there is no need to go here and there. Furthermore, you can apply for a gold loan online without much trouble. Besides that, you can even compare interest rates for gold loan and calculate the EMI’s as well.

All you need is gold. If you have gold and you are going through financial crises then there is nothing to worry about. Because IIFL provides you a gold loan at very less rate of interest rate and very less paperwork. Even more bank will keep your gold assets as a security and provides you the loan according to the value of your gold. Therefore the value of your gold will be assessed by the jewelers. Your gold will be returned to you whenever you will pay back the loan amount to the bank.in a gold loan, it does not matter whether you are employed or not. You can get a gold loan even if you are not salaried. The loan will be approved within 5 minutes and will be disbursed in 30 minutes.

Know More About Gold Loan?

Gold loan is financial product provided by the banks/financial company to its customers. In this type of loan, you can have a loan against your gold jewelry. Most noteworthy that even if you are not there is nothing to worry about.

Because the gold loan doesn’t require the customer to be salaried or self-employed. Anybody can have a gold loan if he/she has gold of given purity. IIFA provides a Gold loan also. Bank/financial organization will take care of all the gold/jewelry and it will return back to you whenever you will pay back that particular amount of loan with interest to the bank.

Why you should Choose IIFL Gold Loan ?

So many banks and financial organizations provide a gold loan. Then why should you use IIFL for a gold loan?
Here are some reasons:

  1. First of all, IIFL has 3.5 million satisfied customers.
  2. Besides that, the security of your gold is very tight.
  3. Furthermore, the process is very transparent.
  4. Most noteworthy the bank is very dedicated towards its customers.

Eligibility criteria For IIFL Gold Loan:

There are some conditions that the applicant should fulfill to get a gold loan. These are written below:

  1.  First of all, the age of the applicant should be more than 18 years.
  2. After that, applicant should have gold in the form of coins/ jewelry/bricks. But the purity of the gold must lie between 18 karats to 22 karats.
  3. All the candidates who satisfy these eligibility criteria are eligible for Gold Loan.
  4. Besides that, Interest rates are low and attractive. It starts at 7.10%.
  5. Tenure for a gold loan is 3 months to 12 months.
  6. Most importantly there are no prepayment charges and there is no processing fee.
  7. Furthermore it can be varied a little bit up and down.
  8. The amount of loan provided by IIFL starts from 3000 to 10 Lakhs.

Documents Required IIFL Gold Loan:

The process of documentation is very easy and simple.

  1. Identity proof (Passport/Id card/voter card/driving license) can be any one of them. 
  2. 3 passport size photos
  3. A passport acts as an ID proof because a passport has a name, age, address and photograph of the customer. If you are having a passport then there is no need to bring your address proof separately. 
  4. Residence proof can be Aadhar card, voter card, and passport (Passport/Id card/voter card/driving license). Electricity and water bill for the last three months because these are the proofs that you are residing in that particular place.
  5. Driving license can also be a proof of identity and residence proof because it contains the name, date of birth and a photograph of the customer. 
  6. Aadhar card provided by UIDAI that contains biometric details of the customers like age date of birth and photograph of the individual.
  7. PAN card is the permanent account number and it prevents from the financial frauds. So it can be an identity/residence proof. Pan card is very essential document under KYC (know your customer) formality.
  8. Ration card also can be a residence proof because it provides enough information about the applicant.
  9. A signature proof is also required to get an IIFL Gold Loan.

Why magicloans.in Is a Good Platform to Apply for Gold Loan?

Why we are suggesting applying for the IIFA gold loan by using magicloans.in over other sites. magicloans.in know the value of your precious time.

You will get so many perks if you apply by using this site. Here are some of them :

  1. First of all, if you apply for the gold loan from you will get so many benefits
  2. You just have to fill the IIFA Gold Loan form and you will get a call from outside automatically
  3. Besides that, you may get some more concessions in the interest rates.
  4. Most importantly there is no need to go to the bank.
  5. Documents pick up facility from your doorstep is also available.

How to apply on magicloans.in?

Steps to apply:

  1. First of all, Search for magicloans.in on google.
  2. After that, form will open up.
  3. Fill in the online form.

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

7.10% – 14.50%

ICICI Gold Loan

7.10% – 16.10%
Muthoot Finance Gold Loan

7.10% – 24.00%

Axis Bank Gold Loan

7.10% – 17.10%
Manappuram Gold Loan

7.10% – 26.00%

Yes Bank Gold Loan

7.10% – 15.99%
Bank of India Gold Loan

7.10% – 26.00%

Federal Bank Gold Loan 

7.10% – 13.50%
IIFL Gold Loan

7.10% – 12.00%

Central Bank of India Gold Loan

7.10% – 14.65%

Canara Bank Gold Loan

7.10% – 12.65%

Allahabad Bank Gold Loan

7.10% – 10.45%

Induslnd Bank Gold Loan

7.10% – 15.75%
PNB Gold Loan

7.10% – 11.75%

Bajaj Finance Gold Loan

7.10% – 26%
SBI Gold Loan

7.10% – 15.99%

Indian Bank Gold Loan

7.10% – 15.99%
UCO Bank Gold Loan

7.10% – 26.00%

Kotak Mahindra Bank Gold Loan

7.10% – 13.50%
Syndicate Bank Gold Loan

7.10% – 12.00%