Gold Loan In Aurangabad
Aurangabad district in Maharashtra is well-known for cotton and silk textiles. Also, it has a sound industrial base owing to the presence of several renowned business houses. The district is a popular tourist spot for its historical heritage sites and draws tourists from in and around Maharashtra.
With several activities to boost the local economy, a gold loan in Aurangabad from IIFL Finance is an excellent option for the citizens of Aurangabad. The offering from the lending company has no hidden charges, offers the highest LTV of 75%, and allows the flexibility of using the loan amount for personal/business/medical expenses and to repay in easy installments or as a single, one-time repayment.
Features and Benefits of Gold Loan In Aurangabad
IIFL Finance offers the option of a loan against gold to the people of Aurangabad just like it does to people in other cities. Some reasons why people should consider a gold loan in Aurangabad are:
Gold Loan Calculator (Rates as on 01 May 2024)
*The market value of your gold is calculated by taking 30 days average gold rate of 22 carat gold | Purity of the gold is assumed at 22 carat.
*You can avail a maximum loan of up to 75% of the market value of your gold depending on the quality of the gold.
Eligibility Criteria to Apply For Gold Loans in Aurangabad
Gold is an asset for people of all strata in Indian society. Most of them own it as an asset in the form of jewellery and coins that are brought out only on important occasions. Even as owners of gold jewellery, creditworthiness and repayment ability are important concerns for IIFL Finance, a private company also termed as a Non-banking Finance Company. Hence, they have set some gold loan eligibility criteria for applicants desiring to avail a gold loan in Aurangabad. The criteria are:
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The individual is a salaried employee/entrepreneur/self-employed/trader/farmer
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The loan-to-value ratio is capped at 75%, meaning a maximum of 75% of the value of the gold will be given as loan.
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The individual is between 18-70 years of age
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The individual has gold jewellery with a purity of 18-22 carats
Documents Required For Gold Loan in Aurangabad
IIFL Finance offers one of the best gold loans in Aurangabad to people who would like to raise additional cash to fund their urgent needs. For this, the applicant must submit certain valid documents along with the application form such as:
Aadhaar Card
Valid Passport
PAN Card
Valid Driving Licence
Voter ID Card
Ration Card
Electricity Bill
Bank Statement
Why Choose IIFL Gold Loan in Aurangabad
IIFL Finance offers one of the best gold loans in Aurangabad for citizens looking to meet their personal or professional goals. Increasingly, more and more people are opting for the lending company’s gold loans owing to the following reasons:
Highest Loan-to-Value: IIFL Finance offers the highest LTV of 75% to borrowers subject to the value of the physical gold in the local market, making it one of the best gold loans in Aurangabad.
Flexible EMIs: IIFL Finance allows two flexible options regarding loan repayment. One by making a single payment and the other, by opting for easy monthly EMIs.
Gold Safety: The pledged gold is safely secured in vaults by the lending company and they also offer an insurance cover for additional safety.
Transparency: The lending company follows utmost transparency right from its application to the disbursal on its gold loan with one of the lowest interest rates by making all the relevant information available on the website.
Why is Gold Loan the Most Feasible Borrowing Mode in Aurangabad?
With the customers’ convenience in mind, IIFL Finance offers a ‘Home Service’ option to its potential customers keeping all the features and benefits of the gold loan with one of the lowest gold loan interest rate unchanged. A time-saving way to obtain cash is to opt for the Doorstep option and avail of a gold loan from IIFL Finance.
Uses of Loan against Gold in Aurangabad
One of the reasons that makes a gold loan from IIFL Finance a preferred financial instrument is the flexibility of using the loan amount for any legal and valid purposes. Some of the uses of the gold loan are:
Gold Loan in Aurangabad FAQs
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