Gold Loan In Berhampore
Berhampore, in the Murshidabad district of West Bengal is a city mainly known for its tourist attractions. It was the seat of the Nawabs of Bengal centuries ago and is also famous as the place where Bankim Chandra Chattopadhyay wrote Anandmath. Presently, Berhampore is the capital of Murshidabad district.
Regarding the city's industrial activities, bell-metal and brass utensils units are operational on a large scale here. Agricultural activity, oil-milling and silk-weaving, ivory carving, and precious metal working are other important industries. The workers engaged in these activities can upgrade to a better lifestyle with IIFL gold loan in Berhampore. The loan offers many benefits and attractive features without loan agents in Berhampore.
IIFL Finance Gold Loan in Berhampore is a quick way of raising additional cash.
Features and Benefits of Gold Loan In Berhampore
With a Gold Loan in Berhampore, IIFL Finance is now expanding its reach to West Bengal. The gold loan from IIFL Finance is a simple and convenient option for citizens of Berhampore to raise funds just by pledging their gold jewellery. Some of the features of the gold loan in Berhampore and its benefits are as follows:
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 Berhampore
IIFL Finance has set some gold loan eligibility criteria as a lending institution to sanction its gold loan in Berhmapore. These criteria ensure that the applicant is creditworthy and can repay the loan. The requirements are as follows:
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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 Berhampore
With the eligibility criteria in place, IIFL Finance requires the applicant to submit certain valid, original documents to be able to process the loan. The gold loan documents required for Berhampore are:
Aadhaar Card
Valid Passport
PAN Card
Valid Driving Licence
Voter ID Card
Ration Card
Electricity Bill
Bank Statement
Why Choose IIFL Gold Loan in Berhampore
The gold loan from IIFL Finance is popular for many reasons, such as, no requirement for a credit score, the facility to customise the gold loan, competitive interest rates and no end-use restrictions, among other features. Some other reasons that make this gold loan one of the best gold loans in Berhampore are:
Highest Loan-to-Value: Applicants can enjoy the highest loan amount of up to 75% of the gold ornaments pledged owing to the highest LTV of 75%.
Flexible EMIs: A customer can pay the EMIs for the best gold loan in Berhampore as a one-time payment or in easy-to-pay monthly EMIs.
Gold Safety: IIFL Finance offers complete security of the pledged gold by storing the collateral in safety vaults that are monitored 24*7 and also by providing an insurance cover for the same.
Transparency: IIFL Finance maintains complete transparency in the loan application process, right from specifying the eligibility criteria to documentation and the rates and fees it charges, thus making it a popular financial product among citizens.
Why is Gold Loan the Most Feasible Borrowing Mode in Berhampore?
A Gold Loan in Berhampore can help improve the quality of life of its citizens engaged in several traditional activities. The IIFL Finance Gold Loan is a customised loan, with no requirement of a credit score; involving only minimal paperwork and ensuring transparency in the application process and the fees it charges. It also offers the highest loan amount, complete safety of the pledged collateral and the flexibility to repay the loans as a single payment or in EMIs.
Uses of Loan against Gold in Berhampore
A gold loan in Berhampore enables customers to use the loan proceeds for various purposes. However, the only criteria is that the loans should only be used for legal purposes. Some of the uses of a loan against gold in Berhampore are:
Gold Loan in Berhampore FAQs
An applicant opting for a gold loan from IIFL Finance is not required to provide a credit score; IIFL Finance ensures transparency in the application process and interest rate, charges and fees levied, and the loan disbursal is also quick. One of the main benefits is that the lending company also offers the flexibility to use the loan amount for any legal purpose.
IIFL Finance offers a gold loan to customers in Berhampore after they fulfill the following criteria:
- The applicant is an Indian national in the age-group of 18-70 years.
- The applicant is either salaried/an entrepreneur/self-employed/trader/farmer.
- The applicant can pledge gold jewellery with a purity of 18-22 carats.
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