Gold Loan In Chennai
Chennai, the Detroit of Asia, with its sea port and a flourishing manufacturing, BFSI and IT/ITes sector is a hub of economic activity in South India. There are several banks and NBFCs offering gold loan finance in Chennai to those who have gold to offer as a collateral.
The gold loan in Chennai, offered by IIFL Finance, has a two-year repayment tenure. It can be availed by any Indian citizen between 18 to 70 years of age. It is considered one of the best gold loans due to the seamless and quick application and approval procedure, and the flexible repayment options. If you are facing a cash crunch, read on to understand whether the gold loan is the right choice for you.
IIFL Finance gold loan in Chennai have designed to cater to all the capital needs of individuals with customized gold loan schemes and repayment process.
Features and Benefits of Gold Loan In Chennai
The online gold or jewel loan in Chennai has several attractive features and benefits
How To Apply For A Gold Loan in Chennai
Walk into any IIFL Gold Loan branch with your gold.
Find Nearest Branch
Provide your ID proof, address proof and gold to get an instant approval
Documents Required
Simple process and in-house gold valuation ensures that you get the loan amount in your account or in cash
Gold Loan Calculator
*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 Chennai
The eligibility criteria of gold loan in Chennai is designed in a way to protect the borrowers. It is designed to ensure to the maximum extent possible that a borrower will be able to repay the gold loan within the loan tenure period. Check the given below criteria:
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You must be a salaried employee/businessman/businesswoman/trader/farmer or self-employed professional.
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You should be an Indian nationality.
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The borrower needs to be a lucid adult between 18 to 70 years of age
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The gold pledged should have a purity between 18 to 22 carats.
Documents Required For Gold Loan in Chennai
The IIFL Finance gold loan is perhaps the best gold loan in Chennai due to the minimal gold loan documentation required and the easy procedure for submission and verification. You need the following KYC documents to avail the loan:
Aadhaar and PAN Card
Valid Passport
2 passport-size photographs
Valid Driving Licence
Voter ID Card
Job Card Issued By NREGA
Ration Card
Electricity Bill
Salary/Income Proof
Certificate by Jewel Appraiser (Bank will Arrange)
IIFL Finance Offers Gold Loan At Home Services In Chennai
IIFL Finance’s online gold loan is often considered a Home Gold Loan in Chennai. That is because one can avail the gold loan without stepping out of your home at all. The entire process from application to disbursal can be carried out from your home or office or your home and office! This is especially useful for those with mobility issues or time constraints. In addition, this loan against gold in Chennai offers one of the lowest gold loan interest rates in Chennai.
Here's how the Gold Loan at Home service generally works:
Choose Home Service option in online application form
An authorized person will visit your home
Simple Process in-house Gold Valuation
You can Get Gold Loan Amount in your Account or in Cash within 30 Minutes
Why Choose IIFL Gold Loan in Chennai
If you are in need of raising a loan in an urgent basis, there are good reasons for choosing the gold loan offered by IIFL Finance. Many people consider it the best gold loan in Chennai for the following reasons
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High Loan to Value Ratio: IIFL offers up to 75% of the value of the weight of the gold deposited
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Flexible EMIs: Repay as per your convenience. Pay through regular EMIs or pay the entire principal and interest at the end of the loan tenure
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Gold Safety: IIFL secures the gold deposited in secure vaults with high-level security, backed by insurance
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Transparency: IIFL follows a transparent policy regarding interest rate and gold valuation
Uses of Loan against Gold in Chennai
One of the attractive features of a gold loan in Chennai is the fact that there are no restrictions on the end-use of the loan money. You could use it for putting a down payment on a house, tiding through a medical emergency, paying credit card dues, going for a vacation, furnishing your home or buying a gadget, among other things. IIFL only expects that you apply for the loan after prudent consideration and are confident of repaying the loan and reclaiming your pledged valuables. To calculate gold loan amount, you can use our gold loan calculator online at IIFL Finance
Why is Gold Loan the Most Feasible Borrowing Mode in Chennai?
A low-interest gold loan in Chennai is one of the most feasible means of borrowing money from registered banks and NBFCs. It is often referred to as a low-interest gold loan as it is a secured loan with lower rates of interest than unsecured loans. In addition, the processing application process is simple and the processing is quick. Since you will not require a good credit score, the gold loan which you can avail from the comfort of your home is a one of the most feasible means of raising money.
Gold Loan in Chennai FAQs
For gold loan repayment we have payment options available like through Physical Branches, Quickpay, Bank transfer or UPI apps.
You can use a gold loan calculator available on our website to help you calculate the gold loan amount. All you need to do is enter the weight of items you wish to pledge.
The gold loan interest rate in Chennai is lower than the interest rate on unsecured loans. It varies as per the prevailing gold loan market rates, the loan term, gold loan schemes and the amount of loan applied for.
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