Gold Loan In Delhi
In Delhi most of the citizen invests in gold ornaments for religious and auspicious occasions. However, some Delhi residents also invest in gold to make profits based on the buying and selling price differences.
Gold makes up for an ideal investment as it is an appreciative asset that increases in value over time as Delhi sees high gold demand, thereby increasing gold prices. IIFL Finance loan against gold in Delhi comes with attractive, affordable, and lowest gold loan interest rates to help you raise funds during a financial emergency.
IIFL Finance gold loan in Delhi have designed to cater to all the capital needs of individuals in Delhi with customized gold loan schemes and repayment process
Features and Benefits of Gold Loan In Delhi
Gold loans have become a popular product, especially in Delhi, as the demand for gold is among the highest in India. Quality lenders have specially designed gold loans in Delhi as a financial product to cater to the capital needs of the gold owners of Delhi. Here are some of its features.
How To Apply For A Gold Loan in Delhi
A gold loan in Delhi has become the preferred capital-raising avenue for individuals who want to secure funding based on their gold articles. IIFL Finance’s gold loan process is customised to be quick and hassle-free, with minimal documentation. Here is how you can apply for a gold loan in Delhi.
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Visit IIFL Finance’s website and click “Apply for a Gold Loan Now”. A gold loan application form will appear on the screen.
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Fill in the required details in the gold loan application form, such as your name, mobile number, and date of birth, along with your KYC documents and click on “Submit”.
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IIFL Finance will review your application form with the eligibility criteria, and you will receive the application status.
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IIFL Finance’s relationship manager will call you and assist you through the next steps of pledging the gold and getting the loan amount disbursed.
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Once gold loan disbursed, you can use the gold loan amount for any personal legal purposes.
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Once you have repaid the gold loan, IIFL will return the pledged gold ornaments.
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 Delhi
Lenders have set eligibility criteria to ensure they offer the gold loan in Delhi to creditworthy individuals capable of repaying the loan amount. Although the lenders have the gold ornaments in possession until the borrower repays the loan, lenders do not want to take away the ownership from the borrowers by selling the gold. Hence, they ensure that the borrowers fulfil the eligibility criteria before approving the gold loan application
Check for IIFL Finance gold loan eligibility 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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You should be between the age of 18-70 years.
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You should have gold ornaments purity 18-22 carats.
Documents Required For Gold Loan in Delhi
Attaining the best gold loan in Delhi requires submitting some documents to prove the borrower's identity and ensure that the loan process is transparent. The borrower must provide documents to prove identity and address. You must keep all the gold loan documents handy while filling in the gold loan application form.
Aadhaar Card
Valid Passport
PAN Card
2 passport-size photographs
Valid Driving Licence
Voter ID Card
Job Card Issued By NREGA
Ration Card
Electricity Bill
Why Choose IIFL Finance to Avail a Gold Loan in Delhi?
IIFL Finance is a one-stop solution for all your capital needs. The loan process is designed to offer industry-best benefits to ensure hassle-free loan application and disbursal. IIFL have presence in India with 2668+ branches and gold loan at home service. Here is why you choose IIFL to take a gold loan if you reside in Delhi.
Why Gold Loan is a Suitable Credit Option in Delhi?
Here is why a loan against gold in Delhi is a suitable credit option:
Delhi is one of the major hubs for credit lending companies that have curated numerous gold loan products to provide adequate capital through leveraging gold ornaments. Delhi witnesses high gold demand, which makes it easy to pledge gold and raise funds.
A loan against gold in Delhi helps raise funds without any external capital. You can apply for a gold loan without owning any valuable asset apart from the gold ornaments.
Gold Loan in Delhi FAQs
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