Gold Loan In Ghaziabad
Ghaziabad is the second most industrialized city in Uttar Pradesh after Kanpur. It enjoys good connectivity by roads and railways and has steel and aero equipment manufacturing industries.
Ghaziabad is particularly well-known for apparel, transportation equipment, dairy products, industrial machinery, ceramics and electrical and electronic goods. The small-scale industry is also a thriving industry in the city.
Owing to this, the city employs people in and around the city. The employed or the self-employed looking to improve their quality of life or expand their business can apply for a gold loan in Ghaziabad. A quick and customized gold loan from IIFL Finance that requires no credit score or income criteria is a perfect solution for the citizens of Ghaziabad.
Features and Benefits of Gold Loan In Ghaziabad
IIFL Finance online gold loan or jewel loan in Ghaziabad has gained popularity as a popular means of raising additional capital. It is a simple and customised gold loan designed to meet the particular needs of the people in Ghaziabad. It does so in the following ways:
How To Apply For A Gold Loan in Ghaziabad
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 gold valuation ensures that you get the loan amount in your account or in cash
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 Ghaziabad
IIFL Finance offers its gold loan to creditworthy borrowers and those with a repayment capacity. To ensure this, we have put in place some gold loan eligibility criteria. While this does not include having high-income criteria or having a sound CIBIL score, IIFL Finance’s Gold Loan eligibility criteria are few and basic. They 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 Ghaziabad
In order to avail a gold loan in Ghaziabad, you must upload the minimum necessary documents – two passport-size photographs , address proof and identity proof. IIFL Finance has made the process easy for borrowers by providing a list of gold loan documents to choose from:
Aadhaar Card
Valid Passport
PAN Card
Valid Driving Licence
Voter ID Card
Ration Card
Electricity Bill
Bank Statement
Why Choose IIFL Gold Loan in Ghaziabad
IIFL Finance offers one of the best Gold Loans in Ghaziabad. They are transparent in their operations and do not have hidden charges while providing maximum value for gold. Besides, the Gold Loan in Ghaziabad is customised to meet customers’ specific requirements. The pledged gold is fully insured and stored in vaults. One of the most attractive features of a gold loan in Ghaziabad is the gold loan interest rate, which is among the lowest in the city. Being a secured loan, the lender bears less risk and can offer an affordable interest rate.
Why is Gold Loan the Most Feasible Borrowing Mode in Ghaziabad?
Ghaziabad's manufacturing, small-scale, tourism, and real estate sectors make the industrial city an employment generator for citizens residing in the adjacent areas. The infrastructure of the city is also well-developed.
Owing to its strategic location and excellent connectivity by roads and railways, Ghaziabad has registered a considerable improvement in its local economy. It has prominent steel and aerotech equipment manufacturing companies such as Rathi Ispat Limited, Ghaziabad Ispat Udyog Limited and Aerotech Equipments and Projects Ltd. The Hindon Air Force Station is also located in Ghaziabad.
In a city with diverse economic activity, the need for additional capital is met by an IIFL Finance Gold Loan. The gold loan offers the highest LTV ratio without any CIBIL score requirement and the flexibility to use the loan for personal, business or medical reasons.
Uses of Loan against Gold in Ghaziabad
A Gold Loan in Ghaziabad is a quick way to raise capital even in an emergency owing to the simple documentation and an online application process. Along with this comes the additional feature of flexibility to use the loan amount for any of the following purposes:
Gold Loan in Ghaziabad FAQs
IIFL Finance may charge between 11.88% and 27% per annum for a gold loan in Ghaziabad. This translates to gold loan interest charges of 0.99% per month. However, these rates may vary subject to the value of the loan amount and the repayment frequency.
The pledged gold and its market value in the physical gold market determine the loan amount one is eligible for. The IIFL Finance website has a gold loan calculator to help you find the eligible loan amount.
The eligibility criteria as required by IIFL Finance are, the applicant should be an Indian citizen between 18 to 70 years of age; the applicant is working as an employee, is an entrepreneur, a trader, a farmer, or a self-employed professional and can pledge gold ornaments with a purity of 18-22 carats gold.
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