Gold Loan In Jaipur
Jaipur, the ‘Pink City’ and the capital of Rajasthan is among the fastest developing cities. From a culturally rich city, Jaipur is now being recognised as an urban city with modern infrastructure as IT/ITES industry comes up in the city. Under the Smart City Mission, Jaipur is undergoing a massive makeover in terms of improvement in infrastructure, connectivity, and other conservation and restoration works.
As a result, the city is seeing an influx of migrants besides the boost the local economy gets from the city’s reputation as a popular tourist destination. Real estate is also flourishing as a result of Jaipur coming up as an economic hub.
With the spurring of economic activity and increased disposable income, IIFL Finance gold loan Jaipur is a quick and easy way to raise funds. The lending company safeguards the loan in a vault and also insures it against loss or damage. IIFL gold loan Jaipur is a safe and convenient way to use idle gold jewellery when finances are stretched.
Features and Benefits of Gold Loan In Jaipur
IIFL Finance offers an excellent opportunity to the people of Jaipur in the form of Gold Loan Jaipur. With this, people of Jaipur can avail of the option to raise cash by pledging their idle gold jewellery. Gold loan in Jaipur is a quick and easy way to finance all your important milestones in your life
The gold loan Jaipur offers the lowest interest rates and has no hidden charges. It has customised and comprehensive gold loan features that make it an attractive option for applicants besides the easy application procedure.
How To Apply For A Gold Loan in Jaipur
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 Jaipur
As one of the best loan providers in Jaipur, IIFL Finance has stipulated very basic criteria to get a loan approved even as it caters to a broad category of customers and age-groups. Approval for an IIFL Finance Gold Loan by the loan provider in Jaipur is subject to an applicant meeting the following eligibility criteria:
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Anyone who receives a salary as well as self-employed professionals, business owners, traders, farmers, and others are all eligible.
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The loan-to-value, or LTV, 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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Age range should be between 18 to 70 years.
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Gold ornaments between 18 and 22 carats in purity should be in your collection.
Documents Required For Gold Loan in Jaipur
IIFL Finance is among the leading loan providers in Jaipur. The lending company makes it easy to avail a gold loan in Jaipur. The loan provided in Jaipur needs the following documents as ID and address proof to process a gold loan application.
Aadhaar Card
Valid Passport
Pan Card
Valid Driving Licence
Voter ID Card
Ration Card
Electricity Bill
Salary/Income Proof
Why Choose IIFL Gold Loan in Jaipur
From among the many financing options in Jaipur, IIFL Finance Gold Loan offers the best finance in Jaipur. Gold loan in Jaipur by IIFL Finance is easy and quick to obtain. It is customised to suit the specific needs of the customer in Jaipur. They maintain complete transparency in their operations and do not have hidden charges, while offering maximum value for gold. The pledged gold is fully insured and stored in vaults. IIFL Finance offers flexible payment alternatives and EMIs options over 36 months, thus making it easier for the borrower to repay.
Why is Gold Loan the Most Feasible Borrowing Mode in Jaipur?
Jaipur is the financial capital of the state of Rajasthan and a prime tourist spot that gets tourists from India and overseas. Under the Smart City mission, the city is set to get an uplift that will improve the quality of life of its citizens. As a result, a lot of infrastructure projects to improve the city’s connectivity, the condition of roads, conservation and restoration works are being undertaken.
This is expected to increase economic activity in Jaipur city and also in the surrounding areas. A gold loan in Jaipur is an effective financial instrument to raise cash by pledging gold jewellery. It is convenient, quick and easy to get a gold loan in Jaipur even without owning any valuable asset other than gold ornaments.
Uses of Loan against Gold in Jaipur
IIFL Finance Gold Loan is a lucrative option when one is in need of cash to meet important expenses. Interestingly, a gold loan in Jaipur may be used for personal or business expenses. Most often, cash raised by pledging gold is used for any of the following purposes:
Gold Loan in Jaipur FAQs
One of the many benefits of a gold loan from IIFL Finance gold loan in Jaipur is that it is a customised gold loan with no hidden charges. The gold loan is given even without a credit score. The gold is secured against loss or damage and the borrower is offered upto 75% of the value of the pledged gold. Repayment tenure for the gold loan is 36 months and the loan amount can be used to meet any of personal or business expenses.
IIFL Finance may charge anywhere between 11.88% to 27% per annum for a gold loan in Jaipur. However, these gold loan interest rate may vary subject to the value of the loan amount and the repayment frequency.
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