Gold Loan In Rajasthan
Gold is one of the most sought-after metals the world over. A standard medium of exchange in the commercial activity of ancient civilisations, it was used as a reserve currency internationally, up to the 20th century. No wonder then, that gold is a popular and acceptable collateral against loans. There are several banks and NBFCs offering loans in Rajasthan with gold as a collateral.
If you are in need of a jewellery loan in Rajasthan, you could consider a gold loan offered by IIFL Finance. The processing formalities are simple and the processing time is quick. You can also apply online, making it a convenient option for those in urgent need of ready cash.
If you are looking for an easier and hassle-free process to raise funds, apply for an IIFL Gold loan in Rajasthan!
Features and Benefits of Gold Loan In Rajasthan
There are several attractive features and benefits to the loan against gold in Rajasthan. IIFL Finance has a specially-designed gold loan in Rajasthan as a financial product to cater to the capital needs of the people of Mumbai.
How To Apply For A Gold Loan in Rajasthan
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 Rajasthan
The gold loan, often called jewellery loan in Rajasthan can be availed if you meet 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 Rajasthan
The documentation process required for an instant jewellery loan in Rajasthan is simple and easy to execute. You only need to submit documents to prove your identity and the fact that you meet the eligibility criteria. The following documents are mandatorily required:
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)
Gold Loan At Home in Rajasthan
Gold Loan at Home is a very convenient process wherein you can carry out the entire gold loan process within the convenience of your home.
Here's how the Gold Loan at Home service generally works:
Choose Home or Branch Service Option in Online Application Form
An Authorized Person will visit your Home or you can visit nearby Branch
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 Rajasthan
IIFL Finance is one of the leading gold loan provider in Rajasthan. The loan against gold in Rajasthan offered by IIFL Finance is the right choice for you if you are looking for a loan with simple eligibility requirements and competitive terms and conditions to meet a cash crunch. You should choose to take a gold loan in Rajasthan from IIFL Finance because of the following reasons:
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The loan amount is offered at the highest possible value of the pledged gold by the customer.
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The pledged gold is kept highly safe in secure lockers with IIFL Finance and is backed by an insurance policy.
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Customised gold loan schemes as per the customer to ensure raise funds to meet all of your capital requirement needs at best interest rates.
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Flexible EMIs and repayment options to ensure the loan does not create a financial burden on the borrower.
Uses of Loan against Gold in Rajasthan
You can use the loan against gold raised in Rajasthan for any purpose. There are no conditions attached. You can use it for all or any of the following purposes:
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For medical related expense
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For financing marriage or holiday expenditure
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To finance a new business venture
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To scale-up an existing business venture
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To pay an outstanding credit card bill
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To renovate your home
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To make a down payment on a home-loan
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To top-up a home loan
Why is Gold Loan the Most Feasible Borrowing Mode in Rajasthan?
If you need a quick loan in Rajasthan, a gold loan offered by IIF may be one of the most feasible means to raise the loan for several reasons. The Loan to Value ratio is one of the highest at 75% of the value of gold. As with all gold loans the value of gold refers to the value of the gold corresponding to the weight of the gold and does not take into consideration the making charge on jewellery. Secondly, being a secured loan, the interest rates on the gold loan in Rajasthan are much lesser in comparison to unsecured loans, like personal loans. In addition, the gold you deposit is kept in highly secure vaults, with round-the-clock security. Further, the gold deposited is backed by insurance in case of any extreme and unforeseen accident. Since many individuals in Rajasthan do not have a credit score, the gold loan is all the more feasible for the majority. In addition, the lack of a ceiling limit to the loan you can raise, and the easy and flexible terms of repayment make the loan against gold one of the most feasible modes of raising credit in Rajasthan.
Gold Loan in Rajasthan FAQs
Since the gold is kept by the lender till the loan is repaid, you can not use the gold jewellery pledged against a loan in Rajasthan. However, you can redeem part of your jewellery by making a part repayment of the loan amount at any time during the duration of the loan term. You can also repay the entire loan at an earlier date and collect all the jewellery deposited as collateral.
Gold loan is calculated on the basis of pledged gold and current market value. Use our gold loan calculator on IIFL Finance’s website to see how much loan you get against weight of the gold.
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