Gold Loan In Siliguri
A gold loan is a loan given by IIFL Finance with gold deposited as collateral or security. For people of Bhubaneshwar, the temple city of India, the gold loan is an extremely useful product that can be depended on in emergencies. With the city attracting skilled and unskilled workers in droves as it expands rapidly in the sectors of education, IT, and tourism, there are several occasions when you might find yourself in need of some quick lumpsum cash to finance an urgent requirement.
While there are several banks and NBFCs offering gold loans, the Gold Loan in Bhubaneshwar offered by IIFL has several attractive features and benefits, making it advantageous as compared to those offered by other lenders.
Features and Benefits of Gold Loan In Siliguri
In the heart of Siliguri, gold loans have grown to be a highly sought-after financial lifeline. Siliguri residents have access to a tailored Gold Loan product from IIFL Finance. The major components of our Siliguri Gold Loan are as follows:
How To Apply For A Gold Loan in Siliguri
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 Siliguri
The IIFL Finance company in Siliguri stands out as a source of gold loans thanks to its straightforward eligibility standards. You don't need to have a high fixed income or a flawless credit score to be eligible for one of our loans. However, for gold loan eligibility criteria in Siliguri, you must fulfil the following requirements.:
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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.
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Gold purity should be between 18 to 22 carats .
Documents Required For Gold Loan in Siliguri
The following documents must be presented in order to obtain a gold loan in Siliguri from IIFL Finance and to ensure the transparency of the loan application process:
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 Siliguri
IIFL Finance Gold Loan is a sensible and practical approach to get a loan against gold. It includes features like being tailored to the customer's individual needs, having no hidden fees, not requiring a credit score, and the pledged gold being completely insured and stored in vaults. Options for 36-month repayment terms are offered all the while, providing the best value in exchange for gold pledged.
Why is Gold Loan the Most Feasible Borrowing Mode in Siliguri?
You could require money as a Siliguri resident for a variety of personal expenses, like as weddings, education, or getting a car. There's a good chance that you have gold jewellery in a bank locker that is dormant. The most practical borrowing option may be a gold loan in Siliguri, as these loans use actual gold as security and offer considerable loan amounts to gold owners. Furthermore, there is no demand for a credit score because the Siliguri gold loan is secured by gold collateral.
Uses of Loan against Gold in Siliguri
In Siliguri, getting a loan against gold is a practical approach to get access to fast money with no usage limitations. The following are some typical uses for which people in Siliguri frequently use gold loans:
Gold Loan in Siliguri FAQs
The gold loan is calculated based on the gold that has been pledged and its market value on the local physical gold market. Use the gold loan calculator on the IIFL Finance website to determine how much of a loan you are eligible for based on the weight of the gold.