Gold Loan In Solapur
Solapur is well known for its interesting mix of the natural and the man-made. It is home to the Great Indian Bustard Sanctuary on the one hand and Asia’s largest spinning mill on the other! For the enterprising residents of this city, IIFL Finance offers a loan product that is easily accessible to all – the gold loan in Solapur. With its affordable interest rates, home-service facility and efficient processing, the gold loan in Solapur is the product of choice for anyone who needs to raise cash for any purpose. With gold jewellery offered as collateral, this loan offers one of the lowest interest rates as compared to other loan products.
Features and Benefits of Gold Loan In Solapur
Whether you are thinking of reviving an old cotton mill or upgrading an existing one, or have a sudden emergency thrust upon you, the gold loan in Solapur offered by IIFL Finance offers several advantages over other loan products or the gold loans in Solapur offered by other banking and financial institutions. Here are just a few of them.
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 Solapur
IIFL Finance has set the eligibility criteria for gold loan in Solapur keeping the interests of its customers as the basic prerequisite. Mindful of its duty to its clients, criteria are so set that you can apply for the loan with ease, and repay it back with equal ease. To be eligible for the gold loan.
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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 Solapur
The gold loan documentation requirements have been kept to the minimum and the essential. If you are looking for the best gold loan in Solapur from IIFL Finance, all you have to provide are documents to establish your identity and address and two standard passport-size photographs. You can choose from the undermentioned list for submission:
Aadhaar Card
Valid Passport
PAN Card
Valid Driving Licence
Voter ID Card
Ration Card
Electricity Bill
Bank Statement
Why Choose IIFL Gold Loan in Solapur
Over and above the simple eligibility criteria, minimal documentation and outstanding features and benefits, here are some additional, hard-to-resist reasons for choosing the best gold loan in Solapur that IIFL provides for the city’s residents:
Highest Loan-to-Value: At 75%, the LTV set by IIFL Finance ensures that you get a high loan amount for the gold deposited as collateral
Flexible EMIs: The several repayment options to choose from give customers freedom and flexibility. Repayment options include bullet repayment, monthly EMIs, quarterly instalments and more.
Gold Safety: Assured safety is provided to your gold deposited in IIFL Finance as a collateral to the gold loan in Solapur through storage in high security vaults.
Transparency: Transparent, well-explained terms and conditions ensure that customers do not face any tension or set-backs from hidden charges and costs.
Why is Gold Loan the Most Feasible Borrowing Mode in Solapur?
Whether bitten by an entrepreneurial bug, ready to set up a stall at the Gadda Yatra, or taking responsibility during a family emergency, you will find that the gold loan in Solapur is the most feasible borrowing option for you. By simply pledging gold ornaments in your possession till you recover the money or recover from the crises, you can get the loan amount you need with low gold loan interest rate.
Uses of Loan against Gold in Solapur
The no-end-use-restriction feature of the gold loan in Solapur offered by IIFL Finance, makes it a powerful tool in the hands of the borrower. The only underlying criteria to the infinite number of uses you could put it to is that the purpose be useful and responsible. People use it mainly for the following:
Gold Loan in Solapur FAQs
If you want to apply for a gold loan in Solapur, you need to have documents to prove your eligibility and address. You can submit any one or two documents as necessary from the following list - Aadhar Card, Valid Passport, PAN Card, Two passport size photographs, Valid Driver’s License, Voter’s Id Card , Job card issued by NREGA, Ration Card and Electricity Bill.
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