Gold Loan In Kanpur
Kanpur is a major industrial city in Uttar Pradesh with good air, road and railway connectivity. This makes Kanpur a major economic centre with leather shoe-making, leather works, light engineering and food processing industries mushrooming among other small-scale and cottage industries.
These factors make it a town of livelihoods for labourers in and around Kanpur. In such cases, when the need for finance arises, a gold loan in Kanpur is an excellent financial instrument. With no credit score required and complete transparency in the interest rate, fees and charges levied, a jewellery loan in Kanpur is easily the most preferred instrument.
Features and Benefits of Gold Loan In Kanpur
Gold loan in Kanpur is preferred by citizens looking to raise money for business or personal use. The popularity of the gold loan can be attributed to its following features and benefits of gold loan.
How To Apply For A Gold Loan in Kanpur
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 gold loan approval
Documents Required
Simple process ensures that you get the loan amount
Gold Loan Calculator
*The market value of your gold is calculated by taking the 30-day average gold rate of 22-carat gold | The purity of the gold is assumed to be 22 carats.*
*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 Kanpur
IIFL Finance offers a gold loan in Kanpur to creditworthy individuals with the ability to repay. The lending company ensures this by stipulating the following criteria:
Check for IIFL Finance gold loan eligibility criteria :
-
A person’s age must be between 18 - 70 years
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Have a valid Identity and address proof
Documents Required For Gold Loan in Kanpur
The documentation process required for an instant jewellery loan in Kolkata is simple and easy to execute. The following gold loan document are required to prove your identity and address as valid proof for taking a gold loan in Kolkata:
Accepted Identity Proof
- Aadhaar Card
- Valid Passport
- PAN Card
- Valid Driving Licence
- Voter ID Card
Accepted Address Proof
- Aadhaar Card
- Valid Passport
- Electricity Bill
- Bank statement
- Valid Driving Licence
- Voter ID Card
Why Choose IIFL Gold Loan in Kanpur
A gold loan from IIFL Finance is one of the best gold loans in Kanpur. The loan is designed to offer a hassle-free experience of applying for and receiving a loan. Here are some factors that make it among the best gold loans in Kanpur:
Highest Loan-to-Value: IIFL Finance disburses the highest loan amount of up to 75% to borrowers. The lent amount also depends on the value of gold in the physical gold market in Kanpur.
Flexible EMIs: The lending company makes it easier gold loan repayment process by offering the option of repaying as flexible EMIs or as a single payment.
Gold Safety: IIFL Finance secures the pledged gold in steel vaults with 24*7 monitoring. It also insures the pledged gold against loss or damage.
Transparency: IIFL Finance maintains complete transparency in the rates, charges and fees it charges to gold loan applicants. The same is disclosed on website.
Why is Gold Loan the Most Feasible Borrowing Mode in Kanpur?
Owing to its excellent connectivity and MSMEs helping revive Kanpur’s economy, the city offers employment opportunities to people in and around the city.
As a city providing livelihoods, Kanpur offers immense scope to workers to be able to receive additional funds to meet their personal and business needs. This makes a gold loan in Kanpur the most feasible borrowing instrument. The application process is simple, low gold loan interest rate and disbursal is fast too, making the gold loan in Kanpur among the most preferred financial instruments to obtain a loan.
Uses of Loan against Gold in Kanpur
A loan against gold is where an applicant wishing to raise funds is willing to pledge gold jewellery with IIFL Finance. The gold loan in Kanpur comes with the flexibility of using the borrowed amount for any of the following purposes:
IIFL Finance
Gold Loan in Kanpur FAQs
The benefits of gold loan from IIFL Finance are, it requires minimal documentation; is approved and disbursed quickly and the loan amount can be used to meet personal and business expenses.
An applicant wishing to apply for a gold loan in Kanpur can only pledge gold ornaments with 18-22 carat purity.
A gold loan in Kanpur is charged an interest rate of 11.88% to 27% p.a. Besides this, there are other charges too, which the lending company has disclosed on its website.
Any individual age between 18-70 years; who is a salaried employee/farmer/trader/self-employed/entrepreneur and with gold ornaments having a purity of 18-22 carats, is eligible to avail a gold loan.
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