Gold Loan In Ludhiana
Whether you are an industrialist, a salaried employee or an overworked home-maker in the most populous and largest city in Punjab, Ludhiana, there will always be times when you suddenly find yourself under some financial pressure. It’s the story of almost every man and every woman. Most of us prepare for such times by investing regularly in FDs, Mutual funds, gold and other assets. This gold can easily be put to good use when you need some urgent cash through IIFL Finance’s gold loan in Ludhiana. This gold loan comes with competitive and attractive interest rates, making it an affordable loan option when in a financial crunch. With its customized loan services and repayment options, it is one of the best gold loans in Ludhiana.
Features and Benefits of Gold Loan In Ludhiana
The gold loan in Ludhiana offered by IIFL Finance appeals to persons from all walks of life because of the several benefits it offers. The well-curated features of this gold loan also makes it accessible to anyone who has gold to offer as a collateral. Here are some of its impressive features:
How To Apply For A Gold Loan in Ludhiana
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 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 Ludhiana
IIFL Finance has designed its criteria in such a manner to ensure easy access to the gold loan in Ludhiana. Equal weightage has been provided to ensuring borrowers can repay the loan and reclaim their gold, which in many cases may be family heirlooms. Here is the gold loan eligibility criteria:
-
A person’s age must be between 18 - 70 years
-
Have a valid Identity and address proof
Documents Required For Gold Loan in Ludhiana
The simple documentation requirements of the gold loan offered by IIFL Finance makes it one of the best gold loan in Ludhiana. You only need to submit proof of identity and proof of address, along with two passport-size photographs. Choose from among the following documents:
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 Ludhiana
There are several strong reasons to choose the best gold loan in Ludhiana offered by IIFL Finance. With over 25 years of experience, numerous branches and over 60 lakh customers, it is an extremely reliable and dependable NBFC which prioritises its customer’s needs. With the online application and home-service feature, the gold loan product is easily accessible to the majority of the citizens of Ludhiana. Among the many reasons to choose this gold loan in Ludhiana, here are the main ones:
1. Highly Secured Storage: Use your precious gold valuables as pledge, confident that your valuables will be stored in highly secure vaults, backed by an added layer of insurance for security.
2. Assured Transparency: The terms and conditions for availing the loan and repayment are clearly laid out in your loan agreement. Procedures and actions undertaken in the rare event of default, are also clear from the onset.
3.High Loan to Value Ratio: The gold loan in Ludhiana from IIFL Finance assures you a loan amount up to 75% of the gold value at prevailing rates.
4.Flexible Repayment Options: IIFL Finance offers more than one repayment option. You could opt for a bullet repayment, monthly or quarterly repayments, customised as per your convenience.
Why is Gold Loan the Most Feasible Borrowing Mode in Ludhiana?
If you require a lump sum amount of cash to finance an urgent requirement such as your child’s education or your own, or top up a home loan, or any requirement, no matter how uncommon, you can get a gold loan with ease from IIFL Finance. You retain ownership of the gold during the loan period while IIFL Finance keeps it in safe custody.
It is an easy way to raise money during an emergency, especially since you do not require a credit score to avail IIFL Finance’s gold loan in Ludhiana.
Uses of Loan against Gold in Ludhiana
Your valuable gold assets which usually lay idle can be put to good use through the gold loan in Ludhiana offered by IIFL Finance. The customised loan and repayment options, convenient online and offline application procedures, and numerous branches make it convenient during any type of emergency. You can use it as per your discretion including for the following:
IIFL Finance
Gold Loan in Ludhiana FAQs
The gold loan interest rate offered by IIF Finance in Ludhiana start at 0.99% per month. The final interest rate will depend on the loan amount and the type of gold loan scheme that you finally choose.
You can apply for a gold loan in Ludhiana if you are at least 18 years of age.
To calculate the gold loan amount you can avail, use the Gold Loan Calculator on our webpage. Just enter the weight of gold that you have and the loan amount will show up. Keep in mind that IIFL Finance assumes that the gold is of 22K purity.
Any Indian citizen can apply for a gold loan in Ludhiana from IIFL Finance as long as she or he is between 18 and 70 years of age. In addition, the applicant should be salaried or self-employed and have gold to pledge as collateral.
There is no need for a guarantor if you apply for a gold loan in Ludhiana from IIFL Finance.
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