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IIFL Gold Loan Bazaar

Loan Amount

Starts from Rs 3000

Interest Rate

12% to 24%
 
IIFL Gold Loan Bazaar

Loan Amount

Starts from Rs 3000

Interest Rate

12% to 24%
Bank
Loan Amount
Interest Rate
Loan Tenure
Processing Fee
IIFL Gold Loan Bazaar IIFL Gold Loan
Starts from Rs 3000
12% to 24%
3 months to 11 Months
0.15 % ( Min. Rs 50) and Rs 500 MTM charges

Bank Name

IIFL Gold Loan

Processing Fee Range

0.15 % ( Min. Rs 50) and Rs 500 MTM charges

Tenure Range

3 months to 11 Months

Foreclosure charges

If closed before 3 months : < 1 lakh = Rs 50 , 1 to 3 Lakh = Rs 100 , > 3 Lakh = Rs 150

Renewal Fees

Applicable

Interest Rate

12% to 24%

Time Taken

Around 30 minutes

Carat Requirement

18 ct to 24 ct

Age Required

Minimum 18 years

Document Charges

IIFL Gold Loan

IIFL: A leading finance and investment services company India. IIFL are engaged in home loans, IIFL Gold Loan, personal finance, housing finance, and financial advisory services.

 

What is a Gold Loan?

A Gold Loan is a secured loan against your gold ornaments providing you a loan amount as per the market value of gold, with an EMI option to repay the same. With options of availing instant gold loan at low interest rates in India, it is a quick and easy way of meeting your financial needs today.

 

Following are the Advantages of a Gold Loan:

No income and salary criteria– Gold loans do not require any documentation or validation for income or salary of the person. So even if you are unemployed and unsalaried you can still avail a gold loan. This is because you are pledging a valuable asset i.e. gold in return of the money.

Can be provided in cases of bad credit history as well as low income level.

You need to repay only the interest- You have the option to pay only the interest during the tenure of the entire gold loan and at the end of tenure, you can pay the entire borrowed amount in a single shot.

Total Convenience– The most convenient of all the loans is gold loan. This is because in this all you have to do is pledge your gold with a bank or a private finance institute and the work is done. You can get a loan up to 80% or more of its market value immediately.

Less processing time– No tedious and lengthy documentation is required in case of gold loans, hence it can be resorted to in times of urgent needs. Banks take a few hours in the processing of the gold loan whereas some NBFC’s state that they only take a few minutes for the same task.