IIFL Gold Loan

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IIFL gold loan is the simplest way to meet your monetary requirement. This financial company has added a remarkable number of customers, close to one hundred thousand in this category. The days when people had to wait relentlessly to go through a cumbersome process of getting a loan, have now passed away. Here comes a simple way to get financing for your business – IIFL (IndiaInfoline) gold loan is your one-stop shop for all financial needs.

You can find details about IIFL gold loan on Loanbaba.com, so keep a check on this page for further updated information.

IIFL Gold Loan Details Updated on 17th August 2019

Loan Amount

Rs. 3,000 to Rs. 10 lakhs

Loan Tenure

3 months to 11 months

Interest Rate

9.24%-24% p.a.

Achieve your immediate objectives while your gold stays in the safe hands; feel free to take advantage of every opportunity in the meanwhile. IIFL’s total base across all three ranks of cities - tier 1, 2 and 3. IndiaInfoline has even extended lending to all sorts of Micro, Small & Medium Enterprises (MSME's) which comprises of farmers, exporters, importers, and traders.

Why Choose IIFL Gold loan?

The IndiaInfoline has attractive offer on gold loan. It charges nominal rate of interest. The loan amount can be used for desirable purpose. Loan tenure is flexible and one can get maximum amount as per the gold weight. The procedure for loan sanctioning is transparent and the bank has helped several customers fulfil their financial needs with loan against gold.

Features of IIFL Gold Loan

  • Loan amount starts from Rs 3,000.00.
  • Competitive interest rates - 12% to 14%.
  • Tenure of the loan - 3 to 11 Months.
  • Renewal fees: As applicable.
  • Disbursal time - Approximately 30 minutes.
  • Carat required- 18 to 24 Ct.
  • Age Limit - Minimum 18 years to apply for the loan.

Why Apply for Gold loan on Loanbaba.com?

At Loanbaba, you can compare and apply for gold loans online. You can check out several gold loan schemes go through all their features such as quantum of loan, amount of loan, processing fees, interest rates, and other conditions, at one page. The application process is simple and easy, as you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.

IIFL Gold Loan Interest Rates

The IIFL Gold Loan interest rate charged is related to various factors. The interest rate per year is 9.24%-24%. The bank has the right to change its interest rates and borrowers have to clarify with the bank about the existing bank rate.

IIFL Gold Loan Eligibility Calculator

Gold loan eligibility may differ from one candidate to another. You can also use free-of-cost gold loan eligibility calculator at Loanbaba.com

Types of IIFL Gold loans

The bank has gold loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.

Gold loan IIFL FAQs

Below provided is important IIFL Gold Loan FAQs.

  • addFAQs
    1. What are the benefits of gold loan IIFL?
    2. All other loans may require you to produce salary slips and other certifications for verification purpose IIFL gold loan can be availed just for Gold over 18 carats. The loan amount is decided based on the value of gold as per the regulation of RBI (Reserve Bank of India). Their fire and theft proof vaults keep your gold insured and intact.

    3. What is the EMI pattern of gold loan IndiaInfoline?
    4. IIFL gold loan EMI is a fixed sum that you pay towards repayment of loan on a regular basis until your loan is fully paid off. Lowest EMI which you can pay to IIFL is Rs 9,645.00. In case of prepayment of the loan, you get the option to either keep the EMI same and lessen the loan tenure or to decrease the EMI and keep the same tenure.

    5. What are the charges for a loan against gold by IIFL?

    The Processing fee is - 0.15% (Minimum Rs 50.00) and Rs 500.00 MTM (Month to Month) charges. The Foreclosure charges are: if the loan is closed before 3 months: <1 Lakh = Rs 50, 1 to 3 Lakhs = Rs 100, >3 Lakhs = Rs 150.

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of IIFL.

IIFL Gold Loan Review

Gold Loan
star star star star star 15.0/5
IIFL provided me an instant response in regards to my Gold Loan application. The processing charges were minimal. It is a trusted service from their team.
Mumbai August 15, 2019
Gold Loan
star star star star star 14.0/5
My experience with IIFL for Gold Loan in Bangalore was a good one. My schedule was so hectic that I chose to apply online for the loan at loanbaba and was not disappointed by either of their service. Both loanbaba and Federal were professional in their service.
Mumbai August 14, 2019
Gold Loan
star star star star star 15.0/5
I had applied my Gold Loan in Mumbai at IIFL. I was in dire need of funds and fortunately got the loan amount soon.
Mumbai August 10, 2019
Gold Loan
star star star star star 15.0/5
I requested for Gold Loan in Ahmadabad from IIFL. At first there were some issues as their charges were increasing my expenses than expected, but worked out a solution to it. All thanks to their customer service.
Mumbai August 7, 2019

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