IIFL Gold Loan

Gold Loan @ 7%

Apply & Get Instant Money

IIFL Gold Loan Key Features

IIFL Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
IIFL Gold Loan Interest Rate 7.0% per annum
IIFL Gold Loan Loan Per Gram Rate Per Gram Today is ₹ 5,268
IIFL Gold Loan Processing Fee 1.50% of the Principal Loan Amount
IIFL Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
IIFL Gold Loan Repayment Tenure 3 Months to 24 Months
IIFL Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

IIFL About IIFL Gold Loan

IIFL or India Infoline limited is a financial services company that is considered as a Non-Banking Financial Service. It is headquartered in Mumbai. IIFL provides funding and IIFL Gold Loan to people who seek for immediate money.

Gold that we use as an ornament can also be used to take a loan. Many people fear to deposit their gold in the bank but need not worry about your gold as it 100% secure. You can apply very quickly for a Gold Loan, and rate of interest for gold loan is the least in the market.

IIFL Gold Loan Interest Rates:

Loan against gold is available at a very reasonable rate of interest. The main reason behind low interest is that this type of loan comes under secured loans. The Rate of Interest does change after some time, but there are no such significant changes that have been noticed so far. Gold Loan is now available at 1% Rate of Interest per month.

IIFL Gold Loan Interest Rate is 7%

Offers quite low processing fee @ 0.85%

You can take Gold Loan for a minimum period of 6 months that can go maximum up to 5 years.

IIFL Gold Loan Eligibility:

It is easy to avail a gold loan. Keep the following things in mind to ensure yourselves whether you are eligible for a loan or not:

  1. A person with 10 grams of gold can avail loan
  2. The person availing loan must be a citizen of India and should not be below the age of 18
  3. There is no CIBIL Score checked so that anyone can go for it
  4. Only 18 karats and 22 karats of gold is accepted
  5. Gold must be in the form of an ornament; no biscuits or coins are acceptable for gold loan disbursal.

IIFL Gold Loan Documents Required

In this hassle-free process, all you need is these simple documents for your Gold Loan disbursal. Below are the documents that should be present at the time of a loan procedure:

  1. Two passport sized photographs
  2. Any ID proof like PAN card/Adhar Card/ Passport copy
  3. Residence proof (Any Utility bill/ Adhar Card/ Ration Card)

*Note: In case of women, banks can provide loan up to 1 Lakh without PAN card.

IIFL Gold Loan Features and Benefits

  1. Get loan approval in just 5 minutes
  2. Your gold is 100% secured with the banks
  3. Lower interest rates are available as compared to other schemes and offers
  4. Very less paperwork is into action while proceeding with the procedure
  5. The genuine and maximum value of your gold is given
  6. Disbursal of the loan in just 30 minutes

How to Apply for IIFL Gold Loan?

Now you can apply online for Gold Loan by sitting at your home with one click. All the services will be provided to you by our customer relationship managers who will help you choose the right type of loan for you with the right bank.

Just fill a simple form displayed on our website related to your details so that our customer care department can check your financial status and your eligibility for the loan that you have applied.

Our Customer Relationship Managers will contact you and allocate the right bank to you. The bank executives will arrive at your doorsteps to collect required documents from you. Only at the time of submission of gold you have to pay a visit to the bank, the rest will be taken care of by the bank’s executives.

FAQ’s about Gold Loan

What is Gold Loan Interest Rate formula?

The Gold Loan Interest Rate varies from bank to bank. Mainly, it depends on the amount of loan and LTV ratio of the gold.

What is IIFL Gold Loan Payment?

IIFL gives you a way to make your payments hassle-free with the help of online payment option.

How does Gold Loan work?

Gold Loan is simple to understand, as well as easy to avail. Just go to your bank from where wish to take the loan, keep your gold as a security with the bank and get hassle-free disbursal in less than one hour.

Is Gold Loan secured or not?

Everyone is worried when it comes to Gold Loan. So, you need not worry about it as your gold is 100% secured with us.

What if the person is not able to repay the amount of loan?

If the applicant is unable to return the loan amount at fixed tenure, the bank is liable to sell his gold.

What is the best online platform to avail gold loan?

BookMyLoans.in is the best platform to get a loan since being the first helpline for loans our executives will guide you in the right direction to avail loan.

Gold Loan Interest Rate of Major Banks


 Interest Rates

HDFC Bank Gold Loan

7.00% – 14.50%

ICICI Gold Loan

7.00% – 16.10%
Muthoot Finance Gold Loan

7.00% – 24.00%

Axis Bank Gold Loan

7.00% – 17.00%
Manappuram Gold Loan

7.00% – 26.00%

Yes Bank Gold Loan

7.00% – 15.99%
Bank of India Gold Loan

7.00% – 26.00%

Federal Bank Gold Loan 

7.00% – 13.50%
IIFL Gold Loan

7.00% – 12.00%

Central Bank of India Gold Loan

7.00% – 14.65%

Canara Bank Gold Loan

7.00% – 12.65%

Allahabad Bank Gold Loan

7.00% – 10.45%

Induslnd Bank Gold Loan

7.00% – 15.75%
PNB Gold Loan

7.00% – 11.75%

Bajaj Finance Gold Loan

7.00% – 26%
SBI Gold Loan

7.00% – 15.99%

Indian Bank Gold Loan

7.00% – 15.99%
UCO Bank Gold Loan

7.00% – 26.00%

Kotak Mahindra Bank Gold Loan

7.00% – 13.50%
Syndicate Bank Gold Loan

7.00% – 12.00%