IIFL Gold Loan

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Unlock the Real Value of your Gold

Rates as low as 1% p.m.
Get Money in 30 Mins
Loan Amount Up to 1 Crore
Loan Tenure Up to 48 Months
Unbiased Experts Advice

About IIFL Gold Loan

India Infoline Finance Limited (IIFL) is a financial company headquartered in Mumbai. It was founded in 1995 as a private limited company under the provision of the companies act. Next, The company was shifted to a public limited company in the year 2007. Interestingly, IIFL ranks among the top 7 financial conglomerates in India. Furthermore, the company provides a wide range of financial products namely, Personal Loan, Gold Loan and many more. Finally, IIFL has an excellent reputation when it comes to the gold loan service.

Gold Loan is a secured service. In which the applicant has to put gold ornaments as security in the bank, to avail a loan against them. Also, after the repayment of the loan amount, the ornaments are returned to the customer in the same shape. If the loan seeker is unable to repay the loan amount, then gold ornaments are confiscated by the bank. Therefore, it is essential to choose the loan amount sensibly. Besides, people with weak CIBIL Score are also eligible for this service.

IIFL Gold Loan at a Glance
Interest RateStarts at 10.50%
Maximum – 24%
Gold Loan Per Gram₹1600 and ₹2000 depending on the purity of gold
Tenure3 to 11 months
Processing Fee1% + GST

IIFL Gold Loan Interest Rate

A Gold Loan can fulfil all your urgent short term and long term monetary requirements. The rate of interest that you will be charged with depends on the total loan amount as well as the quality/purity of the gold you are to keep as security with the bank. Gold Loan interest rates offered by the Bank are lower in comparison to other loans because it is a fully secured loan.

The Gold Loan interest rates in the Bank starts at 10.50% per annum.

The bank also charges some additional fees along with the rate of interest in some cases, which are :

  • Processing fee – 1% of the loan amount + GST
  • Documentation charges 
  • Gold Valuation charges
  • The bank charges no additional fees for part payment or the foreclosure of the Gold Loan.

Who all can apply for IIFL Gold Loan?

IIFL Gold Loan

To get an IIFL Gold loan, one has to fulfill the following eligibility criteria:

  1. First of all, gold should be in the name of the applicant or family member. That is, the gold ornaments which are on the name of the applicant or family member, the loan is approved only on those ornaments.
  2. Secondly, the customer applying for a loan should be a resident of India. Thus, the loan seeker should have the nationality of India.
  3. Thirdly, The age of the person should lie in between 18-70 years group. Therefore, anybody who does not fall in this category is not approved a gold loan.
  4. Next, the minimum loan amount is 18000 Rupees. And it can go up to 1 Crore depending upon the quality of gold.
  5. Last but not least, Gold Loan Interest Rates are quite affordable in comparison to other services.

IIFL Gold Loan Features

  1. Loan Amount: To begin, An applicant can avail maximum amount of Rs.1,00,00,000. But, it solely depends upon the quality and quantity of gold.
  2. EMI options: Secondly, Hassle-free payment of EMIs. That is, the people can structure the payment of a gold loan according to their need.
  3. Instant Liquidity: Moreover, Enjoy liquidity of cash at any time. Generate instant cash in time of need. Which is possible due to the facility of overdraft.
  4. Security: Furthermore, The bank provides the complete protection of the ornaments. Thus, you do not have to worry about the safety of their jewelry.
  5. Interest Rates: Also, Individual can get the advantage of a lower rate of interest.
  6. An advantage to the farmers: Finally, an applicant can also apply for a Gold loan on Agricultural Land on their name. And get a discount of 1% on the interest rate charged.

IIFL Gold Loan Calculator

IIFL Gold Loan Calculator helps people to know the amount of loan the bank will disburse to them. Through this calculator, one can estimate the amount of loan one can get. Steps IIFL follows to decide the loan amount are as follows:

  1. Purity of Gold: To begin, IIFL uses an in-house jeweler for accessing the actual purity of the gold. Thus, after the evaluation of the gold, the loan amount is decided by the banks. The banks provide around 75% of the value of gold as the loan amount.
  2. Weight of Gold: Also, the quantity of gold is another factor that decides the loan amount. But, the price of jewels and stones carved in the jewelry is excluded from the value of gold.
  3. Price of Gold: After evaluating the gold jewelry, IIFL multiples the quantity of gold with the gold rate to calculate the total value of the gold. As per the instruction of RBI, the average gold rate of past 30 days is considered as the rate of gold for calculation of the amount.
  4. LTV Ratio: After the calculation of the value of gold, IIFL applies an LTV of around 75% to calculate the final value of the loan amount.

IIFL Gold Loan Rate Per Gram

When it comes to a gold loan, people are generally concerned about the Gold Loan Per Gram. To get an IIFL Gold Loan an applicant should have at least 10 grams of gold. Following is the amount of loan that banks disburse on per gram of gold:

For 18 Carat Gold 

  1. Gold Loan Amount per 10 grams= Rupees 16,000.
  2. Amount of Gold Loan Per Gram= Rupees 1,600.

For 19 Carat Gold

  1. Loan Amount per 10 grams= Rupees 17,000.
  2. Gold Loan Per Gram= Rupees 1,700.

For 20 Carat Gold

  1. Loan against Gold Amount per 10 grams= Rupees 17,500.
  2. Gold Loan Per Gram= Rupees 1,750.

For 21 Carat Gold

  1. Gold Loan Amount per 10 grams= Rupees 18,500.
  2. Gold Loan Per Gram= Rupees 1,850.

For 22 Carat Gold

  1. Gold Loan Amount per 10 grams= Rupees 20,080.
  2. Gold Loan Per Gram= Rupees 2,080.

IIFL Gold Loan Documents Required

Applicant Identity Verification Documents can be amongst the below documents (ANY):

  1. Passport: Valid Copy of passport both front and last page.
  2. Voters ID card: Copy of Valid Voter Identity Card.
  3. Driving License: Copy of Driving license which is valid.
  4. Aadhar card: Copy of Aadhar Card with current information.

Applicant Address Verification Proof can be amongst the below documents(ANY):

  1. Passport: Valid Copy of passport both front and last page.
  2. Voters ID card: Copy of Valid Voter Identity Card.
  3. Driving License: Copy of Driving license which is valid.
  4. Aadhar card: Copy of Aadhar Card with current information.
  5. Utility Bills on the name of the applicant.
  6. Sales Tax Certificate.
  7. Rental Agreement.

Signature Verification Documents required are namely:

  1. Valid Copy Passport.
  2. Bank’s Verification Certificate.
  3. Cheque

For Farmers: Agriculture Land Proof.

Forms of Gold accepted by IIFL?

Bank provides loan on certain ornaments of gold. Following is the list that shows which ornaments banking institutions consider for a gold loan. And, which they do not.

  1. Gold Jewelry-  First of all, Bangles, Necklace, Earrings and any other type of jewelry.
  2. Gold Coins- Next, Not accepted for loan approval.
  3. Gold Bars- In addition, Loan is not given on gold bars.
  4. Gold Biscuits- Furthermore, in this case also loan is not approved.

IIFL Gold Loan Procedure

Online Process

The applicants have an option to apply easily at the comfort of their home. To do so, follow the steps:

  1. First of all, visit www.dialabank.com.
  2. Secondly, a borrower will have to submit an application form with all the current information.
  3. After this, our relationship managers will get back to you to guide you through the entire loan process.
  4. Then, all you have to do is to visit the bank for submission of documents and evaluation of the gold ornaments.
  5. Finally, the bank sanctions the loan to the applicant after checking the genuineness of the asset provided.
  6. The whole Gold Loan process takes approximately 45 minutes after the evaluation of the assets.

*Besides, you can directly call us on 95920-46860.

Another option, the loan seeker has an option to avail a gold loan from the nearby branch. To do this, search Gold Loan Near me on google. After this, Google will provide all the nearby branches that offer the service of a gold loan. You will have to visit the branch until the loan disbursal, thus is a tiring procedure in contrast to the online process.

IIFL Gold Loan Calculator

You also have an option to calculate the EMI before availing a loan. You can do so very quickly. Just click below and get to know the amount of the EMI you will have to manage.


*For any assistance regarding Gold Loan, call us on 95920-46860, our trained Relationship Managers will solve all your queries.

FAQ’s About IIFL Gold Loan

1. How does IIFL Gold Loan Work?

Gold Loan is very simple to understand as well as easy to avail. The IIFL provides you with funds against your gold Jewelry. The amount depends upon the gold weight.

2. IIFL Gold Loan is secured or not?

Yes, IIFL Gold Loan is secure it is necessary to note that the Gold Loan comes in the types of secured loan. Because in case of a loan on gold the applicant put their gold jewelry into the IIFL bank’s locker as security or as collateral.

3. When you don’t repay a Gold Loan amount?

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

4. To avail a loan on gold from IIFL Bank do I need a co-applicant?

No, to avail IIFL Gold Loan you don’t need any co-applicant.

5. Which is better Gold Loan or Personal Loan?

Most importantly you get at least 75% of their actual gold value as a Gold Loan amount. Next, the Gold loan application process takes only a few mins. Low credit score/CIBIL can even get Gold Loan. From here we can see that availing Gold Loan is a much better option than other loans.

6. What is the best online platform to avail gold loan?

Dialabank is the best platform to get a loan. Dialabank provides you hassle-free process as well as the lowest interest rate in the market as compared to others.

7. Is there any fee payable for the IIFL Gold Loan?

Yes, you have to pay the loan processing fee (non-refundable) as well as Valuation fee.

8. Can I foreclose the IIFL Gold loan earlier?

Yes. You can choose to foreclose the loan any time within 1 -2 months of availing the gold loan.

9. Does Gold loan affect CIBIL?

Paying regular EMIs of Loan on Gold give you higher points. 150 reward point when you repay your amount this helps to maintain your Credit Score/CIBIL. Thus taking a gold loan and repaying it on time will undoubtedly boost your credit score or CIBIL score.

10. How much Gold Loan can I get per gram in IIFL?

Gold Loan is a preferred option for any urgent monetary need. IIFL provides Gold Loan with instant approval and competitive interest rates for a loan tenure from 3 months to 11 months. The bank accepts gold of purity between 18K to 24K. The loan amount per gram in IIFL varies between ₹1600 and ₹2000 depending on the purity of your gold.

11. What is IIFL Gold Loan?

If you are looking for a quick way to avail financing than your search ends with IIFL Gold Loan. IIFL provides loans against gold ornaments at attractive interest rates with instant approval and disbursement in approximately 30 to 45 minutes. With IIFL you will be able to say “Hai Bharosa” for all your dreams to come true.

12. What is the Gold Loan interest rate in IIFL?

The IIFL Gold Loan interest rates start at 10.50% per annum. The maximum rate of interest charged is 24% per annum. These rates vary according to the amount and tenure of your loan.

13. How to pay IIFL Gold Loan online?

IIFL makes it convenient for you to repay your Gold Loan through a number of ways. You can pay online at IIFL’s digital payment portal through net banking and debit card or you can pay using IIFL Loans Mobile app.

14. How to apply Gold Loan in IIFL?

You can apply for IIFL Gold Loan by visiting the nearest IIFL branch and fulfill all your urgent money needs easily. With IIFL you can use your gold to avail a gold loan of up to 75% of your gold’s market value. The average disbursement time in IIFL is a measly 30 minutes and your gold is kept safely in the vault. You can also apply for IIFL Gold Loan online with Dialabank and get the best deals and offers with personalized assistance to walk you through the entire process.

15. How to renew IIFL Gold Loan online?

You can renew your IIFL Gold Loan by visiting the nearest branch with your documents. Your pledged gold will go through a revaluation process and renewal fee will be charged as applicable. You will be required to fill a simple renewal form and once everything is processed your loan will be renewed for a new tenure.

16. How to take Gold Loan from IIFL?

The Gold Loan process in IIFL is very simple and comes with a disbursement time of approximately 30 to 45 minutes. You simply have to visit the nearest branch with your gold and basic documents. The valuation of your gold will be carried out and depending on its purity the loan amount and rate of interest will be quoted. Once the loan process is complete your gold will be safely placed in a vault and the amount will be transferred to you. You can also apply online at Dialabank’s digital portal to avail personalized assistance.

17. What is Gold Loan in IIFL?

IIFL Gold Loan is an easy and quick way to avail financing. You can take a loan against gold within minutes to fulfill all your financial needs. The loan amount and interest rates are dependent on the purity of your gold and vary accordingly. IIFL provides Gold Loan with an LTV ratio of up to 75% of your gold’s market value.

18. How to get IIFL Gold Loan?

You can easily get an instant IIFL Gold Loan by visiting the nearest IIFL branch with your gold and KYC documents. You can alternatively apply online at Dialabank’s digital platform and get the best deals and offers and avail personalized assistance to help you through the entire loan process.

19. How to check IIFL Gold Loan status?

You can check your IIFL Gold Loan status online by login on to the official website of IIFL using your customer ID and password. You can also download IIFL Loans Mobile app on your phone and check your loan application status anytime.

20. How to close IIFL Gold Loan?

Before applying for the closure of your IIFL Gold Loan you need to make sure that you have zero pending dues. You can then visit the nearest IIFL branch with your loan documents and request for closure for your loan. They will check for overdue amount and charges if pending and once the formalities are done you will be handed over with your pledged gold.

21. How to renew IIFL Gold Loan?

The renewal process of IIFL is very simple, when the loan tenure is about to end, visit your loan branch and submit a renewal application. Your gold will then go through a revaluation on the basis of current market rates. Once the documentation process is completed your loan will be renewed for another tenure.

22. What happens if someone defaults IIFL Gold Loan?

If you default on your IIFL Gold Loan and do not pay your overdue amount even after the tenure or otherwise IIFL will issue a legal notice demanding the repayment. If the payments are still pending after a period of ten days IIFL will issue a public advertisement for the auction of your gold. In the event of any shortfall after the auction, the deficit amount is the liability of the customer and has to be paid by them.

23. How many branches of IIFL Gold Loan?

IIFL is present in over 2000 locations across India through which they provide Gold Loan services. You can easily walk into any of these branches with your gold to avail a Gold Loan. You can also visit Dialabank’s online portal and compare Gold Loan offers from different banks all over India.

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