IIFL Gold Loan


⍟  Highest Rate Per Gram
⍟  Lowest Interest Rate of 0.79% p.m.

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    IIFL Gold Loan

    IIFL Gold Loan Key Features

    Loan Amount
    Up to Rs. 1 Crore (With Income Proof)
    IIFL Gold Loan Interest Rate 0.79% per month
    IIFL Gold Loan Rate Per Gram
    Rs. 3351 per gram
    Gold Required Minimum 18 Carat
    Processing Fee Up to 1.50% of the Principal Loan Amount
    Repayment Tenure
    24 Months
    Repayment Scheme
    Bullet Payment Scheme, Overdraft Scheme, EMI options

    IIFL issues a Gold Loan per gram rate of Rs. 3351 in line with the current gold rate. The best IIFL Gold Loan Rate per gram is Rs.3351 for 22 Carat gold, measured at a maximum 75% loan to value, and the average gold price for the last one month for 22-carat is Rs.3351.

    • Reason: The IIFL gold loan provides customers with a convenient way to meet various personal needs such as weddings, education, and business expansion.
    • Minimum Loan Amount: Rs 3,000 is the minimum loan amount one can avail.
    • Maximum Loan Amount: Because it is a secured loan, the borrower can obtain a maximum of Rs 5 Lakhs on the IIFL gold loan.
    • Interest Rate: The interest rate on an IIFL gold loan begins at 0.79% per month.
    • Repayment Tenure: The period of repaying for an IIFL gold loan is up to 24 months.
    • Processing Fees: On an IIFL gold loan, the borrower does not need to pay any processing fees.
    • Prepayment penalties: There are no penalties on the prepayment of the IIFL gold loan.
    • Storage: The gold jewels provided to the bank as collateral are safely stored in the bank’s locker and can be retrieved after the loan is fully repaid.
    • Gold Loan Amount Per Gram: You can get up to Rs.3351 per gram as the best rate for your gold.

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    Each Feature Explained in Detail Below

    Introduction To IIFL Gold Loan

    IIFL Gold LoanIndia Infoline Finance Limited (IIFL) is a financial services company founded in 1996 as an equity research firm by Mr Nirmal Jain. The company now ranks among the leading financial services provider in the nation and has over 25+ years of industry experience.

    The company has three business verticals – IIFL Finance, IIFL Securities, and IIFL Wealth Management. IIFL has an excellent reputation when it comes to the gold loan service, as the company’s vision is to be the most respected financial services company in India. Not necessarily the largest or most profitable

    Gold Loan is a secured loan. 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 Scores are also eligible for this service.

    • IIFL Gold Loan Interest Rate is 0.79% per month.
    • IIFL Gold Loan Rate Per Gram is Rs.3351.
    • IIFL Gold Loan Tenure is up to 24 Months.
    • IIFL Gold Loan processing fee is up to 1.50% of the Principal Loan Amount.

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    Benefits of IIFL Gold Loan

    1. Loan Amount: The loan’s amount can vary from Rs.3000 to Rs. 5 lakh, and solely depends on the quantity and the quality of the gold.
    2. EMI options: Borrowers can pay their EMI’s through IIFL’s Loans mobile app, payments apps like Paytm or directly at IIFL’s physical branch.
    3. Instant Liquidity: Liquidate your gold instantly. Generate instant cash in time of need, by pledging it for a gold loan with IIFL.
    4. Security: IIFL provides complete protection of your ornaments. Thus, you do not have to worry about the safety of their jewellery.
    5. Interest Rates: A gold loan is secured and offers a lower interest rate when compared to other forms of credit.
    6. An advantage to the farmers: Farmers can get special benefits and a lower interest rate, showing proof of their agricultural land.

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    Advantages of IIFL Gold Loan

    The following are some of the benefits that a customer can obtain by pledging gold with an IIFL gold loan:

    • No-hassle in the application process
    • Minimal validation of documents
    • Appealing interest rates
    • Prompt disbursal of the loan amount
    • The standard loan amount is calculated based on the value of the gold
    • Your gold is securely stored

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    How to Apply for IIFL Gold Loan? 

    There are two ways to apply for a gold loan with IIFL, and they are as follows:
    • In-person/ Physical Mode:
      (i)   Visit your nearest branch of IIFL with Identity and address proof along with the gold that you are ready to pledge.
      (ii)  The Personnel present at the bank would verify and analyse the gold and inform you of the maximum loan amount you can avail of.
      (iii)  The counter staff will perform your eKYC on the tablet using your Aadhaar card number.
      (iv)  After the Authentication of your identity, address etc., is done, the loan amount would be disbursed to you.
    • Online:
      (i)   Visit IIFL official website.
      (ii)  Select “under loans’ from the top headers and then click “Gold Loan”.
      (ii)  Fill out the gold loan application form on the following page.
      (iv) An IIFL customer care executive would call you in the next two working days for further assistance.

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    How Much Gold Loan Can I Get Through IIFL?

    As per the latest gold prices, IIFL Gold Loan Rate Per Gram is Rs.3351

    IIFL Gold Loan Per Gram

    Rs.3351 per gram

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    IIFL Gold Loan Eligibility

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

    Age 18-75 years of age
    Nationality Indian
    Employment Status Salaried, Self-Employed
    Gold Quality Minimum 18 Carats
    CIBIL Score 500 and above

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    IIFL Gold Loan Documents Required 

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

    Photographs 2 Passport Size
    Identity Proof Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)
    Residence Proof Aadhar Card, Driving License, Ration Card, etc. (Only 1 is required)

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    IIFL Gold Loan Details

    To check Gold Loan Interest Rate for all major banks you can visit: Gold Loan Interest Rate

    IIFL Gold Loan Interest Rate Rs. 3351
    Processing Fee up to 1.50% of the Principal Loan Amount
    Prepayment/Foreclosure Charges 2%+GST
    Valuation Fee
    Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs
    Late Repayment Charges
    2% p.a. + Applicable rate of interest.
    Renewal Processing Fees
    Rs 350 + GST

    Types of IIFL Gold Loan

    • Loan Against Gold: Anyone can avail of a loan against gold by pledging his/her gold jewellery with the bank. The rate of interest offered is relatively low.
    • Loan for Agriculture purposes: is given to the borrowers who need a loan for agriculture purposes. To facilitate their work, IIFL offers the lowest rate of interest on gold loans.

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    Gold Loan Process:

    A gold loan involves the steps outlined below.

    Step 1: The purity of the gold is determined, and the loan amount is determined.

    Step 2: The market rate of gold per gram is checked, and the previous day’s rate is taken into account.

    Step 3: At this point, the loan to value (LTV) is determined. The RBI has set a maximum LTV value of 75%.

    Step 4: After you have agreed to the loan amount and terms, the lender will process your application. The processing fees and other charges would be deducted from the loan amount.

    Step 5: Following the signing of the final agreement, the gold loan amount is deposited into your account.

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    Applying through the Dialabank website?

    • Visit the website Dialabank.
    • Fill up the form of gold loan available on the website.
    • You will be contacted on your provided number by our relationship manager.
    • The relationship manager will help you with choosing the right loan option for yourself.

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    IIFL Gold Loan EMI Calculator

    • While going to avail a Gold loan, have to know that how much gold you need to carry to the branch for a particular amount.
    • Similarly, if you have got Gold jewellery, you’ll have to verify, what quantity loan to expect his straightforward calculator helps you to answer each the on top of queries and lets you opt for what quantity gold to require to the IIFL gold loan branch.
    • the simplest feature of the IIFL Gold loan is that you just needn’t pay mounted EMIs each month.
    • All you would like to pay is that the interest increased on your loan makes loan compensation versatile and straightforward.

    Rate of Interest 6 months 1 Yr 2 Yrs 3 Yrs
    7.00% 17008 8652 4477 3088
    8.00% 17058 8699 4523 3134
    8.50% 17082 8722 4546 3157
    9.00% 17107 8745 4568 3180
    9.50% 17131 8678 4591 3203
    10.00% 17156 8791 4614 3227
    10.50% 17181 8815 4637 3250
    11.00% 17205 8838 4661 3274
    11.50% 17230 8861 4684 3298
    12.00% 17254 8885 4707 3321
    12.50% 17279 8908 4731 3345
    13.00% 17304 8932 4754 3369
    13.50% 17329 8955 4778 3393
    14.00% 17354 8979 4801 3418
    14.50% 17378 9002 4825 3442
    15.00% 17403 9026 4845 3466

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    How to Pay Your IIFL Gold Loan EMI?

    Repayment of an IIFL gold loan can be made by way of EMIs and must be made through Electronic Clearing System or Automated Clearing House.

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    IIFL Gold Loan Contact Number

    For any sort of assistance regarding the IIFL gold loan, you can contact us on the number 9878981144

    What Types of Gold Can Be Used To Secure a Gold Loan?

    Bank provides loans 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, necklaces, earrings, and any other type of jewellery.
    2. Gold Coins- Next, Not accepted for loan approval.
    3. Gold Bars- Also, a loan is not given on gold bars.
    4. Gold Biscuits- Furthermore, in this case, also loan is not approved.

    gold loan

    How to Contact IIFL Gold Loan Customer Care?

    If you have any queries about the gold loan and want to contact IIFL customer service, you can do so by dialling 1800-267-3000 or 7039-050-000. The representatives over there will listen to your question patiently and resolve it as soon as possible. You can also visit the branch to get answers to your questions. You can also email your concern to gold-helpline@iifl.com.

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    Uses of IIFL Gold Loan

    • To finance personal expenses such as medical bills, tuition fees etc.
    • To finance business requirements.
    • IIFL Gold loan can also be used for agricultural purposes.

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    Why Should You Avail a Gold Loan From IIFL?

    • Branches across India
    • Over 3.5 million happy customers
    • The loan application process is completely transparent.
    • The security and insurance of the gold pledged by you is of utmost importance
    • The lender possesses a dedicated support team.

    How to Close my IIFL Gold Loan Account? 

    After three months, you can close your account by paying the entire amount plus interest to the branch office. If you close your account before three months, i.e., you pay back the loan amount before the tenure, you must pay a nominal closure charge of up to Rs.150. After three months, there are no closure fees.

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    FAQ’s About IIFL Gold Loan

    What is IIFL Gold Loan?

    IIFL Gold Loan is the best option if you are looking to liquidate your gold instantly. It 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.

    How Can I Get Gold Loan From IIFL?

    You can get a gold loan from IIFL with the following steps:

    • Fill in the form available on Dialabank.
    • Our expert relationship manager will get back to you on your number within 30 minutes.
    • We will evaluate your loan repayment capacity eligibility and suggest you the best options.
    • Submit your documents.
    • Enjoy the loan amount instantly in your accounts.

     How much Gold Loan Can I get per gram from IIFL?

    IIFL Gold Loan Rate Per Gram is Rs.3351, depending on the quality of your gold i.e (18-24 carats).

     How Does IIFL Gold Loan work?

    The IIFL Gold Loan is very simple to understand, as well as easy to avail. The IIFL provides you with funds for your gold Jewelry. The amount depends upon the gold weight which can be repaid within the tenure period.

    ✅ What is the Gold Loan interest rate in IIFL?

    IIFL Gold Loan Interest Rate is 0.79% per month

    How to check Gold Loan Status in IIFL?

    You can check your Gold Loan status in IIFL online by visiting the Bank’s online portal/ website and logging in with the credentials required to access your personal application status.

    How to Calculate Gold Loan Interest in IIFL?

    The gold loan interest rate in IIFL can be calculated by subtracting the principal amount from the total loan amount to be paid for the entire tenure. You can also check the EMI Calculator to know about your total payable amount.

    What is the maximum Gold Loan amount I can avail for my gold from IIFL?

    You can avail a maximum of up to 75% of your gold’s value which you have pledged with IIFL.

    What is the Loan Tenure of IIFL Gold Loan?

    The loan tenure of your IIFL gold loan is up to 24 months.

    How much Processing Fee is Applicable on IIFL Gold loan?

    A processing fee of up to 1.5% + GST.

    What are the Charges For Pre-payment in IIFL Gold Loan?

    The charges for pre-payment with IIFL gold loan is up to 1.5% of the outstanding loan amount.

    How to Renew IIFL Gold Loan Online?

    You can renew your gold loan online with IIFL by simply filling the renewal form available on the portal of IIFL, and once everything is processed, your loan will be renewed for a new tenure.

    How to pay IIFL Gold loan Interest Online?

    IIFL Gold loan interest can be paid online using various modes like the i-mobile app, m-banking, net banking, debit cards, etc.

    What if I can’t pay the Interest on IIFL Gold loan for 3 months?

    If you do not pay the IIFL Gold loan for 3 consecutive months the bank would warn you against further defaults. In case the defaults continue, the bank may have to sell your pledged gold ornaments.

    How can I apply for an EMI moratorium on an IIFL Gold loan?

    You can apply for an EMI moratorium with an IIFL Gold loan in 2 ways:

    • Fill a form online by logging in with your credentials.
    • Visit the branch near you and apply for the same by filling a form physically.

    How to pay an IIFL Gold loan through Credit Card?

    You are not eligible to pay your Gold loan through a credit card as per RBI Guidelines.

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     What happens if I am unable to repay my IIFL Gold Loan?

    If the customer is unable to repay any amount, maybe the interest/principal amount/ any other charges, post the completion of loan tenure, IIFL will send a legal notice to the customer and will give a slot of 8-10 days time to repay the total outstanding amount. If a customer fails to repay the amount even after the given time period, pledged gold articles will be sold by IIFL in a public auction as per their policy.

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