India Infoline Finance Limited (IIFL) Gold Loans
Overview
India Infoline Finance Limited (IIFL) offers gold loans to individuals who are in need of quick funds. These loans are secured loans where the borrower pledges their gold ornaments or jewelry as collateral.
Features of IIFL Gold Loans:
- Quick disbursal of funds
- Competitive interest rates
- Flexible repayment options
- No processing fees
- No hidden charges
Eligibility Criteria:
To avail a gold loan from IIFL, the borrower must meet the following criteria:
- Minimum age of 18 years
- Adequate gold ornaments for pledging
- Valid identification proof
- Proof of address
Documents Required:
- Identity proof (Aadhar card, PAN card, Passport, Voter ID, etc.)
- Address proof (Aadhar card, Passport, Utility bills, etc.)
- Proof of income (Salary slips, bank statements, IT returns, etc.)
- Gold ornaments for pledge
How to Apply:
Interested individuals can apply for a gold loan from IIFL by visiting their nearest branch or applying online through their official website.
Contact Information:
For more details about IIFL gold loans, you can contact them at:
- Customer Care Number: 180030001155
- Email: customercare@iifl.com
Frequently Asked Questions about IIFL Gold Loans
1. What is the maximum loan amount I can get with IIFL gold loans?
The maximum loan amount you can get with IIFL gold loans depends on the value of the gold you pledge as security. Generally, you can get up to 75% of the value of the gold as a loan.
2. What is the tenure of the gold loans offered by IIFL?
The tenure of the gold loans offered by IIFL can vary, but typically ranges from 3 months to 36 months.
3. What is the interest rate charged on IIFL gold loans?
The interest rate charged on IIFL gold loans can vary based on market conditions and other factors. It is advisable to check with IIFL for the current interest rates.
4. How do I apply for an IIFL gold loan?
You can apply for an IIFL gold loan by visiting any IIFL branch with the required documents and gold jewelry for pledging. You can also apply online through the IIFL website.
5. What documents are required to apply for an IIFL gold loan?
The documents required to apply for an IIFL gold loan typically include proof of identity, proof of address, and proof of ownership of the gold jewelry being pledged.
6. Can I repay the gold loan before the end of the tenure?
Yes, you can repay the gold loan before the end of the tenure. There may be prepayment charges applicable, so it is advisable to check with IIFL before making any early repayments.
7. What happens if I am unable to repay the gold loan on time?
If you are unable to repay the gold loan on time, IIFL may auction off the gold jewelry pledged as security to recover the loan amount. It is important to communicate with IIFL in case of any difficulties in repayment.
