What is a gold loan?
A gold loan is a type of secured loan in which you pledge your gold ornaments as collateral to the lender. It is a fast and convenient way to get access to funds when you need it most.
How do I apply for an IIFL Gold Loan?
You can apply for an IIFL Gold Loan online or visit any of our branches and fill out the application form with all the necessary documents. Once your eligibility has been verified, you can avail a loan against your pledged gold ornaments.
Is there any minimum amount required for availing a gold loan from IIFL?
You can avail a minimum loan of Rs.3000 or price of 1gm gold as of loan application date, whichever is maximum.
What is the tenure for IIFL Gold Loan?
The tenure of an IIFL Gold Loan can be either 12 months or 24 months, depending on your requirements.
Can I release my pledged gold before the repayment of the loan?
No, you can not release your pledged gold before the repayment of the loan, but you can avail the facility of part release by clearing all the interest dues and repaying the principal amount according to the gold released.
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