Gold Loan
Fulfill all of your business or personal requirements instantly at Loanlion Gold Loan finance by pledging your gold jewellery. With Loanlion Finance Gold Loan online, you get industry-best benefits through our process designed to offer instant funds based on the value of your pledge gold. Our gold loan service is customer-oriented, and faster that ensures while applying for gold loan our customer do not have to go through lengthy and time-consuming gold loan application procedure.
Loanlion Finance loan against gold or jewel loan comes with the attractive, affordable and lowest interest rates to help you raise funds instantly. Our quick gold loan process is customised to offer unique, comprehensive and best gold loan features to cater to all of your capital needs.
If you are looking for a simplified and ideal way to raise funds, apply for an Loanlion Gold loan in India.
Gold Loan Benefits
The LoanLion Finance Gold finance company is a one-stop solution for all your capital needs. The easy gold loan process is designed to offer industry-best benefits to ensure you enjoy a hassle-free loan application and disbursal within few minutes of application. When you apply for an online gold loan with Loanlion Finance, you get the following unique benefits of Gold Loan:
Gold Pledged is Secured and Insured
Loan Approval in Few Minutes
Quick Loan disbursal
Meet your requirements with Minimum documentation
Why Avail a Gold Loan or Jewellery Loan from Loanlion Finance?
Loanlion Finance is a leading finance and investment service provider that provides a wide range of customised financial products and services. Loanlion Finance is one of the most preferred Gold Loan Financing Company in India. We have presence with more than 2,600+ branches in PAN India. Customer can submit online gold loan application form or directly visit to our nearest gold loan branch in your vicinity. Even Loanlion Finance has gold loans at home service operational in few cities for now and our digital channels makes the whole process quick and simple customer-oriented. As Loanlion Finance’s seedhi baat, or straight talk, approach ensures total transparency regarding the gold loan interest rate, processing charges and other terms and conditions on gold loan agreement. Moreover, the pledged gold jewellery is kept in secure vaults safely and is insured. So whenever you search for gold loan near me, we want you should think about us. We provide the best gold loan service in India that fulfill and helps our customer to acquire their financial need without any hassle.
How To Apply For Gold Loan
Walk into any Loanlion Gold Loan branch with your gold.
Provide your ID proof, address proof and gold to get an instant approval
Simple process and gold valuation ensures that you get the loan amount in your account or in cash
Gold Loan Eligibility Criteria
The eligibility criteria for gold loan at Loanlion Finance include:
- A person’s age must be a minimum of 18 years and maximum of 70 years
- A person must be a salaried, businessman, trader, farmer or self-employed professional.
- The gold kept as security should have a purity of 18-22 Carat
- The loan-to-value, or LTV, ratio is capped at 75%, meaning a maximum of 75% of the value of the gold will be given as loan.
Gold Loan FAQs
Gold Loans is known as jewellery loan wherein you, as a borrower pledges gold to a lender as collateral. It can be in the form of any kind of gold ornaments as long as it is within the range of 18-22 carats. The lender keeps the pledge gold (at times also referred to as gold mortgage loan) as collateral and provides funds based on the value of the gold, typically up to 75% of the Carat value and the current market value of domestic physical gold.
IIFL Finance, as one of India’s leading financial institutions, offers one of the best gold loans in India. Moreover, the interest rates on such loans vary and include a nominal processing fee on loan amount. The lender assesses a predetermined interest rate on the amount given as a loan and when the borrower repays the main amount of the loan plus the interest, the lender returns the gold jewellery held as collateral.
The eligibility criteria for loan against jewellery are as follows:
- You must be a salaried employee/businessman/businesswoman/trader/farmer or self-employed professional.
- You should be between the age of 18 to 70 years.
You can get a gold loan maximum up to 75% of the market value of your gold depending on the quality of the gold.
Yes, as the gold anyways sits in storage, it can be utilised effectively to meet your capital requirements by applying for a gold loan.
The gold loan is calculated based on the quality of the pledged gold and its market value in the domestic physical market. You can also use the gold loan calculator on IIFL Finance’s website to see how much loan you get against weight of the gold. You just have to enter the weight of the gold and the calculator will return the maximum amount you can borrow on it. The market value of the gold is calculated by taking 30 days average gold rate of 22 karat gold.
Yes, you can only pay the gold loan interest amount and can pay the principal amount later at the end of the loan tenure