GOLD LOAN, GOLD LOAN TAKEOVER, BUSINESS LOAN & SME LOAN
- 08 Feb, 2017
What is a Gold Loan?
Gold loan or loan against gold is a secured loan in which a customer pledges his/her gold ornaments as collateral with a gold loan company. The company, in turn, gives a loan amount as per the market value of gold to the customer. It is a very quick and easy way of fulfilling one’s financial needs as compared to the other loans.
Why should I take a Gold Loan from IIFL?
The advantages of taking gold loan from IIFL include -
Faster and easier transactions
Interest rate @9.24% p.a. onwards
Quick disbursal of loan
Best value for gold in the market
Security and insurance of gold pledged
How is the market value of my gold jewellery/ornaments calculated?
The market value of your gold is calculated according to the per gram market rate of gold on the day of the loan application. If pledging gold ornaments or jewellery, only the parts that are gold are used to calculate the value; other metals, stones and gems are excluded from the calculations.