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Take advantage of the value tied up in your gold by opting for an IIFL

Gold Loan


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Gold Loan Eligibility & Documents

Do you need a loan but don't want to wait for it? Or have you been rejected by other lenders due to your low credit score? Don't worry - IIFL Gold Loan can be the answer! Our gold loans are hassle-free and fast. We also offer competitive rates so that availing a loan is easier than ever. But before you apply for an IIFL Gold Loan, we suggest you check your eligibility and gather the necessary documents beforehand. To help make this process smoother, here is all the information regarding IIFL Gold Loan eligibility & documents requirements:

Eligibility Criteria and Documents Required for Gold Loan

In order to get an IIFL Gold Loan, you must meet certain criteria. This is because we need to ensure that the loan can be repaid without any difficulties. To this end, it is essential that you meet the eligibility criteria and provide all the necessary documents for your application.

Gold Loan Eligibility Guidelines for IIFL Gold Loan

  • You must be 18 years or older (up to 65 years)
  • The purity of the gold you provide should be 18 carats or above (diamonds, gemstones, etc., will not be considered contributors to the overall weight of gold)
  • The pledged gold should be in the form of jewelry. (coins, biscuits etc. are not accepted)
  • You can avail a maximum loan of 75% of the gold value.

IIFL Gold Loan Documents Required

Accepted Identity ProofAccepted Address Proof
Aadhaar CardAadhaar Card
Valid PassportValid Passport
PAN CardRation Card
Valid Driving LicenceElectricity Bill
Voter ID CardValid Driving Licence
Job card issued by NREGAVoter ID Card
Job card issued by NREGA

Gold Loan Eligibility FAQs

Is it possible to secure a gold loan without presenting a bill or invoice for the gold jewellery?

Indeed, obtaining a gold loan without providing a bill or invoice for the gold jewellery is feasible. IIFL primarily assesses the gold's purity and weight, making bills or invoices non-compulsory for the loan application.


Is a PAN card a mandatory requirement when applying for a gold loan?

Yes, a PAN card is one of the accepted identity proof gold loan documents necessary for a loan application with IIFL. It plays a crucial role in the documentation process.

Are there any penalties imposed for delayed interest payments?

Yes, IIFL may levy late payment charges in the event of interest payment delays. Borrowers are advised to adhere to the prescribed loan repayment schedule to avoid incurring such charges.


How much gold needs to be pledged for a gold loan?

The quantity of gold required for a gold loan depends on the loan-to-value ratio, which allows borrowers to access up to 75% of the appraised value of their pledged gold.

Who qualifies for a gold loan?

Individuals aged between 18 and 70, possessing gold jewellery with a minimum purity of 18 carats, and the necessary documents required for gold loan are eligible to apply for an IIFL Gold Loan.

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.