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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

Obtaining a gold loan from IIFL requires meeting certain criteria and providing crucial gold loan documents to ensure a seamless and trouble-free borrowing process.

Gold Loan Eligibility Guidelines for IIFL Gold Loan

  • Age Requirement

    IIFL gold loan eligibility requires applicants to meet the age criteria, which mandates a minimum age of 18 and a maximum age of 70. This age range is designed to ensure that borrowers have the financial capacity to repay the loan within a reasonable timeframe.

  • Gold Purity

    As per the gold loan eligibility the gold offered as collateral must exhibit a minimum purity level of 18 carats. It's crucial to emphasise that the evaluation of the gold's value is determined solely by its weight, with no consideration for any diamonds, gemstones, or other adornments that may be present.

  • Form of Gold

    IIFL exclusively accepts gold jewellery as suitable collateral for its gold loans. Items such as gold coins or bars are not deemed eligible forms of collateral. This policy is in place to simplify the assessment and valuation process of the pledged gold.

  • Loan-to-Value Ratio

    Borrowers have the opportunity to access a loan amount of up to 75% of the appraised value of their gold. This loan-to-value ratio is strategically established to enable borrowers to tap into a substantial portion of their gold's intrinsic worth while maintaining a reasonable level of security for the lending institution.

IIFL Gold Loan Documents Required

In order to finalise the application procedure for an IIFL Gold Loan, potential borrowers are required to provide particular gold loan documents that act as evidence of their identity and residence. Here's a compilation of the documents required for gold loan:

Accepted Identity ProofAccepted Address Proof

Aadhaar Card

Aadhaar Card

Voter ID Card

Valid Driving Licence

Valid Passport

Voter ID Card

PAN Card

Valid Passport

Ration Card

Electricity Bill

These documents required for a gold loan play a crucial role in verifying the borrower's identity and address, thereby upholding transparency and security throughout the lending process.

Comprehending the eligibility criteria and mandatory documentation for an IIFL Gold Loan is essential for a successful loan application. By satisfying these prerequisites and furnishing the required gold loan documents, borrowers can tap into a valuable financial resource while utilising their gold assets to their advantage.

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.