Gold loan For MSME
Har Business Ke Liye,
Gold loan Hai Taiyaar!
1 Cr.+
Happy Customers
3000+
Branches Nationwide
₹3,000/-
Minimum Loan Amount
Up to 85%
Maximum Value of Gold
RBI Regulated NBFC
- Customer rating,
1 Lac+ Reviews
Pledged gold is secured & insured
Zero Hidden Charges
30+ Years of Trust
Financial support is often a game-changer in the world of MSME businesses, where growth is the heartbeat of the economy. Enter gold loans—an age-old concept with a modern twist, offering entrepreneurs a unique avenue to fund their aspirations. Instead of traditional funding routes, envision unlocking the latent potential of your gold assets to infuse vitality into your MSME enterprise. It's a seamless integration of tradition and innovation, offering a strategic and accessible resource for entrepreneurs navigating the complex terrain of business finance.
So, whether you're a budding entrepreneur or an established player in the MSME arena, IIFL Finance's gold loan scheme for MSME paves the way for growth by combining simplicity, speed, and financial prudence. With IIFL Finance, the golden path to MSME success becomes not just a possibility but a tangible reality.
Features of Gold Loan For MSME
Empower your business with a seamless avenue for growth by unlocking the potential of your gold assets with MSME gold loans. It’s a swift, hassle-free financial solution offering multiple benefits.
Gold Pledged is
Secured and Insured
Loan Approval in
Few Minutes
Quick Loan
disbursal
Meet your requirements with
Minimum documentation
Only 1-time
branch visit
Hassle-free
Loan Processing
Gold Loan Interest Rates For MSME Business
Step into financial empowerment with IIFL Finance's loan on gold for MSMEs, featuring competitive interest rates and crafted with your growth in mind. Experience the perfect blend of affordability and accessibility, ensuring your business thrives without the weight of excessive financial strain.
-
Interest Rate
0.81% onward p.m.
(9.72% - 27% p.a.) Rates vary according to the loan amount and repayment frequency
-
Processing Fee
₹0 onwards
Varies depending on scheme availed
-
MTM Charges
₹500.00
Valuing an asset to reflect its current market rate
-
Auction Charges
₹1500.00
Overdue Notice Charges: ₹200
Gold Loan Repayment Options For MSME
IIFL Finance offers multiple secure and easy ways to make your gold loan payment online. You can choose any of the following options based on your preference:
Quick Pay Portal
Visit the IIFL Finance Quick Pay portal.
Enter your registered mobile number or loan account details.
Choose your preferred payment mode: net banking, debit card, or UPI.
Complete the transaction securely and receive instant confirmation.
IIFL Finance Loans Mobile App
Download the IIFL Finance Loans App from Google Play or the App Store.
Log in using your registered mobile number.
Select your gold loan account from the dashboard.
Enter the amount and make payment instantly using your preferred method.
Internet Banking / UPI Platforms
You can also make your gold loan repayment through Paytm, Google Pay, PhonePe, BHIM, or Mobikwik. Simply:
Open your preferred app.
Go to the “Loan Payment” section.
Choose IIFL Finance as the biller and enter your loan account number.
Confirm payment through your linked bank account or UPI ID.
Third-Party Portals (BBPS)
You can repay your gold loan through Bharat Bill Payment System (BBPS) using these steps:
Visit any BBPS-enabled platform.
Select the “Loan Repayment” option.
Choose IIFL Finance as the biller.
Enter your loan details and preferred payment mode.
Confirm payment and receive your digital receipt.
Offline Payment
Prefer to pay in person? You can visit the nearest IIFL Finance branch and make payment through cash, card, or cheque.
How to Apply Gold Loan For MSME
Applying for a Gold Loan with IIFL Finance is quick, simple, and convenient. You can start the process online or by visiting the nearest branch. With minimal documentation, transparent valuation, and instant approval, IIFL ensures a smooth borrowing experience, helping you access funds when you need them most.
Apply for a Gold Loan Online via Website
-
Fill the Online Form :
Submit your details online and book an appointment at your preferred branch.
-
Visit the Branch :
Walk in with the gold you want to pledge.
-
Submit Documents :
Provide your ID and address proof for verification.
-
Get Quick Approval :
Gold is evaluated on the spot and the loan is disbursed quickly.
Gold Loan Interest Calculator
- Choose Number of Jewellery
Select items and enter each jewellery weight and purity to compute total eligible loan.
- Set ROI & Frequency
Adjust annual interest rate and select interest payment frequency for instant estimates.
- Review Payable Amounts
See monthly interest, total interest payable, and total repayment in real time.
This is an indicative estimate, not a loan offer. Your final amount is set after we check your gold at the branch.
Important information
- This calculator gives an indicative estimate only. It is not a loan offer, approval or sanction.
- The final loan amount depends on the net weight and purity of your gold as assessed at the branch, after deducting stones, wax and other non-gold parts, and on our credit policy.
- Gold rates shown are indicative. For loan purposes, gold is valued as per RBI guidelines, at the lower of the previous day's closing price and the 30-day average closing price for 22 carat gold. This may differ from the rate shown.
- Loan-to-value (LTV) limits follow RBI guidelines: up to 85% for loans up to ₹2.5 lakh, up to 80% for loans above ₹2.5 lakh and up to ₹5 lakh, and up to 75% for loans above ₹5 lakh. For loans repaid in one go at the end (bullet repayment), LTV is calculated on the total amount due at maturity, including interest.
- The interest rate shown is for illustration. Your actual rate depends on the scheme, loan amount and tenure. Interest is shown as simple interest. Processing fees, GST and other charges are extra, as per our schedule of charges.
- If the loan is not repaid on time, penal charges may apply and the pledged gold may be auctioned after due notice, as per the loan agreement.
IIFL Finance Limited is registered with the Reserve Bank of India as a non-banking financial company. For complaints, see our grievance redressal policy.
Why avail Gold Loan For MSME from IIFL Finance?
In the world of finance, time is of the essence, and IIFL Finance recognizes this urgency. Their commitment to prompt services ensures quick loan disbursal, providing businesses with the timely infusion of funds they need. IIFL Finance stands out as a beacon of support for MSMEs through its gold loan offerings, and the magic lies in the streamlined MSME gold loan process designed for efficiency. What sets us apart is not just the speed, but also the attractive gold loan interest rates that make financial sense for MSMEs. We understand the delicate balance between affordability and growth, offering competitive rates that empower businesses without burdening them with unnecessary financial stress.
Features of Gold Loan for MSMEs
IIFL Finance have distinctive features for gold loans designed to meet the specific needs of MSMEs:
-
Quick Disbursal
Prompt financial assistance for MSMEs against their gold assets, ensuring minimal waiting periods and immediate access to capital.
-
Optimise Loan Amounts
Obtain the highest amount for pledged gold assets, facilitating increased financial support tailored to the unique needs of MSMEs.
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Secure Storage and Credible Insurance
Guarantee the safety of valuable assets through safe storage and reliable insurance, offering assurance and peace of mind for businesses and their stakeholders.
-
No Hidden Costs
Experience financial transparency with a clear fee structure, free from hidden costs. Every fee is communicated upfront during the application process.
-
Specialised Gold Loan Schemes
Tailored gold loan schemes designed to cater to the diverse and unique capital requirements of individual MSMEs, ensuring flexibility and support for their growth endeavours.
Eligibility Criteria For Gold Loan For MSME
The eligibility conditions for an Agriculture gold loan from IIFL Finance include:
-
An individual age should be between 18 years to 70 years
-
An individual should be salaried, businessman, trader, farmer or self-employed professional.
-
The gold purity must be 18-22 Carat
-
The loan-to-value ratio is capped at 75%, it means maximum of 75% of the value of the gold will be given as loan.
Documents Required Gold Loan For MSME Business
A gold loan borrower must submit a few documents as part of the Reserve Bank of India’s Know Your Customer (KYC) norms. Here is the list of documents:
-
Aadhaar Card
-
Valid Passport
-
PAN Card
-
Valid Driving Licence
-
Voter ID
Gold Loan for MSME Business FAQs
A gold loan for MSME is a financial product where MSMEs leverage their gold assets to secure quick and hassle-free funds for business growth.
There are Two options to get a gold loan for MSME at IIFL Finance
- You can apply online by logging onto the official IIFL Finance website and submitting the application form
- You can do it offline by visiting the nearest IIFL Finance branch. There are over 2800+ branches spread across India.
The interest rate of Gold Loan for MSME can vary from 9.72% to 27% p.a. depending on the loan amount and the repayment frequency.
Using a gold loan calculator is like a cakewalk. All you have to do is provide the weight of the gold (grams/kilograms) you need to pledge. The gold loan calculator on the IIFL Finance website will calculate it within seconds and tell you the loan amount that you can avail of.
You can either repay gold loan through any of the multiple mobile apps or visit your nearest IIFL Finance branch and make the payment.
IIFL Finance's MSME Gold Loan procedures are hassle-free and provide business owners with
- Hassle-free financial solution
-
Quick disbursal of the loan amount
-
Attractive and cost-effective interest rates
-
Flexible repayment options
Yes, gold loan can be closed anytime after the clearance of all dues, including interest, principal and any other applicable charges.
You can go through our website for any queries related to interest rate and eligibility, alternatively you can get in touch with customer staff by calling on 7039-050-000 for any types of gold loan queries
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