Your Trusted Partner for Gold Loans

IFL Finance Limited offers a secure and convenient gold loan service, trusted by many happy customers across the Delhi NCR region, Uttar Pradesh and Haryana at a starting interest rate of 0.99% per month (11.88% p.a.) and the highest per-gram valuation for your gold.
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Key Features and Benefits:
• Low Interest Rate: Interest starts at 0.99% per month (11.88% p.a.)*.
• Customized Solutions: We provide tailored gold loan options to meet your specific needs.
• Easy Access: With IFL Finance Limited branches "almost around the corner" in Delhi-NCR, Our gold loan solutions are always nearby.
• Flexible Repayment: There is no minimum period for repayment, the Customer can repay anytime and maximum period for repayment is one year.
• Smarter Interest : We only charge interest on your true outstanding balance.
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Product Details and Terms:
Feature Details
Loan Amount Starts from ₹3,000 to as per requirement/eligibility.
Loan Duration 12 months
Annual Interest Rates (APR, Min to Max) 11.88% - 30%
Processing Fee (Min to Max) As per scheme.
Interest Frequency Half yearly
Principal Repayment On Maturity

ELIGIBLE CUSTOMER
Any individual who is the lawful owner of the Gold Jewellery offered as security as per the declaration of ownership submitted by him and fulfilling the KYC norms of the company in compliance with the RBI guidelines



DOCUMENTATION
a) Loan Application (including Consent to obtain Aadhaar details for authentication with UIDAI for “eKYC” purpose)
b) Demand Promissory Note
c) Customer KYC Form
d) Loan Receipt
e) Pledge Slip
f) List of pledged Gold Ornaments
g) Terms and Conditions Letter, which also includes declarations and undertakings by the borrower and acknowledged by him and any other documents that may be specified by the Company.
h) Any one or more of the Documents specified by the company in compliance with RBI Circulars as address/ ID proof for completing the KYC of the customer.
i) Key Fact Statement (KFS)

EXAMPLE:
Lender: IFL Finance Limited
Borrower: Mr. Ram
Loan Type: Gold Loan
Sanction/Disbursement Date: 1 January 2025
Loan Tenure: 12 months
Maturity Date: Date Principal is Due 26 December 2025
Principal Amount (Sanctioned): INR 100,000
Rate of Interest (ROI): 11.88%
Interest Frequency: Half-yearly basis
Processing Fee (PF): 0.20% + GST
Processing Fee (Amount): INR 236
Net Disbursement: INR 99,764
1st Interest Payment: INR 5,940
2nd Interest Payment: INR 5,940
Principal Repayment: INR 100,000
Net Cash Outflow on Maturity: INR 105,940