IIFL Finance, a leading Non-Banking Finance Company (NBFC), is organizing a Gold Loan Mela in Delhi and Gurgaon from September 25 to September 28, 2024.
During this event, customers can avail of gold loans at an interest rate of just 1% per month and enjoy the added benefit of zero processing fees.
Gold loans are secured loans where individuals pledge their gold jewellery or coins to access funds quickly, making them a go-to option for those seeking immediate financial assistance.
Why Gold Loans are a Popular Choice
Gold loans offer several advantages over unsecured loans. They are easy to access, involve minimal paperwork, and typically have lower interest rates.
IIFL Finance aims to support individuals in need of quick financial help by providing these loans at affordable rates during the Gold Loan Mela.
Additional Benefits and RBI Update
In addition to competitive loan-to-value (LTV) ratios, IIFL Finance promises fast loan processing and the convenience of digital payments.
Customers can visit any IIFL Finance branch across India or apply online through the company’s website to avail of this service.
In related news, the Reserve Bank of India (RBI) has lifted its ban on IIFL Finance’s gold loan business, which was imposed on March 4, 2024.
The company is now permitted to approve and disburse gold loans again, ensuring compliance with high regulatory standards.
