HomeBusinessHow to pay IIFL Gold Loan payment Online: Step by Step

How to pay IIFL Gold Loan payment Online: Step by Step

As one of the leading Non-Banking Financial Companies, IIFL offers a variety of financial products, including customized IIFL  gold loans and other products. IIFL has a presence in over 50 cities across India with 2,366 branches, allowing you to obtain a loan payment against your gold hassle-free. You can also be assured that your gold will be much safer in the burglary and fireproof IIFL vaults than in the home. One of the most interesting things about the IIFL Gold Loan is that you do not have to provide proof of your income to get the loan. You only need gold that is over 18 carats in purity. The company has been serving over 3.5 million customers, so you can be sure that it will fulfill any fund needs you may have.

Do you want to take out a loan against your gold ornaments so that you can get out of the financial crisis? You can consider IIFL Gold Loan payment services by Bajaj Finserv app your preferred option because of its amazing benefits and features. 

Here are the steps to pay the IIFL Gold Loan Payment Online 

Use an online payment system

It is possible to pay off your IIFL loan from anywhere at any time online. If you want to do this, you will need to go to the official website of Bajaj Finserv and see the Online Payment section there. Choose Loan repayment from the options, and provide your name, loan number, and due amount. After that, it is possible to pay using any payment method available on the website. 

Use an app for payment

The best way to pay IIFL gold loan is by using the Bajaj Finserv official mobile application. Bajaj Finserv Mobile application is available on Android and iPhone devices. The only thing that needs to be done is to download the app from the App Store, and then you can register yourself by submitting your Pan Card and Phone number.

Here are some of the things you can do with this application

  • Get a clear understanding of your account summary.
  • Obtain a complete statement of your loan account.
  • Pay the outstanding amount on the gold loan.
  • You can download your IIFL Gold Loan Payment slip.

Steps to apply for the IIFL Gold Loan

IIFL provides a fairly straightforward and transparent process for applying for the Gold Loan. The application process for an IIFL Gold Loan is as simple as filling out a few details. Here are the steps you can follow when applying for a gold loan.

  • Visit the official website of IIFL and go to the Gold Loan section.
  • On the website, you’ll find a form where you have to enter details that include your name, mobile number, the loan amount you require, and city of residence.
  • Once you have filled out all the details, click on the ‘Submit’ button, and you will receive a response from the IIFL team.
  • IIFL team will explain the scheme in detail and your requirements to make an informed choice.
  • After this, you must deposit your gold jewelry and ornaments at any IIFL branch near you. You will need a copy of your ID and proof of your address. 

In most cases, IIFL can approve a gold loan in five minutes, provided everything goes well. As a result, IIFL’s in-house valuation process will determine the overall value of your gold, and the subsequent loan amount will be disbursed in 30 minutes into your account.

Document Required 

Documentation plays a very significant role in both determining your eligibility for the Gold Loan and as well as authenticating your candidature as well. You may be concerned about the long, tiresome documentation process that you will have to accept at IIFL, but the IIFL Gold Loan documentation process is very simple. The documentation process is as easy as going to any Gold Loan branch. There are more than 900 IIFL branches in the country, and you can take a Gold Loan in any branch hassle-free manner. The documentation process can be carried out in various ways, including eKYC and Physical KYC. 

The eKYC process is conducted online. All you need is your Aadhar number for IIFL Gold Loan. The lender authenticates your Aadhar number through ETP or fingerprint scanning with UIDAI, which stands for Unique Identification Authority of India. You don’t have to submit any other documents after you have completed this online process if you want to get the IIFL Gold Loan. Aside from that, your loan process will be faster as the eKYC process will pre-fill your application form with your Aadhar information to speed up the loan processing.

Ghiselle Rousso
Ghiselle Rousso
I am a professional writer and blogger. I’m researching and writing about innovation, Blockchain, technology, business, and the latest Blockchain marketing trends.

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