IIFL Gold Loan Interest Rate – Complete Guide & Tips

Key Insights 

1. You can easily figure out your monthly payments with IIFL’s gold loan. For example, if you take a loan of ₹1,00,000 at 12% interest per year, you’ll pay ₹1,000 in interest each month.

2. You can get up to 75% of your gold’s value without a CIBIL check. Plus, you can use convenient doorstep service.

3. There are no charges if you pay off your loan early or make part-payments. Processing fees are capped at 2%, so your loan stays transparent and affordable.

If you want to know the monthly cost of your IIFL gold loan, this blog will help you. Find out the IIFL gold loan interest rate per month and see the flexible IIFL gold loan interest rate payment options available for 2024-25.

The IIFL gold loan interest rate helps you understand the total cost of borrowing by using up-to-date information, such as the current IIFL gold loan rate per gram today 22 carat. This makes it easier to plan your repayments with confidence.

I looked up the IIFL gold loan interest rate for 1 lakh. At 12% per year, my monthly IIFL gold loan interest payment was ₹1,000. This made it easy to understand and manage the loan.

Features and Interest Rate of IIFL Gold Loan

Gold loan kya hai? Mujhe isme kaun kaun se features milenge? Interest rate kya hoga?

Get quick cash with an IIFL Gold Loan. You can borrow a high amount for your gold, pick a repayment plan that works for you, and even get the service at your doorstep. All this comes with competitive interest rates.

Here is the table of the features and interest rate of the IIFL Gold Loan:
 

IIFL Gold Loan offers up to 75% loan-to-value and interest rates starting at 11.88%. It’s an easy way to get the funds you need without extra complications.

IIFL Finance Gold Loan Processing Fees & Charges

Get the funds you need with confidence. IIFL Finance keeps gold loan processing fees and charges clear, so you always know what to expect.

Here is the list of the fees and charges of the IIFL Finance Gold Loan:
 

IIFL Finance’s gold loan lets you pay in parts or close your loan early without extra fees. The terms are clear and designed to help borrowers get funds affordably.

Bonus Tip: Do you know? IIFL Gold Loan offer Gold Loans with competitive interest rates and low charges. The processing fee depends on the scheme you choose and can start at zero. The MTM (Mark-to-Market) charge is a fixed ₹500.

How to Apply for an IIFL Gold Loan?

You can turn your gold into cash from the comfort of your home. With IIFL Gold Loan, just apply, have your gold checked at your doorstep, and get your money quickly.

1. Start by visiting the official IIFL Finance website or downloading the IIFL Loans app to get started.
2. Go to the Gold Loan section and click Apply Now. Enter your name, mobile number, and city or PIN code to submit your application online.
3. An IIFL representative will call you to explain the loan options, answer your questions, and set up a time for your gold to be evaluated.
4. Bring your gold ornaments and KYC documents to the nearest IIFL branch, or use their doorstep service if it’s available in your area. The staff will check your gold with advanced karat meters to find its market value and tell you how much you can borrow, up to 75% of the value.
5. After your gold is checked and your documents are verified, your loan is usually approved within minutes. The money will be sent straight to your bank account.

IIFL makes it easy to get a gold loan. Start online, and our team will quickly value your gold and send the money straight to your account.

Conclusion

IIFL Gold Loan makes it easy to get cash when you need it, with interest rates from 11.88% per year and loans up to 75% of your gold’s value. You can apply online, enjoy doorstep service, and pay off your loan early without extra charges. It’s a quick and flexible way to handle urgent expenses.

FAQS
 

I took a gold loan from IIFL. Did I make a mistake? 

Deciding if taking a gold loan from IIFL was the right choice really depends on your own financial situation, what you need, and how you handle the loan. There are both advantages and disadvantages, so each person's experience can be different.

Is the gold loan interest rate with IIFL currently 0.90%?  

IIFL’s gold loan interest rate starts at 0.99% per month (11.88% per year), not 0.90%. The exact rate depends on the loan amount, tenure, and how often you repay. Some sources may list lower starting rates, such as 0.83%, depending on the specific scheme.

What is the gold loan rate nowadays?  

As of late 2025, gold loan interest rates at major banks usually fall between 8% and 10% per year. Some lenders, like Bank of India, offer rates as low as 7.8%, while others, such as IOB and IIFL, may charge up to 11-12%. Rates depend on the bank, the type of loan (EMI, bullet, or overdraft), and the loan amount. 

How do gold loans work, and what are the eligibility criteria?  

A gold loan lets you use your gold jewellery as security to borrow money. The lender checks the purity and weight of your gold, then offers a loan for up to 75% of its market value. You get your gold back after you repay the loan. Most people can qualify if they are at least 18, have valid ID and address proof, and own the gold. You do not need a high credit score to apply.

Is it possible to partially release my gold loan?

Yes, you can partially release your gold loan if you have repaid a portion of the loan amount that matches the value of the gold you want to release.
 

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About the Author

LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.