Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Ambikapur
Are you a resident of Ambikapur and in need of urgent funds? Do you have gold assets that you could use to get your funds? You can take out a Gold Loan in Ambikapur with Shriram Finance and unlock the value held within your gold possessions. Rather than choosing to sell your cherished gold jewellery or coins, you can utilise their value to address your urgent financial demands. Shriram Finance is well known across India, offering accessible gold loan services starting at just 10%* p.a., tailored to meet your needs. Offering flexible repayment options and appealing interest rates, a Gold Loan in Ambikapur can be tailored to fit your specific circumstances. With a simplified loan application process, Shriram Finance makes access to the capital you require easier than ever.
Features and Benefits of Gold Loans in Ambikapur
Here are several appealing features and benefits that come with Shriram Gold Loans:
Flexible Tenure
Repay your loan at your convenience with a tenure ranging from 1 month to 12 months. This flexibility allows borrowers to align their repayment schedule with their income patterns and financial planning. For seasonal businesses common in Ambikapur, this adaptability proves particularly valuable during fluctuating revenue cycles.
Maximum Finance
You can secure a loan up to 75%* of your gold's market value, ensuring substantial financial support. This high loan to value ratio ensures that substantial funding is available when needed, whether for major expenses like education and medical treatments or investment opportunities in Ambikapur's growing local economy.
Low Rate of Interest
Interest rates start from 10%* p.a., offering a cost effective option. This competitive rate structure directly translates to lower monthly repayment obligations, making the loan more manageable across various income segments.
Minimal Documentation
The process involves minimal paperwork, ensuring a hassle free experience. Basic identity and address proofs are sufficient to initiate the loan process, eliminating the need for complex financial statements.
Borrow Smartly
Pay interest only for the period you use the loan, providing flexibility in repayment. This smart borrowing mechanism is particularly beneficial for borrowers who anticipate early loan closure, as it eliminates unnecessary interest expenses and optimises the cost of borrowing. For farmers or seasonal businesses in Ambikapur, this feature allows them to repay loans immediately after harvest or during peak business seasons without penalty.
Quick Approval
Enjoy fast and reliable loan approvals to meet your urgent financial needs. This quick response capability has proven invaluable for Ambikapur residents facing urgent medical expenses, educational fee deadlines, or time sensitive business opportunities.
Gold Loan Interest Rates in Ambikapur
| Type of Fees | Applicable Charges |
|---|---|
| Interest Rate | Starting from 10%* p.a. |
| Processing Fees | Up to 5% |
| Late Payment Fees | 36%* p.a. on the Overdue Amount |
| Foreclosure Charges | NIL |
How to Use the Gold Loan EMI Calculator
Loan
Loan Amount
₹5000
Interest Payable
₹ 42
Monthly EMI
₹ 5,042
Eligibility and Documentation Criteria for Gold Loans in Ambikapur
Proof of Address
Any one of the following: Aadhaar Card, Passport, Driver's License, Voter ID, Gas Connection Card, Water Bill, Electricity Bill, Prepaid Mobile Bill, or Landline Bill.
Proof of Identity
Any one of the following: Aadhaar Card, Passport, Driver's License, Voter ID, or PAN Card. (If you do not have a PAN Card, you can submit Form 60). Age Requirement: Applicants must be between 18 and 75 years* of age. Applicant Type: Individuals who are salaried, self employed, professionals, business owners, and others, are eligible to apply.
Step by Step Application Process for Gold Loans in Ambikapur
Securing a gold loan with Shriram Finance in Ambikapur is designed to be a quick, convenient, and transparent process, involving only four straightforward steps:
Step 1:
Register using your phone number.
Step 2:
Receive a verification call from them.
Step 3:
Visit their branch with your gold assets.
Step 4:
Complete verification and receive the loan amount.
Our Gold Loan Branches in Ambikapur
Gold Loan Customer Care in Ambikapur
Toll Free
Gold Loan Status in Ambikapur
Stay informed about the progress of your gold loan application every step of the way by visiting our website and entering your unique application reference number. Alternatively, you can contact our customer care team directly for real time updates and personalised assistance with your application.
Gold Loan FAQs
Can I apply for a gold loan online in Ambikapur?
Yes, you can apply for a gold loan online. Visit our website or mobile app to apply for Shriram Gold Loan.
What is the interest rate on gold loans in Ambikapur?
The interest rate starts from 10%* p.a. However, the final gold loan interest rates offered by the lender may depend on the market value of the gold pledged as security.
What is the tenure for a gold loan in Ambikapur?
You can choose a loan tenure starting from 1 month up to 12 months.
Can I get a gold loan for any type of gold in Ambikapur?
Shriram Finance provides gold loans for 18 to 22 carats gold ornaments and coins.
Is there a maximum or minimum limit for a gold loan in Ambikapur?
The loan amount will depend on your gold. Loans up to 75% of your gold value are offered.
What documents are required to apply for a gold loan in Ambikapur?
You typically need identity proof (Aadhaar Card/Passport/Driver's Licence/Voter ID/PAN Card), and address proof (Aadhaar Card/Passport/Driver's Licence/Voter ID/Gas Connection Card/Water Bill/Electricity Bill/Prepaid Mobile Bill/Landline Bill).
Are there any prepayment penalties on gold loans in Ambikapur?
Shriram Finance typically does not impose prepayment penalties on gold loans. This allows you to prepay your loan without incurring extra charges, potentially reducing the overall interest you pay. However, it's essential to confirm the specific terms and conditions in your loan agreement to ensure there are no prepayment penalties applicable to your loan
How can I check the status of my gold loan application in Ambikapur?
After completing the registration process, representatives will evaluate your profile and revert back to you regarding your gold loan.
Disclaimer
The information provided in this guide is for educational purposes only and should not be considered financial advice. Always consult with a financial advisor before making investment decisions related to fixed deposits or any other financial products.
