Gold loan in Amritsar
Gold holds both sentimental and financial value, making it a precious asset that many people prefer not to part with. Instead of selling your gold, you can use it to secure funds during urgent times. A gold loan in Amritsar is a straightforward and effective way to meet immediate financial needs, whether for education, medical emergencies, or personal expenses. At Shriram Finance, we understand the importance of quick access to funds. That's why we offer a streamlined loan processing system with minimal documentation requirements. Our flexible repayment options range from 1 to 12 months, allowing you to choose a plan that best suits your financial situation. Additionally, our competitive interest rates, starting from 10%* p.a., ensure that you get the best value for your gold. By opting for a gold loan, you can manage your finances efficiently without the need to sell your cherished possessions. Whether you need funds for a child's education, a medical emergency, or any other personal expense, a gold loan provides a reliable solution. At Shriram Finance, we are committed to helping you navigate your financial needs with ease and confidence. Explore how a gold loan can be a practical and beneficial option for you. With our customer centric approach, we aim to provide you with the support and flexibility you need during times of financial urgency. Trust Shriram Finance to help you unlock the value of your gold and secure the funds you need.
Features and Benefits of Gold loan in Amritsar
Explore the key features of Shriram Gold Loan, designed to offer financial flexibility and quick access to funds:
Minimal Documentation
Enjoy a hassle free process with minimal paperwork required for the loan application. This ensures that you can secure the funds you need without unnecessary delays or complications.
Flexible Tenure
You have the freedom to repay your loan within a flexible duration, with a minimum period of 1 month. Loan tenures range from 1 month to 1 year, allowing you to choose a repayment schedule that best fits your financial situation.
Borrow Smartly
Pay interest only at the time the gold loan is used, keeping the overall cost low. This feature ensures that you are not burdened with high interest payments, making it a cost effective borrowing option.
Quick Approval
Benefit from fast and efficient loan approval with minimal documentation required. This means you can access the funds you need promptly, which is crucial during times of financial urgency.
Maximum Finance
You can borrow up to 75%* of your pledged gold's market value. This allows you to unlock significant value from your gold assets, providing you with substantial financial support.
Low Rate of Interest
Interest rates begin at 10%* p.a., offering a competitive option for borrowers. This ensures that you get the best value for your gold while keeping your borrowing costs manageable.
Gold Loan Interest Rates in Amritsar
| 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 loan in Amritsar
Address Proof:
Aadhaar Card, Passport, Driver's License, Voter ID, Gas Connection Card, Water Bill, Electricity Bill, Prepaid Mobile Bill, or Landline Bill.
Identity Proof:
Aadhaar Card, Passport, Driver's License, Voter ID, or PAN Card (In case you do not have a PAN Card, you can submit Form 60). Who can apply? Salaried, self employed, self employed professionals, business owners, and other individuals. Age: 18* to 75* years.
Step by Step Application Process for Gold loan in Amritsar
Applying gold loan in Amritsar can be done quickly in 4 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 Amritsar
Gold Loan Customer Care in Amritsar
Toll Free
Gold Loan Status in Amritsar
Check the status of your gold loan application by entering your reference number on our website. For instant updates, connect with our customer care team. Apply for a gold loan in Amritsar with Shriram Finance now.
Gold Loan FAQs
Can I apply for a gold loan online in Amritsar?
Yes, you can apply for a Shriram Gold Loan online through our website or by using our mobile app.
What is the interest rate on gold loan in Amritsar?
Gold loan interest rates begin at 10%* p.a. The final applicable rate depends on the gold's market valuation.
What is the tenure for a gold loan in Amritsar?
You can choose a flexible loan tenure ranging from 1 month to a maximum of 12 months.
Can I get a gold loan for any type of gold in Amritsar?
Shriram Finance offers gold loan against jewellery and coins that are between 18 and 22 carats.
Is there a maximum or minimum limit for a gold loan in Amritsar?
The maximum loan amount is based on your gold's value, with up to 75%* financing available.
What documents are required to apply for a gold loan in Amritsar?
Applicants need to submit identity proof (Aadhaar Card/Passport/Driver's Licence/Voter ID/PAN Card) and address proof (Aadhaar Card/Passport/Driver's Licence/Voter ID/Utility Bills).
Are there any prepayment penalties on gold loan in Amritsar?
Shriram Finance does not usually impose prepayment penalties, but it is recommended to check your loan terms for details.
How can I check the status of my gold loan application in Amritsar?
Once your application is processed, our team will review it and provide updates on your loan status.
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.
