Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Balasore
In Balasore gold loans have emerged as a practical financial solution for both business owners and individuals. The city's growing manufacturing sector and trading community often require quick access to capital, making gold backed loans an attractive option. Shriram Finance serves the diverse financial needs of residents by offering gold loans in Balasore with competitive interest rates starting from 10%* p.a. With flexible tenure options ranging from 1 to 12 months, Shriram Finance demonstrates its deep understanding of local financial requirements. Shriram Finance's transparent process and quick approval make it a trusted choice for those seeking to leverage their gold assets effectively.
Features and Benefits of Gold Loans in Balasore
Shriram Gold Loans offer a variety of appealing features and advantages:
Maximum Finance
You can secure a loan of up to 75%* against the value of your gold. The financing is based on the current market worth of the gold you pledge as collateral. This high loan to value ratio ensures you receive the maximum possible amount from your gold assets when you need funds urgently.
Low Rate of Interest
Interest rates begin at just 10%* p.a. This competitive rate makes borrowing against your gold assets affordable and cost effective compared to unsecured personal loans and credit cards.
Flexible Tenure
You have the freedom to repay your loan at your convenience, with a minimum term of 1 month. The loan duration can extend from 1 month to 12 months, allowing you to align repayment with your cash flow and financial planning.
Minimal Documentation
The application process requires very little paperwork, ensuring a smooth experience. Just bring your identity proof, address verification, and your gold items to quickly initiate the loan process without delays.
Borrow Smartly
You only pay interest for the time you utilise the gold loan. This means you can repay early and save on interest costs, making it an economical option for short term financial needs.
Quick Approval
Enjoy reliable and expedited loan approvals with minimal documentation involved. Most loans are approved within hours, with funds disbursed on the same day, providing immediate relief for your urgent financial requirements.
Gold Loan Interest Rates in Balasore
| 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 Balasore
Address Proof
Voter ID, Gas Connection Card, Electricity Bill, Aadhaar Card, Passport, Driver's License, Water Bill, Prepaid Mobile Bill, or Landline Bill
Identity Proof
Driver's License, PAN Card (Form 60 accepted if no PAN), Voter ID, Passport, or Aadhaar Card Age: 18 to 75 years* Who can apply? Self Employed Professionals, Salaried, Other Individuals, Business Owners, Self Employed
Step by Step Application Process for Gold Loans in Balasore
The easy to apply process will help you get a gold loan quickly in 4 steps:
Step 1:
Register using your phone number.
Step 2:
Receive a verification call from them.
Step 3:
Visit the branch with your gold assets.
Step 4:
Complete verification and receive the loan amount.
Our Gold Loan Branches in Balasore
Gold Loan Customer Care in Balasore
Toll Free
Gold Loan Status in Balasore
To check your gold loan application status, visit our website and enter your application reference number. Our sophisticated online system provides immediate visibility into your application's current stage, allowing you to monitor the progress from submission to approval and disbursement. For those who prefer direct communication, our responsive customer care team is always available to provide detailed updates on your application status. Choosing Shriram Finance in Balasore ensures a seamless borrowing experience aligned with your financial goals. Throughout your loan tenure, our relationship managers maintain regular communication to ensure your experience remains positive and hassle free. From application to final settlement, Shriram Finance in Balasore remains committed to providing exceptional service and financial solutions that truly work for you.
Gold Loan FAQs
Can I apply for a gold loan online in Balasore?
Yes, applying for a gold loan is convenient through Shriram Finance's website or mobile application. The online process makes it easy to initiate your gold loan request.
What is the interest rate on gold loans in Balasore?
Interest rates begin from 10%* p.a. The final rate may vary based on the current market valuation of your pledged gold jewellery.
What is the tenure for a gold loan in Balasore?
Flexible loan tenures are available, ranging from a minimum of 1 month to a maximum of 12 months.
Can I get a gold loan for any type of gold in Balasore?
Shriram Finance accepts gold ornaments and coins ranging from 18 to 22 carats for loan purposes.
Is there a maximum or minimum limit for a gold loan in Balasore?
The loan amount correlates with your gold's value. Shriram Finance provides funding up to 75%* of the gold's assessed value.
What documents are required to apply for a gold loan in Balasore?
Required documentation includes: Identity proof: Choose from Aadhaar Card, Passport, Driver's License, Voter ID, or PAN Card Address proof: Options include Aadhaar Card, Passport, Driver's License, Voter ID, Gas Connection Card, Water Bill, Electricity Bill, Prepaid Mobile Bill, or Landline Bill
Are there any prepayment penalties on gold loans in Balasore?
No prepayment penalties are generally charged by Shriram Finance for gold loans. You can repay your loan ahead of schedule without additional charges, helping reduce your interest costs. Review your specific loan agreement for detailed terms.
How can I check the status of my gold loan application in Balasore?
Once you complete your registration, Shriram Finance's team will assess your application and contact you regarding your gold 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.
