Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Bankura
Turning your precious gold into an opportunity for growth has never been simpler. In Bankura, where tradition meets modern financial needs, residents are discovering the advantages of gold backed loans. Whether it's funding a small business expansion or managing medical expenses, gold loans in Bankura offer a pathway to meet your immediate financial requirements without compromising your long term security. Shriram Finance extends its gold loan in Bankura with attractive interest rates starting at 10%* p.a. Shriram Finance's commitment to quick processing and customer friendly terms ensures you can leverage your gold assets effectively when opportunities or requirements arise.
Features and Benefits of Gold Loans in Bankura
Shriram Gold Loans offer a variety of appealing features and advantages:
Quick Approval
Receive expeditious and dependable loan approvals with reduced documentation requirements. In most cases, loans are processed within hours rather than days, allowing you to address urgent financial matters promptly. This swift processing is particularly beneficial for business owners facing time sensitive opportunities or families dealing with emergencies.
Low Rate of Interest
Interest rates for Shriram Gold Loan commence at 10%* p.a., making gold loans an affordable financing option compared to personal loans or credit card advances. This competitive rate structure helps minimise your repayment burden while maximising the utility of your gold assets.
Maximum Finance
Obtain financing equivalent to 75%* of the present market valuation of your pledged gold. This loan to value ratio is regulated by the Reserve Bank of India to ensure fair practices across the industry while providing substantial liquidity against your assets.
Borrow Smartly
Pay interest exclusively for the duration in which the gold loan is utilised. This unique feature allows you to manage costs effectively-if you repay early, you save on interest expenses. This flexibility is especially valuable for seasonal businesses or temporary cash flow needs.
Minimal Documentation
The application procedure necessitates limited paperwork, facilitating an efficient process. Unlike conventional loans that may require income proof, business documentation, and credit history verification, gold loans primarily focus on the authenticity and purity of your gold assets, making them accessible to a broader segment of Bankura residents.
Flexible Tenure
Exercise the option to repay your loan as per your preference, with durations spanning from 1 month to 12 months. This adaptability allows you to align repayment schedules with your income patterns or business cycles, ensuring comfortable loan management without financial strain.
Gold Loan Interest Rates in Bankura
| 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 Bankura
Address Proof:
Water Bill, Voter ID, Gas Connection Card, Driver's License, Passport, Aadhaar Card, Electricity Bill, Landline Bill, or Prepaid Mobile Bill
Identity Proof:
Aadhaar Card, Passport, Driver's License, PAN Card (Form 60 accepted if no PAN), or Voter ID Who can apply? Business owners, other individuals, salaried, self employed, and self employed professionals. Age: 18 to 75 years*
Step by Step Application Process for Gold Loans in Bankura
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 Bankura
Gold Loan Customer Care in Bankura
Toll Free
Gold Loan Status in Bankura
Staying informed about your application progress is important. To check the status of your gold loan application, visit our website and enter the application reference number provided to you during registration. The online status tracking system offers real time updates on your application journey. For immediate status information or clarification on specific details, you may contact our customer care through the toll free numbers listed above. Our representatives have access to comprehensive application data and can provide detailed insights into your current status.
Gold Loan FAQs
Can I apply for a gold loan online in Bankura?
Yes, you can apply for a gold loan online. Visit our website or use our mobile app to apply for Shriram Gold Loan.
What is the interest rate on gold loans in Bankura?
Interest rates begin at 10%* p.a. The final rate will be based on the market value of your pledged gold.
What is the tenure for a gold loan in Bankura?
Choose a loan tenure between 1 month and 12 months.
Can I get a gold loan for any type of gold in Bankura?
Shriram Finance offers loans for gold ornaments and coins between 18 and 22 karats.
Is there a maximum or minimum limit for a gold loan in Bankura?
Your loan amount will be calculated based on your gold value, with loans available up to 75% of the assessed value.
What documents are required to apply for a gold loan in Bankura?
You'll need: Identity proof (Aadhaar Card, Passport, Driver's License, Voter ID, or PAN Card) Address proof (Aadhaar Card, Passport, Driver's License, Voter ID, Gas Connection Card, Water Bill, Electricity Bill, Mobile Bill, or Landline Bill)
Are there any prepayment penalties on gold loans in Bankura?
No prepayment penalties apply at Shriram Finance. You can repay your loan early without extra charges, helping reduce your interest payments. Check your loan agreement for specific terms.
How can I check the status of my gold loan application in Bankura?
After registration, our representatives will review your profile and contact you about 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.
