Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Baripada
Baripada, known for its rich cultural heritage and growing commercial activities, presents unique opportunities for gold loan services. The city's residents, who have traditionally valued gold as a secure investment, can now transform their precious assets into immediate financial resources. Shriram Finance brings its expertise with customised gold loans in Baripada that cater to various financial needs. Shriram Gold Loan's straightforward application process and competitive interest rates starting from 10%* p.a. make it a preferred choice for residents seeking quick financial assistance. With flexible repayment options spanning from 1 to 12 months, Shriram Finance adapts to the diverse requirements of Baripada's community.
Features and Benefits of Gold Loans in Baripada
Explore the features and benefits that Shriram Gold Loans provide:
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. Our expert evaluators use advanced karat meters and density tests to determine the purity and exact weight of your gold, ensuring fair valuation.
Low Rate of Interest
Interest rates begin at just 10%* p.a. The specific rate is determined based on loan amount, tenure selected, and current market conditions, with transparent calculation methods explained during the application process.
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. You can choose between monthly interest payments with principal at maturity or structured EMI options based on your preference.
Minimal Documentation
The application process requires very little paperwork, ensuring a smooth experience. Standard KYC documents (Aadhaar, PAN, one address proof) along with the gold items are typically sufficient, with no income documentation or credit history verification required.
Borrow Smartly
You only pay interest for the time you utilise the gold loan. Interest calculation is done on a daily reducing balance, ensuring you benefit immediately from any partial prepayments made during the loan tenure.
Quick Approval
Enjoy reliable and expedited loan approvals with minimal documentation involved. Our standardised four step process includes application submission, gold assessment, loan offer acceptance, and disbursement, typically completed within 60 minutes at our branches.
Gold Loan Interest Rates in Baripada
| 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 Baripada
Address Proof
Electricity Bill, Landline Bill, Water Bill, Gas Connection Card, Prepaid Mobile Bill, Passport, Driver's License, Voter ID, or Aadhaar Card
Identity Proof
PAN Card (submit Form 60 if no PAN), Passport, Aadhaar Card, Voter ID, or Driver's License Age: 18 to 75 years* Who can apply? Business Owners, Self Employed Professionals, Salaried, Self Employed, Other Individuals.
Step by Step Application Process for Gold Loans in Baripada
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 Baripada
Gold Loan Customer Care in Baripada
Toll Free
Gold Loan Status in Baripada
Check the status of your gold loan application by visiting our website and entering your application reference number. For quick updates, contact customer care directly.
Gold Loan FAQs
Can I apply for a gold loan online in Baripada?
Yes, accessing a gold loan is simple through Shriram Finance's digital channels. Visit the official website or download the mobile app to begin your application.
What is the interest rate on gold loans in Baripada?
The base interest rate begins at 10%* p.a., and the final rate will be set according to your pledged gold's current market assessment.
What is the tenure for a gold loan in Baripada?
Choose a repayment duration that suits your needs, from as short as 1 month to as long as 12 months.
Can I get a gold loan for any type of gold in Baripada?
Shriram Finance provides loans against gold jewelry and coins with purity ranging from 18 to 22 carats.
Is there a maximum or minimum limit for a gold loan in Baripada?
Loan amounts are calculated at up to 75%* of your gold's evaluated worth, with the final figure depending on your pledged items.
What documents are required to apply for a gold loan in Baripada?
You will need to provide: Identity documentation: Any one from Aadhaar Card, Passport, Driver's License, Voter ID, or PAN Card Residence proof: Select from 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 Baripada?
Shriram Finance enables customers to close their gold loans early without penalty charges, helping reduce overall interest payments. Review your loan agreement for specific details.
How can I check the status of my gold loan application in Baripada?
After submitting your application, Shriram Finance's team will process your details and reach out regarding 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.
