Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Bhadrak
For residents of Bhadrak, where agriculture and small businesses form the economic backbone, gold loans provide a reliable pathway to access immediate funds. The city's traditional appreciation for gold as an asset makes it particularly suitable for gold backed financing solutions. Shriram Finance offers comprehensive gold loans in Bhadrak that align with the financial aspirations of Bhadrak's community. Through customer centric approach and flexible repayment terms, Shriram Finance has established itself as a dependable financial partner. With attractive interest rates beginning at 10%* p.a. and loan tenures extending up to 12 months, Shriram Gold Loan ensures that financial assistance remains accessible and affordable.
Features and Benefits of Gold Loans in Bhadrak
Discover the numerous attractive features and benefits of Shriram Gold Loans:
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. For example, gold jewellery worth ₹1,00,000 could qualify you for a loan amount up to ₹75,000, providing substantial financial support.
Low Rate of Interest
Interest rates begin at just 10%* p.a. This translates to approximately ₹833 monthly interest on a ₹1,00,000 loan, making it significantly more affordable than many alternative credit options.
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. This flexibility works well for seasonal businesses, educational expenses, or medical emergencies where repayment timing may vary.
Minimal Documentation
The application process requires very little paperwork, ensuring a smooth experience. Unlike traditional loans requiring income proof, bank statements, and credit history, gold loans primarily focus on the collateral value, simplifying the application process.
Borrow Smartly
You only pay interest for the time you utilise the gold loan. If you borrow for 12 months but repay in 3 months, you save 9 months of interest charges, optimising your borrowing costs.
Quick Approval
Enjoy reliable and expedited loan approvals with minimal documentation involved. While conventional loans may take days or weeks for approval, gold loans can be processed within 30 60 minutes, with funds transferred directly to your bank account.
Gold Loan Interest Rates in Bhadrak
| 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 Bhadrak
Address Proof
Prepaid Mobile Bill, Aadhaar Card, Electricity Bill, Landline Bill, Gas Connection Card, Water Bill, Voter ID, Passport, or Driver's License
Identity Proof
Passport, Driver's License, Voter ID, PAN Card (Form 60 if PAN unavailable), or Aadhaar Card Age 18 to 75 years*. Who can apply? Business Owners, Self Employed, Salaried, Other Individuals, Self Employed Professionals.
Step by Step Application Process for Gold Loans in Bhadrak
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 Bhadrak
Gold Loan Customer Care in Bhadrak
Toll Free
Gold Loan Status in Bhadrak
To check the status of your gold loan application, simply visit our website and input your application reference number. Alternatively, you can reach out to customer care for instant updates regarding the processing status of your loan.
Gold Loan FAQs
Can I apply for a gold loan online in Bhadrak?
Yes, you can easily initiate your gold loan application through Shriram Finance's digital platforms either the official website or mobile app.
What is the interest rate on gold loans in Bhadrak?
Gold loan interest rates start at 10%* p.a., with the final rate determined by the current market value of your pledged gold.
What is the tenure for a gold loan in Bhadrak?
Select your preferred repayment period, with options spanning from 1 month to 12 months.
Can I get a gold loan for any type of gold in Bhadrak?
Gold ornaments and coins with purity between 18 and 22 carats are eligible for loans at Shriram Finance.
Is there a maximum or minimum limit for a gold loan in Bhadrak?
Your loan eligibility extends up to 75%* of your gold's assessed value, with the final amount based on your pledged gold.
What documents are required to apply for a gold loan in Bhadrak?
Essential documents include: For identity verification: Submit anyone Aadhaar Card, Passport, Driver's License, Voter ID, or PAN Card For address confirmation: Choose 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 Bhadrak?
Shriram Finance maintains a customer friendly approach with no standard prepayment charges on gold loans. This allows early loan settlement without extra fees, potentially reducing your interest burden. Check your loan agreement for specific terms.
How can I check the status of my gold loan application in Bhadrak?
Following registration completion, Shriram Finance's representatives will evaluate and communicate the status of your gold loan application.
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.
