Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold loan in Bhavnagar
Gold loans provide an efficient way to secure funds without selling your precious gold. Whether it's for medical emergencies, education, or business expansion, pledging gold can help you meet your financial needs instantly. They are a popular financial product because they allow you to leverage your gold assets without having to part with them permanently. This means you can access the funds you need while still retaining ownership of your valuable gold. The process is straightforward: you pledge your gold as collateral, and in return, you receive a loan amount based on the value of the gold. Shriram Finance ensures that the entire process is hassle free and transparent. Their customer care team is dedicated to providing you with all the information and support you need to make an informed decision. Whether you need funds for personal reasons or to support your business, a gold loan in Bhavnagar can be a reliable solution. Additionally, Shriram Finance offers competitive interest rates and flexible repayment terms, allowing you to choose a plan that best suits your financial situation. The minimal paperwork involved means you can get your loan approved and disbursed quickly, ensuring you have access to the funds when you need them most. Contact us today to explore how a gold loan can help you achieve your financial goals without the need to sell your precious gold.
Features and Benefits of Gold Loan in Bhavnagar
Shriram Finance provides gold loan with multiple features, making borrowing easy and convenient. Key features include:
Flexible Tenure
Repay your loan at your convenience, with a minimum tenure of 1 month. You can choose a loan period ranging from 1 month to 1 year, allowing you to manage your finances effectively and according to your specific needs.
Quick Approval
Get your loan approved quickly with minimal paperwork and a reliable process. Our streamlined approach ensures you receive the funds you need without unnecessary delays, making it ideal for urgent financial requirements.
Minimal Documentation
Our process is straightforward, involving minimal paperwork for your ease. We understand the importance of a hassle free experience, so we keep documentation requirements to a minimum, ensuring a smooth and efficient loan application process.
Borrow Smartly
Pay interest only for the duration the loan is active, making it cost effective. This means you only pay for the time you use the loan, helping you save on interest costs and manage your finances more effectively.
Maximum Finance
Borrow up to 75%* of the value of the gold pledged as collateral. This high loan to value ratio ensures you get the maximum possible funds based on your gold's worth, providing you with substantial financial support when you need it most.
Low Rate of Interest
Our interest rates start at 10%* p.a., making it an affordable borrowing option. Competitive rates ensure that your borrowing costs remain manageable, allowing you to access funds without the burden of high interest payments.
Gold Loan Interest Rates in Bhavnagar
| 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 Bhavnagar
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
Driver's License, Voter ID, Aadhaar Card, Passport, 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 Bhavnagar
Applying gold loan in Bhavnagar 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 Bhavnagar
Gold Loan Customer Care in Bhavnagar
Toll Free
Gold Loan Status in Bhavnagar
Track your gold loan application by visiting our website and entering your reference number. For real time updates, reach out to our customer care team. Apply for a gold loan in Bhavnagar with Shriram Finance today.
Gold Loan FAQs
Can I apply for a gold loan online in Bhavnagar?
Yes, you can conveniently apply for a Shriram Gold Loan online through our official website or mobile application.
What is the interest rate on gold loan in Bhavnagar?
Shriram Finance offers gold loan with interest rates starting at 10%* p.a. The final rate depends on the current market value of the pledged gold.
What is the tenure for a gold loan in Bhavnagar?
You can select a repayment tenure from 1 month up to 12 months, based on your financial needs.
Can I get a gold loan for any type of gold in Bhavnagar?
Shriram Finance provides gold loan for jewellery and coins ranging from 18 to 22 carats in purity.
Is there a maximum or minimum limit for a gold loan in Bhavnagar?
The loan amount is determined by the value of your pledged gold, with financing available up to 75%* of its market price.
What documents are required to apply for a gold loan in Bhavnagar?
You must provide 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 Bhavnagar?
Shriram Finance generally does not charge prepayment penalties. However, reviewing the loan agreement for specific terms is advisable.
How can I check the status of my gold loan application in Bhavnagar?
Once your application is submitted, our team will assess your details and update you regarding the status of your 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.
