Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Bhilai
Gold loans offer a convenient way to access funds without parting with your valuable gold. Whether you need financial support for education, medical expenses, or business needs, leveraging your gold can be a smart choice. By pledging your gold, you can unlock the value of your assets and obtain the necessary funds without having to sell them. With Shriram Finance, getting a gold loan in Bhilai is easy and straightforward. The process involves minimal documentation, ensuring that you don't have to deal with extensive paperwork. This makes it quick and hassle free to apply for a loan. Additionally, Shriram Finance offers fast approvals, so you can access the funds you need without unnecessary delays. This is particularly beneficial in urgent situations where time is of the essence. Repayment flexibility is another key advantage of our gold loans. You can choose a repayment plan that suits your financial situation, making it easier to manage your loan. Interest rates start at 10%* p.a., ensuring that the loan remains affordable and cost effective. This competitive rate helps you save on interest costs, making it a financially prudent option. Explore how a gold loan from Shriram Finance can help you manage your financial needs efficiently. Contact us today to learn more about our gold loan offerings and how they can assist you in achieving your financial goals.
Features and Benefits of Gold Loans in Bhilai
In Bhilai, the features of gold loan provided by Shriram Finance are detailed as follows:
Flexible Tenure
Repay your loan at your convenience, with a tenure ranging from one month to one year. This flexibility allows you to choose a repayment period that best suits your financial situation and needs.
Minimal Documentation
A straightforward process requiring minimal paperwork. 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
Interest is applicable only for the period you utilise the loan. This means you only pay for the time you use the loan, helping you save on interest costs and manage your finances more effectively.
Quick Approval
Receive quick loan approvals with minimal documentation. Our streamlined approach ensures you receive the funds you need without unnecessary delays, making it ideal for urgent financial requirements.
Maximum Finance
Get a loan of up to 75%* of your pledged gold's market value. 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
Interest rates start at 10%* p.a. 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 Bhilai
| 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 Bhilai
Address Proof
Passport, Prepaid Mobile Bill, Aadhaar Card, Driver's License, Voter ID, Gas Connection Card, Water Bill, Electricity Bill, or Landline Bill.
Identity Proof
Aadhaar Card, Passport, Driver's License, Voter ID, or PAN Card (In case you do not have a PAN Card, you can submit Form 60). Age: 18* to 75* years. Who can apply? Salaried, self employed, self employed professionals, business owners, and other individuals.
Step by Step Application Process for Gold Loans in Bhilai
Their 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 their branch with your gold assets.
Step 4:
Complete verification and receive the loan amount.
Our Gold Loan Branches in Bhilai
Gold Loan Customer Care in Bhilai
Toll Free
Gold Loan Status in Bhilai
To check the status of your gold loan application, visit our website and enter your application reference number. You can also contact customer care for real time updates. Choose Shriram Finance and easily apply for a gold loan in Bhilai.
Gold Loan FAQs
Can I apply for a gold loan online in Bhilai?
Yes, you can apply for a gold loan online. Visit our website or mobile app to apply for Shriram Gold Loan.
What is the interest rate on gold loans in Bhilai?
The interest rate starts from 10%* p.a. However, the final gold loan interest rates offered by the lender may depend on the market value of the gold pledged as security.
What is the tenure for a gold loan in Bhilai?
You can choose a loan tenure starting from 1 month up to 12 months.
Can I get a gold loan for any type of gold in Bhilai?
Shriram Finance provides gold loans for 18 to 22 carats gold ornaments and coins.
Is there a maximum or minimum limit for a gold loan in Bhilai?
The loan amount will depend on your gold. Loans up to 75% of your gold value are offered.
What documents are required to apply for a gold loan in Bhilai?
You typically need identity proof (Driver's Licence/Aadhaar Card/Passport/Voter ID/PAN Card), and address proof (Aadhaar Card/Passport/Driver's Licence/Voter ID/Gas Connection Card/Water Bill/Electricity Bill/Prepaid Mobile Bill/Landline Bill).
Are there any prepayment penalties on gold loans in Bhilai?
Shriram Finance typically does not impose prepayment penalties on gold loans. This allows you to prepay your loan without incurring extra charges, potentially reducing the overall interest you pay. However, it's essential to confirm the specific terms and conditions in your loan agreement to ensure there are no prepayment penalties applicable to your loan
How can I check the status of my gold loan application in Bhilai?
After completing the registration process, representatives will evaluate your profile and get back to you regarding 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.
