Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Chandel
Gold loan in Chandel provide a convenient method to access funds without parting with your valuable gold. Whether you need money for medical emergencies, educational expenses, or business expansion, pledging your gold can provide immediate financial relief. In Chandel, availing of a gold loan with Shriram Finance is quick and simple. The loan process requires minimal documentation and offers flexible repayment options of up to 12 months, ensuring that you can manage your finances effectively. With interest rates starting at 10%* p.a., this option is efficient and cost effective. Discover how you can maximise the potential of your gold assets today.
Features and Benefits of Gold Loans in Chandel
Shriram Finance offers gold loans with a range of features designed to make borrowing both easy and convenient. The key features of these loans include:
Maximum Finance
Understanding the importance of adequate funding, Shriram Finance offers loans up to 75%* of your gold's market value. This loan to value ratio complies with regulatory guidelines while maximising the utility of your pledged assets. The valuation process employs standardised methods to determine the purity and market value of gold, ensuring fair and transparent assessments.
Borrow Smartly
Pay interest only for the period the gold loan is used for. This approach can result in significant savings for borrowers who can repay ahead of schedule. For instance, if you take a 12 month loan but repay it after 4 months, you'll only be charged interest for those 4 months rather than the entire year. This feature is particularly beneficial during harvest seasons or business upturns when additional income might facilitate early repayment.
Quick Approval
Reliable and faster loan approvals with minimal documentation. The efficient gold assessment protocols and streamlined documentation verification enable faster disbursements, typically processing applications within hours rather than days. This rapid response capability can be crucial in situations where timing makes a significant difference in outcomes.
Low Rate of Interest
Interest rates start from 10%* p.a. These favourable rates translate to reduced financial burden and more manageable repayment schedules for borrowers across various economic segments.
Flexible Tenure
Pay your loan back whenever you want, but there is a minimum loan duration of 1 month. The loan tenure ranges from 1 month to 12 months.
Minimal Documentation
The process involves minimal paperwork and is hassle free. This streamlined approach makes the services more accessible to a broader segment of the population, including those who might find complex documentation processes intimidating. By requiring only essential identity and address verification documents, the necessary compliance is followed while removing unnecessary obstacles from the borrowing process.
Gold Loan Interest Rates in Chandel
| 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 Chandel
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
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 Chandel
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 Chandel
Gold Loan Customer Care in Chandel
Toll Free
Gold Loan Status in Chandel
To track the status of your gold loan application, simply visit the Shriram Finance website and enter your unique reference number. For real time updates and any additional assistance, feel free to contact our dedicated customer care team. Apply for a gold loan with Shriram Finance in Bhavnagar today and experience a seamless and efficient borrowing process.
Gold Loan FAQs
Can I apply for a gold loan online in Chandel?
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 Chandel?
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 Chandel?
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 Chandel?
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 Chandel?
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 Chandel?
You typically need identity proof (Aadhaar Card/Passport/Driver's Licence/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 Chandel?
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 Chandel?
After completing the registration process, representatives will evaluate your profile and revert 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.
