Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Datia
Datia is known for its historical significance and cultural heritage. For those in need of quick financial assistance, the Gold Loan in Datia offers a convenient solution. This loan allows individuals to unlock the value of their gold without parting with it, making it an attractive option for addressing financial emergencies. Shriram Finance has established itself as a trusted financial partner in Datia, offering gold backed loans designed to meet the diverse needs of local residents. Whether you're planning a family celebration, addressing medical emergencies, funding educational pursuits, or managing business expansion, a Gold Loan provides quick access to funds with minimal procedural complexities. Shriram Finance offers a hassle free experience with minimal documentation and quick approval. The loan tenure can range from 1 month to 12 months, allowing residents to manage their finances effectively. With competitive interest rates starting from 10%*p.a. and flexible repayment options, this loan is ideal for both personal and business financial needs.
Features and Benefits of Gold Loans in Datia
In Datia, Shriram Finance offers a Gold Loan with several attractive features:
Maximum Finance
You can secure a loan up to 75% of your gold's market value, ensuring substantial financial support. This loan to value ratio is in compliance with RBI guidelines while maximising the utility of your gold assets. For instance, if your gold is valued at ₹1,00,000, you could potentially access up to ₹75,000 as a loan, providing significant financial leverage during emergencies.
Minimal Documentation
The process involves minimal paperwork, ensuring a hassle free experience. Unlike traditional loans that require extensive paperworks, Gold Loans primarily focus on identity verification and the authenticity of the pledged gold. This simplified approach significantly reduces processing time and eliminates common barriers to loan approval.
Flexible Tenure
Repay your loan at your convenience with a tenure ranging from 1 month to 12 months. This flexibility allows you to manage your finances effectively without undue strain on your monthly budget.
Low Rate of Interest
Interest rates start from 10%*p.a., offering a cost effective option. The secured nature of these loans, with gold serving as collateral, allows for more favourable interest terms. These competitive rates make Gold Loans particularly attractive for addressing both personal and business financial requirements in Datia.
Borrow Smartly
Pay interest only for the period you use the loan, providing flexibility in repayment. You only pay interest for the actual period you utilise the loan funds, offering considerable savings if you choose to repay early. This feature is especially beneficial for seasonal businesses or individuals expecting incoming funds in the near future.
Quick Approval
Enjoy fast and reliable loan approvals to meet your urgent financial needs. This rapid response capability ensures that Datia residents can address time sensitive financial needs without unnecessary delays.
Gold Loan Interest Rates in Datia
| 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 Datia
Address Proof
Aadhar Card, Passport, Driver's License, Voter ID, Gas Connection Card, Water Bill, Electricity Bill, Prepaid Mobile Bill, or Landline Bill.
Identity Proof
Aadhar Card, Passport, Driver's License, Voter ID, or PAN Card (submit Form 60 if PAN Card is not available). Who Can Apply Eligible applicants include salaried individuals, self employed professionals, business owners, and other individuals. Age Applicants must be between 18* and 75* years old.
Step by Step Application Process for Gold Loans in Datia
The straightforward Gold Loan Application Process at Shriram Finance in Datia allows you to obtain 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 Datia
Gold Loan Customer Care in Datia
Toll Free
Gold Loan Status in Datia
Residents of Datia can leverage Shriram Finance's Gold Loan for their financial requirements. To monitor your application's progress, visit our website or contact our customer care team for immediate updates. By opting for Shriram Finance, you can enjoy a seamless financial experience tailored to meet your objectives in Datia.
Gold Loan FAQs
Can I apply for a gold loan online in Datia?
Yes, you can submit your application via our website or mobile app.
What is the interest rate on gold loans in Datia?
The interest rate starts at 10%*p.a. The final rate may vary based on the market value of the gold used as collateral.
What is the tenure for a gold loan in Datia?
You can select a loan tenure from 1 month to 12 months.
Can I get a gold loan for any type of gold in Datia?
Gold loans are available for 18 to 22 carats gold ornaments and coins.
Is there a maximum or minimum limit for a gold loan in Datia?
The loan amount is contingent upon the value of your gold. Loans up to 75% of the gold's value are available.
What documents are required to apply for a gold loan in Datia?
Typically, you need to provide identity proof (such as an Aadhar Card, Passport, Driver's License, Voter ID, or PAN Card) and address proof (like an Aadhar 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 Datia?
Generally, prepayment penalties are not imposed. However, it is advisable to confirm the terms in your loan agreement.
How can I check the status of my gold loan application in Datia?
Following the registration process, our representatives will assess your profile and contact you regarding 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.
