Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Dewas
Dewas is a city situated in Madhya Pradesh. It is recognised for its industrial activities and cultural heritage. For residents seeking quick financial solutions, the Gold Loan in Dewas provides an effective way to leverage gold assets. This loan option is especially beneficial as it does not require a good credit score or income proof, making it accessible to a wide range of individuals. Shriram Finance offers a seamless application process for the Gold Loan in Dewas, ensuring quick disbursal of funds. 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 minimal documentation required, this loan is ideal for those seeking immediate financial assistance.
Features and Benefits of Gold Loans in Dewas
Shriram Finance provides a Gold Loan in Dewas with several key benefits:
Quick Approval
Enjoy fast and reliable loan approvals with minimal documentation, ensuring you get the funds you need quickly. Most applications receive approval within hours rather than days, with fund disbursement often completed on the same day. This rapid processing is particularly valuable for urgent situations like medical emergencies or time sensitive business opportunities that cannot afford delays.
Flexible Tenure
Repay your loan at your convenience with a tenure ranging from 1 month to 12 months. This flexibility allows borrowers to align their repayment obligations with their income patterns, reducing financial strain and increasing the likelihood of timely repayments.
Low Rate of Interest
Interest rates start from 10%* p.a., offering a cost effective option. This favorable rate structure translates to lower overall borrowing costs, making gold loans an economically prudent choice for Dewas residents.
Borrow Smartly
You have the flexibility to pay interest only for the period the Gold Loan is used. This means borrowers who repay ahead of schedule benefit from reduced interest obligations, creating a financial incentive for early settlement while providing the flexibility to extend if needed.
Minimal Documentation
The process involves minimal paperwork, ensuring a hassle free experience. This approach not only expedites the process but also makes these loans accessible to individuals who might struggle with comprehensive documentation demands of conventional loans, including self employed professionals and small business owners.
Maximum Finance
Borrowers can access funds up to 75%* of their gold's market value, striking a balance between providing substantial financial support while maintaining a prudent margin to accommodate potential market fluctuations in gold prices. This approach protects both the borrower and the lender from possible volatility in gold valuations.
Gold Loan Interest Rates in Dewas
| 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 Dewas
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). Age Applicants must be between 18* and 75* years old. Who Can Apply Salaried individuals, self employed professionals, business owners, and other eligible individuals can apply.
Step by Step Application Process for Gold Loans in Dewas
The Gold Loan Application Process at Shriram Finance in Dewas is designed to be easy and efficient, helping 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 Dewas
Gold Loan Customer Care in Dewas
Toll Free
Gold Loan Status in Dewas
In Dewas, individuals seeking quick financial assistance can opt for Shriram Finance's Gold Loan. To track your application status, simply visit our website or contact our customer care for timely updates. With Shriram Finance, you can experience a streamlined financial journey designed to meet your goals in Dewas.
Gold Loan FAQs
Can I apply for a gold loan online in Dewas?
Yes, you can apply for a gold loan through our website or mobile app.
What is the interest rate on gold loans in Dewas?
The interest rate starts at 10%*p.a. The final rate offered by the financial institution may depend on the market value of the pledged gold.
What is the tenure for a gold loan in Dewas?
You can choose a loan tenure from 1 month to 12 months.
Can I get a gold loan for any type of gold in Dewas?
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 Dewas?
The loan amount depends on your gold's value. Loans up to 75% of the gold's value are offered.
What documents are required to apply for a gold loan in Dewas?
You typically need 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 Dewas?
Generally, prepayment penalties are not imposed. However, it is advisable to review your loan agreement for any specific terms.
How can I check the status of my gold loan application in Dewas?
After completing the registration process, our representatives will evaluate your profile and contact you regarding your application status.
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.
