Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Eluru
Are you a resident of Eluru in need of a trustworthy and efficient way to access some additional funds? Do you possess gold assets that you would consider using as security in order to obtain a loan? Choosing a Gold Loan in Eluru from Shriram Finance presents a reliable and readily accessible pathway to unlock the financial potential held within your gold possessions, without the necessity of selling those cherished family items outright. Rather than making the often difficult decision to sell your precious gold jewellery or valuable gold coins, you can simply retain full ownership of those prized possessions while still making effective use of their inherent financial worth to address any immediate financial needs. Shriram Finance is there to help you with your finances by providing a Gold Loan.
Features and Benefits of Gold Loans in Eluru
There are numerous beneficial features and a wide range of significant advantages directly associated with choosing a gold loan with Shriram Finance in Eluru:
Get Good Value of Your Gold:
You can get a loan for up to 75% of what your gold is worth.
Competitive Interest Rates:
The interest rates start at just 10%* per year.
Pay How You Want:
You can choose how you want to pay back the loan, from monthly payments to one payment at the end.
Easy Application:
The process is simple and doesn't need much paperwork.
Only Pay for What You Need:
You only pay interest for the time you use the loan.
Fast Cash:
The loan is approved quickly, so you get your money without waiting.
Gold Loan Interest Rates in Eluru
| 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 Eluru
Proof of Address
Aadhaar Card, Passport, Driver's License, Voter ID, Gas Connection Card, Water Bill, Electricity Bill, Prepaid Mobile Bill, or Landline Bill.
Proof of Identity
Aadhaar Card, Passport, Driver's License, Voter ID, or PAN Card (If you don't have a PAN Card, you can submit Form 60). Age: Be between 18 and 75 years old. Who can apply? Anyone who has a job, is self employed, owns a business, or other individuals.
Step by Step Application Process for Gold Loans in Eluru
Getting a gold loan is easy with these 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 Eluru
Gold Loan Customer Care in Eluru
Toll Free
Gold Loan Status in Eluru
To check on your gold loan application, go to our website and enter your application number. Or, you can call customer care for updates.
Gold Loan FAQs
Can I apply for a gold loan online in Eluru?
Absolutely! Shriram Finance offers a convenient online application process for gold loans in Eluru. Visit our official website or download our mobile app to start your application. You can complete the entire process digitally, saving time and avoiding unnecessary branch visits.
What is the interest rate on gold loans in Eluru?
Our gold loan interest rates start from 10%* per annum. The final rate depends on the market value of the gold you pledge, the loan amount, and current market conditions. We offer transparent and competitive rates tailored to your specific financial needs.
What is the tenure for a gold loan in Eluru?
We provide flexible loan tenures ranging from 1 month to 12 months. Choose a repayment period that best suits your financial situation. You can also discuss prepayment or tenure extension options with our loan counsellors.
Can I get a gold loan for any type of gold in Eluru?
Shriram Finance accepts gold ornaments and coins between 18 to 22 carats. Our expert team will carefully evaluate the purity and weight of your gold to determine the loan amount you qualify for.
Is there a maximum or minimum limit for a gold loan in Eluru?
We offer loans up to 75% of your gold's current market value. The loan amount is directly linked to the quantity and quality of gold you pledge as security. Our transparent valuation ensures you get the maximum possible loan.
What documents are required to apply for a gold loan in Eluru?
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 Eluru?
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 Eluru?
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.
