Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Ernakulam
Ernakulam is a city of culture, commerce, and constant movement. When financial needs arise, leveraging your gold assets can be a smart way to secure funds without parting with them. Instead of selling your jewellery, you can use it as collateral to get immediate financial support. Shriram Finance offers a seamless borrowing experience with quick approvals, minimal paperwork, and flexible repayment options ranging from 1 month to 12 months. With competitive interest rates starting at 10%* p.a., you can access funds while retaining ownership of your gold. Explore the details ahead to understand how this loan can help you meet your financial goals.
Features and Benefits of Gold Loans in Ernakulam
Shriram Finance's gold loan features are explained below for customers in Ernakulam.
Minimal Documentation
Get funds with ease through a minimal documentation process.
Borrow Smartly
Interest is charged only for the duration you use the loan.
Flexible Tenure
Repay the loan whenever required, with a minimum term of one month and a maximum of one year.
Maximum Finance
Obtain up to 75%* of your pledged gold's market value as a loan.
Quick Approval
Benefit from a smooth and quick loan approval process with minimal paperwork.
Low Rate of Interest
Gold loan interest rates start from 10%* p.a.
Gold Loan Interest Rates in Ernakulam
| 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 Ernakulam
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 Ernakulam
Applying a gold loan can be achieved 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 Ernakulam
Gold Loan Customer Care in Ernakulam
Toll Free
Gold Loan Status in Ernakulam
Stay informed about your gold loan application progress by conveniently checking online with your reference number through our user friendly website interface. For immediate assistance and the most current information, please reach out to our responsive customer support representatives. For residents of Ernakulam interested in gold loans, Shriram Finance delivers a smooth and expedited application experience from start to finish. We ensure the safety of your gold with state of the art storage facilities and comprehensive insurance coverage. Our doorstep service allows you to complete the entire application process from the comfort of your home. Furthermore, we offer special schemes for regular customers, including preferential rates and expedited processing times.
Gold Loan FAQs
Can I apply for a gold loan online in Ernakulam?
Absolutely! Shriram Finance offers a convenient online application process for gold loans in Ernakulam. 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 Ernakulam?
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 Ernakulam?
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 Ernakulam?
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 Ernakulam?
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 Ernakulam?
You will need identity proof (Aadhaar Card/Passport/Driver's Licence/Voter ID/PAN Card) and address proof (Voter ID/Aadhaar Card/Passport/Driver's Licence/Utility Bills).
Are there any prepayment penalties on gold loans in Ernakulam?
Shriram Finance does not generally charge prepayment penalties. However, it is best to check your loan agreement for details.
How can I check the status of my gold loan application in Ernakulam?
Once your application is submitted, our representatives will assess it and notify you of the 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.
