Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loan in Erode
In times of urgent financial need, a gold loan in Erode offers a convenient way to secure funds without selling your precious gold. At Shriram Finance, we provide quick approvals, minimal documentation, and flexible repayment tenures ranging from 1 month to 12 months. With competitive interest rates starting from 10%* p.a., our gold loan services are designed to meet your financial requirements with ease. Whether it's for personal needs, business growth, or unforeseen expenses, your gold can work for you. Keep reading to learn how a gold loan can be the right financial solution for you.
Features and Benefits of Gold Loans in Erode
Shriram Gold Loans come with numerous attractive features and benefits:
Minimal Documentation
Our gold loan process involves minimal paperwork, ensuring that you can access funds quickly and easily. This streamlined approach saves time and effort, making it ideal for urgent financial needs.
Borrow Smartly
Interest is charged only for the duration you use the loan, helping you save on costs. This feature is particularly beneficial if you require funds for a short period, as it minimises your overall loan expenses.
Flexible Tenure
Repay the loan whenever required, with a minimum term of one month and a maximum of one year. This flexibility allows you to align your loan repayments with your financial plans, providing peace of mind and reducing financial stress.
Low Rate of Interest
Gold loan interest rates start at 10%* p.a., making borrowing cost effective and affordable. This competitive rate helps you manage your loan costs effectively, ensuring that you can meet your financial obligations without undue strain.
Maximum Finance
Obtain up to 75%* of your pledged gold's market value as a loan. This ensures you get the best possible value for your gold while keeping it safe.
Quick Approval
Benefit from a smooth and quick loan approval process with minimal paperwork. Our efficient system ensures prompt access to funds when you need them most.
Gold Loan Interest Rates in Erode
| 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 Erode
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). Who can apply? Salaried, self employed, self employed professionals, business owners, and other individuals. Age: 18* to 75* years.
Step by Step Application Process for Gold Loans in Erode
Applying gold loan in Erode can be done 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 Erode
Gold Loan Customer Care in Erode
Toll Free
Gold Loan Status in Erode
To check the status of your gold loan application, visit our website and enter your application reference number. You can also contact customer care for real time updates on your loan processing status. By choosing Shriram Finance, you can enjoy a hassle free borrowing experience tailored to meet your financial goals in Erode.
Gold Loan FAQs
Can I apply for a gold loan online in Erode?
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 Erode?
The interest rate starts from 10%* p.a. However, the final jewel 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 Erode?
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 Erode?
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 Erode?
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 Erode?
You typically need identity proof (Voter ID/PAN Card/Aadhaar Card/Passport/Driver's Licence), and address proof (Aadhaar Card/Passport/Voter ID/Gas Connection Card/Driver's Licence/Water Bill/Electricity Bill/Prepaid Mobile Bill/Landline Bill).
Are there any prepayment penalties on gold loans in Erode?
Shriram Finance typically does not impose prepayment penalties on gold loans. This allows you to prepay your loan without incurring extra gold loan 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 Erode?
After completing the registration process, representatives will evaluate your profile and get 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.
