Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loan in Gorakhpur
Gold loans offer a convenient way to access funds without parting with your valuable gold. Whether you need financial support for education, medical expenses, or business needs, leveraging your gold can be a smart choice. In Ghaziabad, we at Shriram Finance make obtaining a gold loan straightforward and hassle free. Our process involves minimal documentation, ensuring that you don't have to deal with extensive paperwork. This simplicity is particularly beneficial when you need funds quickly and can't afford to wait for lengthy approval processes. One of the key advantages of a gold loan from us is the fast approval process. With a streamlined approach, you can get your loan approved in a short time, allowing you to address your financial needs promptly. This quick turnaround is essential for urgent situations, such as medical emergency or time sensitive business opportunities. We offer competitive interest rates starting at 10%* p.a., making the gold loan an affordable borrowing option. The low interest rates ensure that you can manage your repayments without straining your finances. This affordability is crucial for maintaining financial stability while meeting your immediate needs. The flexibility of repayment terms is another significant benefit of our gold loan. You can choose a loan tenure that suits your financial situation, with options ranging from 1 month to 1 year. This flexibility allows you to repay the loan at your convenience, without feeling pressured by rigid repayment schedules. Applying for a gold loan with us in Gorakhpur is simple. You can visit the nearest branch or apply online through our website. The online application process is user friendly and can be completed in a few easy steps. You'll need to provide basic information and documents such as ID proof, address proof, and details of the gold you wish to pledge. We also offer excellent customer support to guide you through the application process and answer any questions you may have. Our team is dedicated to ensuring that you have a smooth and hassle free experience from start to finish.
Features and Benefits of Gold Loans in Gorakhpur
In Gorakhpur, the features of gold loan provided by Shriram Finance are detailed as follows:
Flexible Tenure
Repay your loan at your convenience, with a minimum tenure of 1 month. You can choose a loan period ranging from 1 month to 1 year, allowing you to manage your finances effectively and according to your specific needs.
Quick Approval
Get your loan approved quickly with minimal paperwork and a reliable process. Our streamlined approach ensures you receive the funds you need without unnecessary delays, making it ideal for urgent financial requirements.
Maximum Finance
Borrow up to 75%* of the value of the gold pledged as collateral. This high loan to value ratio ensures you get the maximum possible funds based on your gold's worth, providing you with substantial financial support when you need it most.
Low Rate of Interest
Our interest rates start at 10%* p.a., making it an affordable borrowing option. Competitive rates ensure that your borrowing costs remain manageable, allowing you to access funds without the burden of high interest payments.
Minimal Documentation
Our process is straightforward, involving minimal paperwork for your ease. We understand the importance of a hassle free experience, so we keep documentation requirements to a minimum, ensuring a smooth and efficient loan application process.
Borrow Smartly
Pay interest only for the duration the loan is active, making it cost effective. This means you only pay for the time you use the loan, helping you save on interest costs and manage your finances more effectively.
Gold Loan Interest Rates in Gorakhpur
| 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 Gorakhpur
Address Proof
Passport, Prepaid Mobile Bill, Aadhaar Card, Driver's License, Voter ID, Gas Connection Card, Water Bill, Electricity Bill, or Landline Bill.
Identity Proof
Passport, Driver's License, Aadhaar Card, 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?: Self employed, self employed professionals, salaried, business owners, and other individuals.
Step by Step Application Process for Gold Loans in Gorakhpur
Their easy to apply process will help 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 Gorakhpur
Gold Loan Customer Care in Gorakhpur
Toll Free
Gold Loan Status in Gorakhpur
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. Choose Shriram Finance and easily apply for a gold loan in Gorakhpur.
Gold Loan FAQs
Can I apply for a gold loan online in Gorakhpur?
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 Gorakhpur?
The interest rate starts from 10%* p.a. However, the final gold 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 Gorakhpur?
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 Gorakhpur?
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 Gorakhpur?
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 Gorakhpur?
You typically need identity proof (Driver's Licence/Aadhaar Card/Passport/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 Gorakhpur?
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 Gorakhpur?
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.
