Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Guna
Guna is a city located in Madhya Pradesh. It is known for its historical significance and educational institutions. Accessing quick funds is essential here, and the Gold Loan in Guna provides a reliable means to leverage gold assets for immediate financial needs. This loan option is especially beneficial due to its quick disbursal and flexible repayment terms. Gold loans have become increasingly popular in this region as they provide a practical solution for immediate financial needs without the extensive documentation and lengthy approval processes associated with traditional loans. By leveraging gold assets-often considered dormant wealth in Indian households-residents can access quick funds while retaining ownership of their precious possessions in the long term. Shriram Finance provides loans up to 75%* of the gold's market value for the Gold Loan ensuring substantial financial support. With interest rates starting from 10%*p.a. and flexible repayment options, this loan is particularly appealing for addressing financial emergencies. Shriram Finance's streamlined process and secure gold storage further enhance its appeal.
Features and Benefits of Gold Loans in Guna
Shriram Finance's gold loans in Guna come with an array of features designed to provide maximum convenience and financial flexibility:
Maximum Finance
Customers can secure a loan up to 75%* of their gold's current market value. This high valuation ensures that you receive adequate funds to address your financial requirements without undervaluing your precious assets. The valuation is conducted transparently, with certified appraisers determining the purity and weight of your gold using advanced testing methods.
Minimal Documentation
Understanding that extensive paperwork can be a deterrent in emergency situations, Shriram Finance has simplified the documentation process. Basic identity and address proofs are sufficient to initiate the loan process, eliminating the need for income proof, credit history verification, or complex financial statements that traditional loans might require.
Flexible Tenure
Financial needs and repayment capabilities vary greatly among customers. Recognising this diversity, Shriram Finance offers loan tenures ranging from 1 month to 12 months. This flexibility allows you to choose a repayment schedule that aligns perfectly with your financial situation and future cash flow expectations.
Low Rate of Interest
With interest rates starting from just 10%*p.a., gold loans from Shriram Finance are positioned as a cost effective borrowing option. This competitive rate structure makes it particularly attractive compared to unsecured loans, which typically come with significantly higher interest obligations.
Borrow Smartly
One of the most advantageous aspects of Shriram Finance's gold loans is that customers pay interest only for the period they utilise the loan. This feature is particularly beneficial for those who anticipate early loan closure, as it eliminates unnecessary interest expenses and optimises the cost of borrowing.
Quick Approval
Shriram Finance's accelerated approval process ensures that eligible applicants can receive loan approval quickly. This swift response can be crucial in time sensitive situations.
Gold Loan Interest Rates in Guna
| 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 Guna
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). Who Can Apply Eligible applicants include salaried individuals, self employed professionals, business owners, and other individuals. Age Applicants must be between 18* and 75* years old.
Step by Step Application Process for Gold Loans in Guna
The straightforward Gold Loan Application Process at Shriram Finance in Guna allows you to obtain 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 Guna
Gold Loan Customer Care in Guna
Toll Free
Gold Loan Status in Guna
Residents of Guna can leverage Shriram Finance's Gold Loan for their financial requirements. To monitor your application's progress, visit our website or contact our customer care team for immediate updates. By opting for Shriram Finance, you can enjoy a seamless financial experience tailored to meet your objectives in Guna.
Gold Loan FAQs
Can I apply for a gold loan online in Guna?
Yes, you can submit your application via our website or mobile app.
What is the interest rate on gold loans in Guna?
The interest rate starts at 10%*p.a. The final rate may vary based on the market value of the gold used as collateral.
What is the tenure for a gold loan in Guna?
You can select a loan tenure from 1 month to 12 months.
Can I get a gold loan for any type of gold in Guna?
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 Guna?
The loan amount is contingent upon the value of your gold. Loans up to 75% of the gold's value are available.
What documents are required to apply for a gold loan in Guna?
Typically, you need to provide 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 Guna?
Generally, prepayment penalties are not imposed. However, it is advisable to confirm the terms in your loan agreement.
How can I check the status of my gold loan application in Guna?
Following the registration process, our representatives will assess your profile and contact you regarding the status of your gold loan application.
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.
