Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Imphal East
Gold loan is a popular and convenient way to access quick funds in Imphal East. They offer Smart financial decisions begin with selecting the right lending partner. For residents in Imphal East seeking immediate funds, utilising gold assets has become an increasingly popular option. Whether you are planning a significant event or managing unexpected expenses, gold loans in Imphal East offer quick access to credit while ensuring your precious metals remain secure. Gold loans in Imphal East can be obtained from Shriram Finance with competitive interest rates, often starting from around 10%* p.a. These loans typically require minimal documentation and offer flexible repayment terms of up to 12 months, making the borrowing process efficient and accessible. This approach allows individuals to leverage their gold assets effectively, providing a convenient solution for both personal and financial needs.
Features and Benefits of Gold Loans in Imphal East
Features of a gold loan offered by Shriram Finance in Imphal East are:
Flexible Tenure Options
Pay your loan back whenever you want, but there is a minimum loan duration of 1 month. The loan tenure ranges from 1 month to 12 months, allowing you to align repayment with your cash flow situation. This flexibility is particularly valuable for seasonal businesses or those with irregular income patterns common in Imphal East.
Minimal Documentation
The application process involves minimal paperwork and is hassle free, typically requiring only basic identity and address verification. This streamlined approach eliminates the extensive documentation often required for other loan types, saving valuable time for borrowers with urgent financial needs.
Borrow Smartly
Pay interest only for the period the gold loan is used for, with options to make partial repayments that reduce your interest burden. This feature helps borrowers manage their finances more efficiently and potentially lower the overall cost of borrowing.
Quick Approval
Reliable and faster loan approvals with minimal documentation mean that funds can often be disbursed within hours of application. This rapid processing is invaluable during emergencies or time sensitive financial requirements.
Maximum Finance
Loans up to 75%* of your gold value are available, in accordance with RBI regulations, ensuring you get the maximum benefit from your pledged assets. Gold loans are offered for loan amounts of up to 75%* of the market value of the gold pledged as collateral or security, providing substantial liquidity against your assets.
Flexible Tenure
Interest rates start from 10%* p.a., making gold loans more affordable than many unsecured loan alternatives. The rate offered depends on factors including loan amount, tenure, and current gold market conditions.
Gold Loan Interest Rates in Imphal East
| 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 Imphal East
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 Imphal East
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 Imphal East
Gold Loan Customer Care in Imphal East
Toll Free
Gold Loan Status in Imphal East
To review the status of your gold loan application, kindly visit our website and enter your application reference number. For immediate updates, our dedicated customer care team is always available to assist you.
Gold Loan FAQs
Can I apply for a gold loan online in Imphal East?
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 Imphal East?
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 Imphal East?
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 Imphal East?
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 Imphal East?
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 Imphal East?
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 Imphal East?
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 Imphal East?
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.
