Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loan in Jabalpur
When you need urgent funds, your gold jewellery can be the key to quick financial support. A gold loan in Jabalpur from Shriram Finance allows you to access cash without selling your precious assets. With competitive interest rates starting at 10%* p.a. and loan tenures ranging from 1 to 12 months, you can choose a repayment plan that suits your needs. Whether for medical expenses, education, or business growth, our straightforward loan process ensures minimal paperwork and swift disbursal. This means you can get the funds you need quickly and without hassle. The minimal documentation required simplifies the process, making it ideal for urgent financial situations. By leveraging the value of your gold, you can access up to 75%* of its market value as a loan. This high loan to value ratio ensures you get the best possible value for your gold while keeping it safe. The flexibility of our loan tenure allows you to repay the loan at your convenience, without feeling pressured by rigid schedules. Our competitive interest rates make borrowing cost effective and affordable. The attractive rates ensure that you can manage your loan costs effectively, meeting your financial obligations without undue strain. By choosing a gold loan from Shriram Finance in Jabalpur, you can leverage the value of your gold to meet your financial needs without parting with your valuable assets.
Features and Benefits of Gold Loans in Jabalpur
The following information outlines the features of gold loan offered by Shriram Finance in Jabalpur.
Flexible Tenure
With Shriram Finance in Jabalpur, you can enjoy a flexible repayment period starting from one month up to one year. This flexibility allows you to choose a repayment plan that best suit your financial situation. Whether you need a short term loan to cover immediate expenses or a longer term loan for more significant financial commitments, you can tailor the repayment schedule to your needs. This ensures that you can manage your repayments comfortably, without feeling pressured by rigid schedules.
Maximum Finance
You can borrow up to 75%* of your gold's market value. This high loan to value ratio ensures you get the best possible value for your gold, providing substantial funds based on its worth. Whether you need money for medical expenses, education, or business growth, this feature offers the financial flexibility you need. By leveraging the value of your gold, you can access a significant amount of funds without having to sell your precious assets.
Low Rate of Interest
Shriram Finance offers competitive interest rates starting from 10% per annum. These low rates make borrowing cost effective and affordable, helping you manage your loan costs without undue strain. The attractive interest rates ensure that you can repay the loan comfortably, making it easier to meet your financial obligations. This affordability is crucial for maintaining financial stability while addressing your immediate needs.
Minimal Documentation
The loan process is designed to be hassle free, requiring only basic paperwork. This minimal documentation ensures that you can access funds quickly and easily, making it ideal for urgent financial needs. You won't have to deal with extensive documentation, allowing you to focus on your immediate financial requirements. This streamlined approach saves time and effort, making the borrowing process straightforward and efficient.
Borrow Smartly
With Shriram Finance, you pay interest only for the period the gold loan is used. This means that if you repay the loan early, you save on interest costs, making it a cost effective borrowing option. This feature allows you to manage your finances more efficiently, ensuring that you only pay for what you use. By paying interest only for the duration the loan is active, you can avoid unnecessary expenses and manage your loan costs effectively.
Quick Approval
Enjoy fast and reliable loan approvals with simple documentation. The streamlined approval process ensures that you get the funds you need quickly, which is particularly beneficial for urgent financial situations. The quick turnaround time means you can address your financial needs promptly, without unnecessary delays. This efficient system ensures that you can access the funds you need when you need them most, providing peace of mind and reducing financial stress.
Gold Loan Interest Rates in Jabalpur
| 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 Jabalpur
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 Jabalpur
Applying gold loan in Jabalpur 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 Jabalpur
Gold Loan Customer Care in Jabalpur
Toll Free
Gold Loan Status in Jabalpur
Stay updated on your gold loan application status by visiting our website and entering your reference number. For quick updates, contact our customer care. Choose Shriram Finance for a gold loan in Jabalpur.
Gold Loan FAQs
Can I apply for a gold loan online in Jabalpur?
Yes, applying online for a gold loan is simple. Visit our website or mobile app to submit your application conveniently.
What is the interest rate on gold loans in Jabalpur?
The interest rate starts from 10%* p.a., but the final rate depends on the market value of the gold you pledge.
What is the tenure for a gold loan in Jabalpur?
You can select a repayment tenure ranging from 1 month to 12 months based on your needs.
Can I get a gold loan for any type of gold in Jabalpur?
Shriram Finance provides loans against gold jewellery and coins of 18 to 22 carats.
Is there a maximum or minimum limit for a gold loan in Jabalpur?
The loan amount is determined by the value of your pledged gold, with funding available up to 75%* of its market price.
What documents are required to apply for a gold loan in Jabalpur?
You will need identity proof (Aadhaar Card/Passport/Driver's Licence/Voter ID/PAN Card) and address proof (Aadhaar Card/Passport/Driver's Licence/Voter ID/Utility Bills).
Are there any prepayment penalties on gold loans in Jabalpur?
Shriram Finance generally does not impose prepayment penalties, allowing you to repay your loan early without extra costs. Check your loan agreement for specific terms.
How can I check the status of my gold loan application in Jabalpur?
Once your application is submitted, our team will review it and inform you about the status of 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.
