Gold Loans in Jorhat
Jorhat, a significant cultural and educational hub in Assam, continues to grow as a centre of commerce and daily economic activity. In such a dynamic setting, the need for accessible financial support becomes essential-especially for those looking to manage sudden expenses or invest in business opportunities. One of the most efficient and practical options available is a gold loan. By opting for this solution, you don't need to sell your gold assets. Instead, you can unlock their value and use the funds to manage urgent financial needs without parting with your valuables. Gold loans in Jorhat have become a preferred option among residents due to their quick processing and minimal documentation requirements. Among the trusted names offering this facility, Shriram Finance stands out for its customer centric approach. W provide a streamlined application process, swift approvals, and flexible repayment options. These features make it an excellent choice for both individuals and small business owners in Jorhat who are in need of timely financial support. Shriram Finance offers tenures starting from 1 month up to 12 months, giving you the freedom to choose a repayment plan that suits your income flow. The interest rates begin from 10%* p.a., which is competitive and appealing for borrowers looking for value and transparency. With a strong understanding of Jorhat's local financial landscape, Shriram Finance ensures you receive prompt access to funds without unnecessary delays. Whether you are handling personal obligations or running a business, a gold loan from Shriram Finance can help you manage your needs effectively and with ease.
Features and Benefits of Gold Loans in Jorhat
Shriram Finance offers attractive features of a gold loan. These are:
Minimal Documentation
The process involves minimal paperwork and is hassle free.
Borrow Smartly
Pay interest only for the period the gold loan is used for.
Maximum Finance
Loan up to 75% of your gold value. Gold loans are offered for loan amounts of up to 75% of the market value of the gold pledged as collateral or security.
Low Rate of Interest
Interest rates start from 10%* p.a.
Flexible Tenure
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 1 year.
Quick Approval
Reliable and faster loan approvals with minimal documentation.
Gold Loan Interest Rates in Jorhat
| 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 Jorhat
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 Jorhat
Our 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 Jorhat
Gold Loan Customer Care in Jorhat
Toll Free
Gold Loan Status in Jorhat
To check the status of your gold loan application, simply visit our website and enter your application reference number. You can also contact our customer care team for real time updates on your loan processing status.
Gold Loan FAQs
Can I apply for a gold loan online in Jorhat?
Yes, you can conveniently apply for a gold loan online through Shriram Finance. Simply visit the official website or download the mobile app to start your application process. The platform offers a user friendly interface, allowing you to register, provide necessary details, and track your application status seamlessly from the comfort of your home.
What is the interest rate on gold loans in Jorhat?
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 Jorhat?
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 Jorhat?
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 Jorhat?
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 Jorhat?
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 Jorhat?
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 Jorhat?
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.
