Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loan in Kakinada
If you need quick financial assistance, a gold loan in Kakinada from Shriram Finance can be the ideal solution. Instead of parting with your precious gold, you can use it as collateral to get funds with interest rates starting from 10%* p.a. and flexible repayment tenures from 1 to 12 months. The process is simple, with minimal paperwork and fast approvals, allowing you to meet urgent expenses without hassle. Shriram Finance branches in Kakinada are equipped to provide personalised assistance, making the entire process smooth and efficient. Whether you need funds for personal needs, business expansion, or unforeseen emergencies, your gold can help you secure the necessary funds easily. The loan application process is designed to be quick and convenient, with minimal paperwork required, ensuring you get the money you need without unnecessary delays. With flexible repayment options, you have the freedom to choose a tenure that suits your financial situation, ranging from 1 month to 1 year. This flexibility allows you to manage your finances effectively and repay the loan at your convenience. Additionally, you only pay interest for the time the gold loan is used, helping to keep costs lower and making it a cost effective borrowing option. Visit your local Shriram Finance branch in Kakinada today to learn more about their competitive gold loan offerings. The friendly staff will guide you through the process, ensuring you understand all the terms and conditions. Discover how you can make the most of your gold's value and achieve your financial goals without the need to sell your precious assets.
Features and Benefits of Gold Loans in Kakinada
Shriram Finance gold loan in Kakinada offers the following features:
Flexible Tenure:
Repay your loan at your convenience, with a tenure ranging from one month to one year. This flexibility allows you to choose a repayment period that best suits your financial situation and needs. Whether you need a short term loan or a longer repayment period, you can tailor the loan to your specific requirements.
Borrow Smartly:
Interest is applicable only for the period you utilise the loan. This means you only pay for the time you use the loan, helping you save on interest costs and manage your finances more effectively. By paying interest only for the utilised period, you can reduce the overall cost of borrowing.
Minimal Documentation:
A straightforward process requiring minimal paperwork. 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. This means you can get your loan approved quickly without the burden of extensive paperwork.
Quick Approval:
Receive quick loan approvals with minimal documentation. Our streamlined approach ensures you receive the funds you need without unnecessary delays, making it ideal for urgent financial requirements. The fast approval process means you can access the funds promptly when you need them most.
Maximum Finance:
Get a loan of up to 75%* of your pledged gold's market value. 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. This allows you to leverage the full value of your gold assets.
Low Rate of Interest:
Interest rates start at 10%* p.a. Competitive rates ensure that your borrowing costs remain manageable, allowing you to access funds without the burden of high interest payments. The attractive interest rates make the gold loan an affordable option for meeting your financial needs.
Gold Loan Interest Rates in Kakinada
| 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 Kakinada
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:
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 Kakinada
Applying for a gold loan in Kakinada is a smooth process that takes only four 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 Kakinada
Gold Loan Customer Care in Kakinada
Toll Free
Gold Loan Status in Kakinada
Easily track your gold loan application by entering your reference number on our website. For quick updates, reach out to our customer care team. Apply for a gold loan in Kakinada with Shriram Finance today!
Gold Loan FAQs
Can I apply for a gold loan online in Kakinada?
Yes, you can conveniently apply for a gold loan online through our website or mobile app.
What is the interest rate on gold loans in Kakinada?
Gold loan interest rates begin at 10%* p.a. The final rate depends on the market value of the pledged gold.
What is the tenure for a gold loan in Kakinada?
You can select a loan tenure ranging from 1 month to 12 months.
Can I get a gold loan for any type of gold in Kakinada?
Shriram Finance offers gold loans against gold jewellery and coins ranging from 18 to 22 carats.
Is there a maximum or minimum limit for a gold loan in Kakinada?
The loan amount is determined based on the pledged gold's market value, with financing available up to 75%*.
What documents are required to apply for a gold loan in Kakinada?
You must provide identity proof (Voter ID/Aadhaar Card/PAN Card/Passport/Driver's Licence) and address proof (Aadhaar Card/Passport/Utility Bills/Driving Licence).
Are there any prepayment penalties on gold loans in Kakinada?
Shriram Finance usually does not charge prepayment penalties, allowing early repayment without extra costs. However, check your loan terms for complete details.
How can I check the status of my gold loan application in Kakinada?
Once your application is submitted, our team will assess your profile and provide timely updates on your loan status.
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.
