Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Kampur
Gold loans in Kampur have become an increasingly popular method for accessing immediate funds.Instead of parting with your treasured gold jewellery or coins, you can utilise their value to address urgent financial needs. In India, you can benefit from the services of Shriram Finance. Shriram Finance is distinguished by its efficient application process, swift approval of funds and adaptable repayment options. This makes it an excellent choice for individuals and businesses seeking rapid financial support. With flexible loan terms spanning from one month to twelve months and competitive interest rates commencing at 10%* p.a. Shriram Finance exhibits a deep understanding of the Kamrup business landscape and facilitates quick access to capital, ensuring that your financial requirements are met promptly.
Features and Benefits of Gold Loans in Kampur
Features of a Gold Loan offered by Shriram Finance are:
Quick and Reliable Approval Process
In today's fast paced world, financial needs often arise unexpectedly and require immediate attention. Recognising this reality, Shriram Finance has streamlined its Gold Loan approval process. Unlike conventional loans that may take days or even weeks to process, Gold Loans can be approved within hours of application. This expedited timeline is made possible by the simplified documentation requirements and the straightforward nature of the collateral assessment-the gold itself serves as the primary security for the loan, reducing the need for extensive background checks.
Competitive Interest Rates
With interest rates starting from 10%*p.a., Shriram Gold Loans in Kampur offer a more economical alternative to unsecured loans, which typically carry significantly higher interest rates. This competitive rate structure makes Gold Loans particularly attractive for borrowers seeking to manage their cost of borrowing effectively.
Flexible Tenure Options
Financial circumstances can vary widely among borrowers. Some may need a short term solution for a temporary cash crunch, while others might require a longer repayment horizon to manage their financial obligations comfortably. Recognising this diversity of needs, Shriram Finance offers loan tenures ranging from just 1 month to 12 months, allowing borrowers to choose a repayment timeline that aligns with their financial situation and cash flow patterns.
Borrow Smartly
One of the most advantageous aspects of Gold Loans from Shriram Finance is the "pay for what you use" structure. This innovative approach means that borrowers only pay interest for the actual duration they utilise the loan funds. For instance, if you take a 12 month loan but find yourself able to repay after just 6 months, you will only be charged interest for those 6 months, without any prepayment penalties or additional charges.
Streamlined Documentation
Excessive paperwork can be a significant deterrent for many potential borrowers. Shriram Finance has addressed this concern by minimising the documentation requirements for Gold Loans. This reduction in paperwork not only accelerates the loan processing time but also makes the loan more accessible to individuals who may not have extensive financial documentation readily available.
Maximum Loan to Value Ratio
Shriram Finance offers loans up to 75%* of the market value of the pledged gold, which represents the maximum loan to value ratio permitted by regulatory guidelines. This generous percentage ensures that borrowers can access a substantial portion of their gold's worth without compromising regulatory compliance or financial prudence.
Gold Loan Interest Rates in Kampur
| 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 Kampur
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 Kampur
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 Kampur
Gold Loan Customer Care in Kampur
Toll Free
Gold Loan Status in Kampur
For checking the status of your gold loan application, please visit the Shriram Finance website and enter your application reference number. You can also contact customer care. You can depend on Shriram Finance for a stress free borrowing experience in Kampur.
Gold Loan FAQs
Can I apply for a gold loan online in Kampur?
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 Kampur?
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 Kampur?
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 Kampur?
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 Kampur?
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 Kampur?
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 Kampur?
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 Kampur?
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.
