Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Kohima
In Kohima, where traditional values harmonise with modern progress, gold loans offer a respected means of meeting financial requirements. The cultural significance of gold in Naga society extends beyond mere ornamental value, representing family heritage, wealth preservation, and social status. For generations, families in Kohima have passed down gold jewellery as heirlooms, making it an integral part of their cultural identity. From supporting educational pursuits to managing household expenses, residents appreciate financial solutions that respect their cultural bond with gold. This approach allows individuals in Kohima to access necessary funds while maintaining a strong connection to their cherished gold possessions. Unlike conventional loans that might require lengthy approval processes or extensive credit history verification, gold loans provide a straightforward alternative that resonates with local values and practices. Shriram Finance extends gold loans in Kohima with competitive interest rates starting at 10%* p.a. With flexible repayment tenure options ranging from 1 to 12 months, Shriram Finance caters to local preferences. The company's straightforward processes and efficient service make it a trusted partner for financial solutions, ensuring that residents in Kohima can rely on a seamless and dependable experience.
Features and Benefits of Gold Loans in Kohima
Shriram Gold Loans come with many attractive features and benefits. These are explained as below:
Minimal Documentation
The process involves minimal paperwork and is hassle free. This feature is particularly valuable for residents in more remote areas of Kohima district who may find it challenging to compile extensive documentation. The streamlined approach reduces processes that often discourage potential borrowers from seeking formal financial assistance.
Borrow Smartly
Pay interest only for the period the gold loan is used for. This flexibility allows borrowers to manage their finances efficiently, especially during seasonal income fluctuations common among agricultural workers and small business owners in the region. By returning the loan early, borrowers can significantly reduce their interest burden.
Quick Approval
Reliable and faster loan approvals with minimal documentation enable borrowers to address urgent financial needs promptly. Unlike traditional bank loans that might take weeks for processing, gold loans from Shriram Finance can often be disbursed within hours of application, providing critical financial support during emergencies like medical situations or business opportunities with short timelines.
Maximum Finance
Loan up to 75%* of your gold value ensures that borrowers can access substantial funds relative to their pledged assets. This loan to value ratio complies with regulatory guidelines while maximising the utility of gold assets. For many families in Kohima who have accumulated gold over generations, this translates to significant borrowing capacity without selling cherished family heirlooms.
Low Rate of Interest
Interest rates start from 10%* p.a., making gold loans an affordable option compared to many unsecured loan alternatives. This competitive rate structure helps borrowers manage repayment obligations more effectively, reducing the overall cost of borrowing. For small entrepreneurs and self employed individuals, these favourable rates can make a substantial difference in business viability and growth potential.
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, allowing borrowers to align repayment schedules with their income patterns. This flexibility is particularly beneficial for those with seasonal income streams, such as farmers or tourism related businesses that experience fluctuating cash flows throughout the year.
Gold Loan Interest Rates in Kohima
| 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 Kohima
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 Kohima
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 Kohima
Gold Loan Customer Care in Kohima
Toll Free
Gold Loan Status in Kohima
To check the status of your gold loan application, visit the Shriram Finance website and input your application reference number. You can also contact customer care for real time updates. Choose Shriram Finance today and meet all your financial requirements in Kohima.
Gold Loan FAQs
Can I apply for a gold loan online in Kohima?
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 Kohima?
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 Kohima?
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 Kohima?
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 Kohima?
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 Kohima?
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 Kohima?
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 Kohima?
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.
