Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Kolar
Are you a resident of Kolar and in need of some extra funds to help you to manage your finances, or to achieve a personal goal? Do you possess gold assets that you would be willing to use to help you to secure those funds? Taking out a Gold Loan in Kolar from Shriram Finance provides a reliable, straightforward, and accessible way to unlock the value that is held within your gold possessions. Rather than opting to sell your treasured gold jewellery or valuable coins, you can make use of their existing value to address any immediate financial needs or concerns that you may have. Shriram Finance is a trusted name in the financial industry, and prides itself on providing dependable, accessible, and tailored gold loan services that are specifically designed to meet your individual needs. The combination of manageable repayment options, coupled with highly competitive interest rates means that securing a Gold Loan in Kolar with Shriram Finance could be the perfect solution for helping you to meet your financial objectives. Shriram Finance values their customers above all else and strive to keep the loan application process as clear and simple as possible. This means that it's never been easier for residents of Kolar to gain access to the money that they need, while continuing to enjoy ownership of their valuable gold.
Features and Benefits of Gold Loans in Kolar
There are a number of appealing features and benefits associated with choosing a gold loan with Shriram Finance in Kolar:
Simple and Efficient Application
We don't want you to have to jump through hoops to apply for a loan, which is why the process has been designed to be as straightforward as possible, with as little paperwork as we can get away with.
Interest Efficiency
Benefit from only paying interest for the period that you are actively using the loan, making it a cost effective borrowing method.
Low Interest Rates
You can take advantage of our competitive interest rates, which start from just 10%* per year.
Speedy Loan Approval
Our streamlined processes mean that you can be sure that your loan will be approved as quickly as possible, so you can get access to the money you need with minimal delay.
Maximise the Amount that you can Borrow
Shriram Finance is able to offer loans of up to 75% of the current market value of your gold items.
Choose a Repayment Plan that works for you
Design a repayment schedule that suits your individual needs and circumstances. Our minimum loan duration is 1 month, and the maximum loan duration is 1 year.
Gold Loan Interest Rates in Kolar
| 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 Kolar
Proof of Address
Any one of the following: Aadhaar Card, Passport, Driver's License, Voter ID, Gas Connection Card, Water Bill, Electricity Bill, Prepaid Mobile Bill, or Landline Bill.
Proof of Identity
Any one of the following: Aadhaar Card, Passport, Driver's License, Voter ID, or PAN Card. (If you do not have a PAN Card, you can submit Form 60). Age Requirement Applicants must be between 18 and 75 years* of age. Applicant Type Individuals who are salaried, self employed, professionals, business owners, and others, are eligible to apply.
Step by Step Application Process for Gold Loans in Kolar
Securing a gold loan with Shriram Finance in Kolar is a simple, four step process:
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 Kolar
Gold Loan Customer Care in Kolar
Toll Free
Gold Loan Status in Kolar
Stay informed about the progress of your gold loan application in Kolar. Simply visit our website and enter your unique application reference number to track your application status. Alternatively, you can contact our customer care team for real time updates.
Gold Loan FAQs
Can I apply for a gold loan online in Kolar?
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 Kolar?
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 Kolar?
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 Kolar?
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 Kolar?
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 Kolar?
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 Kolar?
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 Kolar?
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.
