Gold Loans in Kolasib
Accessing funds without parting with your precious ornaments is now simpler than ever with gold loans in Kolasib. Whether you are dealing with a medical emergency, planning for higher education, or looking to fund a small business investment, gold loans provide a practical and secure way to raise money. In a town like Kolasib, where financial needs can vary widely from family to family, having a dependable option like a gold loan helps you stay financially prepared. Shriram Finance offers customised gold loan services in Kolasib to support your immediate financial goals. With interest rates starting from 10%* p.a., our loans are not only cost effective but also easy to manage. We understand the importance of flexibility, which is why our repayment tenures range from 1 month to up to 12 months, allowing you to choose a duration that suits your financial comfort. What sets Shriram Finance apart is our hassle free process. The application involves minimal documentation, and our team ensures quick approvals, so you don't have to wait long to access the funds you need. Most importantly, your gold stays safe in our secure custody while you benefit from its value. For the residents of Kolasib looking for a simple yet reliable way to handle financial obligations, Shriram Finance offers a trustworthy solution. You can walk into our branch and experience a gold loan service that is tailored to meet your needs without unnecessary delays or complications. Make the most of your gold assets today with Shriram Finance and take a confident step towards fulfilling your financial plans-without letting go of what matters.
Features and Benefits of Gold Loans in Kolasib
Our gold loans offer a simple and secure way to access funds while keeping your gold safe. Here's what makes them a great option:
Quick Approval
Get access to funds without delay through a fast approval process that involves minimal paperwork. You won't have to wait long or go through multiple steps to get the loan amount.
Flexible Tenure
Select a repayment duration that fits your financial situation, with options ranging from 1 month to 12 months. You can choose a short or slightly longer term based on what works best for your income cycle.
Borrow Smartly
Pay interest only for the time you use the loan, helping you keep overall borrowing costs under control. It allows you to use your funds wisely without committing to long term interest payments.
Maximum Finance
Avail funding of up to 75% of your gold's current market value, giving you ample financial support. This ensures you can meet larger expenses without selling your jewellery.
Low Rate of Interest
Take advantage of competitive interest rates starting from 10%* p.a., ensuring manageable repayment terms. Lower rates reduce the overall cost of borrowing.
Minimal Documentation
Enjoy a hassle free experience with a simple process that requires only a few essential documents. This makes the application smooth and time saving for most individuals.
Gold Loan Interest Rates in Kolasib
| 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 Kolasib
Address Proof
Aadhaar Card, Passport, Driver's Licence, Voter ID, Gas Connection Card, Water Bill, Electricity Bill, Prepaid Mobile Bill, or Landline Bill.
Identity Proof
Aadhaar Card, Driver's Licence, Passport, 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 Kolasib
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 us.
Step 3:
Visit our branch with your gold assets.
Step 4:
Complete verification and receive the loan amount.
Our Gold Loan Branches in Kolasib
Gold Loan Customer Care in Kolasib
Toll Free
Gold Loan Status in Kolasib
Stay updated on your gold loan status in Kolasib. Track it online using your reference number or contact our support team for real time updates.
Gold Loan FAQs
Can I apply for a gold loan online in Kolasib?
Yes, you can easily apply online through the Shriram Finance website or mobile app for a smooth and hassle free process.
What is the interest rate on gold loans in Kolasib?
The interest rate starts at 10%* p.a. and may vary depending on the market value of your pledged gold.
What is the tenure for a gold loan in Kolasib?
You can select a repayment period ranging from 1 to 12 months, giving you the flexibility to repay as per your convenience.
Can I get a gold loan for any type of gold in Kolasib?
Yes, we accept gold jewellery and coins with a purity of 18 to 22 carats for loan approvals.
Is there a maximum or minimum limit for a gold loan in Kolasib?
The loan amount is based on the market value of your gold, with funding available for up to 75% of its assessed worth.
What documents are required to apply for a gold loan in Kolasib?
You will need identity proof (Aadhaar Card, Passport, Driver's Licence, Voter ID, or PAN Card) and address proof (Aadhaar Card, Passport, Driver's Licence, Voter ID, or utility bills).
Are there any prepayment penalties on gold loans in Kolasib?
Shriram Finance generally does not charge prepayment penalties, allowing early repayment without extra costs. However, reviewing your loan agreement is recommended.
How can I check the status of my gold loan application in Kolasib?
You will receive updates on your loan application. You can also track it online or reach out to customer service for assistance.
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.
