Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Kollam
Gold jewellery holds a special place in the hearts of families in Kollam as it symbolises not only sentimental value but also financial security. Beyond its emotional significance, gold serves as a dependable asset that can be leveraged during times of need. Gold loans in Kollam provide residents with a convenient and efficient way to access funds without parting with their cherished possessions. With flexible repayment terms spanning from 1 to 12 months, you have the freedom to choose a repayment schedule that suits your needs. The process is designed to be quick and hassle free, with a streamlined approval system and minimal documentation requirements. This ensures that you can secure the funds you need promptly. Shriram Finance is committed to empowering residents of Kollam with reliable and transparent gold loan solutions. Whether you need money for personal expenses, business ventures, or emergencies, we provide a reliable solution with transparent terms. Visit your nearest Shriram Finance branch or apply online now to get started! Let us help you turn your gold into opportunities.
Features and Benefits of Gold Loans in Kollam
Gold loans in Kollam have become a popular financial solution for individuals seeking quick and secure access to funds. Experience financial flexibility in Kollam with the numerous benefits offered by our gold loans:
Low Rate of Interest
Interest rates start at 10%* p.a., making borrowing affordable. This competitive rate ensures that you can manage your repayments comfortably.
Borrow Smartly
You will only pay interest for the time the loan is active. This smart borrowing feature helps you save on unnecessary costs.
Minimal Documentation
The application process requires very little paperwork, making it easy to manage. We aim to help you access funds quickly.
Flexible Tenure
Loan repayment tenures range from 1 month to 12 months, giving you the flexibility to choose a plan that suits your financial situation. This convenient option allows you to repay your loan at your own pace.
Maximum Finance
You can secure a loan of up to 75% of your gold's market value. This high loan to value ratio ensures that you can meet both personal and business needs effectively.
Quick Approval
Experience rapid loan approvals with Shriram Finance's streamlined process, designed to minimise waiting times and maximise convenience. With minimal documentation requirements, accessing funds becomes quick and efficient.
Gold Loan Interest Rates in Kollam
| 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 Kollam
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 Kollam
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 them.
Step 3:
Visit their branch with your gold assets.
Step 4:
Complete verification and receive the loan amount.
Our Gold Loan Branches in Kollam
Gold Loan Customer Care in Kollam
Toll Free
Gold Loan Status in Kollam
Stay updated on your gold loan application progress with ease by using our online platform. Simply enter your reference number to track the status instantly or contact our customer care team for real time updates and additional assistance.
Gold Loan FAQs
Can I apply for a gold loan online in Kollam?
Yes, Shriram Finance allows you to apply for a gold loan online through its website or mobile app. This convenient process enables you to register, verify your details, and complete the application seamlessly.
What is the interest rate on gold loans in Kollam?
Interest rates for our gold loans start from 10%* p.a. The final rates may vary based on the market value of your pledged gold.
What is the tenure for a gold loan in Kollam?
Shriram Finance offers flexible repayment tenures ranging from 1 month to 12 months.
Can I get a gold loan for any type of gold in Kollam?
Shriram Finance provides loans against gold jewellery and coins with a purity from 18 to 22 carats.
Is there a maximum or minimum limit for a gold loan in Kollam?
The loan amount depends on the market value of your pledged gold, with up to 75% of that value available as a loan.
What documents are required to apply for a gold loan in Kollam?
Required documents to apply for a gold loan typically include 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 Kollam?
Shriram Finance generally does not impose prepayment penalties, allowing borrowers to repay their loans early without extra charges. However, it is advisable to review your loan agreement for specific terms.
How can I check the status of my gold loan application in Kollam?
After you apply for a gold loan, our representatives will promptly review your profile to assess your eligibility and the details of your pledged gold. Once the evaluation is complete, we will contact you to provide updates regarding the status of your application.
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.
