Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Lawngtlai
Gold loans provide a fast and dependable option to access funds without selling your valuable gold jewellery. This type of loan provides a quick solution for urgent needs like medical bills, education, or business investments. Shriram Finance provides gold loans in Lawngtlai with competitive interest rates starting at just 10%* p.a. We offer repayment terms from 1 to 12 months giving you the flexibility to choose a plan that best fits your financial situation. Our loan process is simple requiring minimal paperwork and providing quick approvals.
Features and Benefits of Gold Loans in Lawngtlai
Access quick funds without selling your gold. Our gold loans come with these advantages:
Flexible Tenure
Retain the autonomy to discharge your loan as per your preference, with durations spanning from 1 month to 12 months. This flexibility allows you to align your repayment schedule with your cash flow, reducing financial strain. Whether you need a short term solution or a more extended repayment period, Shriram Finance adapts to your timeline.
Quick Approval
Access expedited and reliable loan confirmations with reduced paperwork requisites. In today's fast paced world, waiting days for loan approval can mean missed opportunities. Shriram Finance's streamlined verification system enables same day disbursals in most cases, ensuring you receive funds when you need them most.
Minimal Documentation
The application system requires modest documentation, facilitating procedural convenience. Unlike traditional loans that demand extensive paperwork, gold loans primarily focus on establishing your identity and ownership of the pledged gold. This simplified approach removes barriers to accessing credit, particularly beneficial for small business owners and self employed individuals who may not have extensive financial records.
Maximum Finance
Secure funding up to 75%* corresponding to the present market evaluation of your pledged gold. This loan to value ratio is regulated by the Reserve Bank of India to ensure responsible lending while providing substantial liquidity against your assets. Shriram Finance employs certified gold assessors who use advanced techniques to determine accurate valuation, ensuring you receive the maximum permissible loan amount.
Borrow Smartly
Interest liability is confined to the actual duration of gold loan usage.
Low Rate of Interest
Favorable interest rates commence at a competitive 10%* p.a. These attractive rates reflect the secured nature of gold loans, where your pledged assets serve as collateral, reducing your borrowing cost.
Gold Loan Interest Rates in Lawngtlai
| 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 Lawngtlai
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 Lawngtlai
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 Lawngtlai
Gold Loan Customer Care in Lawngtlai
Toll Free
Gold Loan Status in Lawngtlai
Keep track of your gold loan status in Lawngtlai effortlessly. Use your reference number online or reach out to our support team for quick updates. Find your financial solution with Shriram Finance gold loans in Lawngtlai, apply today.
Gold Loan FAQs
Can I apply for a gold loan online in Lawngtlai?
Yes, you can apply for a gold loan conveniently online through the Shriram Finance website or mobile app.
What is the interest rate on gold loans in Lawngtlai?
Gold loan interest rates start from 10%* p.a. and depend on the gold's market value.
What is the tenure for a gold loan in Lawngtlai?
Repayment options range from 1 to 12 months for added convenience.
Can I get a gold loan for any type of gold in Lawngtlai?
Loans are available against gold jewellery and coins with a purity level of 18 to 22 carats.
Is there a maximum or minimum limit for a gold loan in Lawngtlai?
The loan amount is determined by the gold's market value, with financing up to 75% of its estimated worth.
What documents are required to apply for a gold loan in Lawngtlai?
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 required.
Are there any prepayment penalties on gold loans in Lawngtlai?
Shriram Finance does not generally charge prepayment penalties. It's best to check your loan agreement for specifics.
How can I check the status of my gold loan application in Lawngtlai?
You will receive updates on your application's status. You can also check online or contact our support team for further details.
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.
