Gold Loans in Lohit
Gold loans in Lohit have emerged as a reliable and practical way to secure immediate financial support without having to part with one's valuable possessions. Whether for personal needs or small business expenses, using gold as collateral offers a convenient solution during times of financial urgency. Residents in Lohit can confidently pledge their gold items to access funds, all while retaining ownership of their treasured assets. This approach eliminates the emotional and financial strain of selling gold jewellery, making gold loans a preferred option for many.At Shriram Finance, we offer gold loan services that are designed to keep your convenience and financial needs in mind. Our application process is simple and efficient, requiring only minimal documentation, so you don't have to go through unnecessary delays. We prioritise swift loan approvals, ensuring that you get the funds as quickly as possible to meet urgent requirements.Our gold loans come with flexible repayment options and tenures ranging from 1 month to 12 months. This allows you to choose a loan term that aligns with your income cycle or financial planning. The interest rates start from 10%* p.a., offering a cost effective way to borrow against your gold without excessive interest charges.We understand the financial landscape of Lohit and the importance of timely access to credit for individuals and local businesses. With Shriram Finance, you can rest assured that your gold is safe while you meet your short term financial obligations with ease. Our commitment to customer satisfaction and tailored solutions makes our gold loan service a dependable choice for the people of Lohit.
Features and Benefits of Gold Loans in Lohit
Features of a Gold Loan offered by Shriram Finance are:
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.
Minimal Documentation
The process involves minimal paperwork and is hassle free.
Borrow Smartly
Pay interest only for the period the gold loan is used for.
Quick Approval
Reliable and faster loan approvals with minimal documentation.
Maximum Finance
Loan up to 75% of your gold value. Gold loans are offered for loan amounts of up to 75% of the market value of the gold pledged as collateral or security.
Low Rate of Interest
Interest rates start from 10%* p.a.
Gold Loan Interest Rates in Lohit
| 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 Lohit
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 Lohit
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 Lohit
Gold Loan Customer Care in Lohit
Toll Free
Gold Loan Status in Lohit
To monitor the status of your gold loan application, simply visit our website and input your application reference number. You can also reach out to our customer care team for instant updates on your application.
Gold Loan FAQs
Can I apply for a gold loan online in Lohit?
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 Lohit?
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 Lohit?
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 Lohit?
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 Lohit?
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 Lohit?
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 Lohit?
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 Lohit?
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.
