Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Ludhiana
Gold loans in Ludhiana are reliable for individuals seeking to meet urgent expenses without parting with their gold. Whether it's funding education, medical emergencies, or business needs, a gold loan allows you to unlock the value of your gold assets quickly and conveniently. Shriram Finance is renowned for its efficient application process, rapid approval times, and adaptable repayment options, making it an excellent choice for both individuals and businesses seeking prompt financial assistance in Ludhiana. With flexible loan tenures ranging from one month to up to twelve months and competitive interest rates starting from 10% p.a., Shriram Finance demonstrates a deep understanding of the local business environment.
Features and Benefits of Gold Loans in Ludhiana
The features of a gold loan offered by Shriram Finance in Ludhiana are explained below:
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.
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.
Gold Loan Interest Rates in Ludhiana
| 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 Ludhiana
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 Ludhiana
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 Ludhiana
Gold Loan Customer Care in Ludhiana
Toll Free
Gold Loan Status in Ludhiana
Monitor your gold loan application progress with ease by simply entering your unique reference number on our official website portal. For instant updates or clarifications, don't hesitate to connect with our knowledgeable support team available 7 days a week. If you're looking to secure a gold loan in Ludhiana, Shriram Finance offers a streamlined and user centric application process from beginning to end. We provide disbursement options including direct bank transfer, cheque, or cash depending on your preference and convenience. Our dedicated relationship managers are assigned to each customer to provide personalised guidance throughout the loan term. Additionally, we offer a part payment facility that allows you to reduce your interest burden at any point during the loan period.
Gold Loan FAQs
Can I apply for a gold loan online in Ludhiana?
Absolutely! Shriram Finance offers a convenient online application process for gold loans in Ludhiana. Visit our official website or download our mobile app to start your application. You can complete the entire process digitally, saving time and avoiding unnecessary branch visits.
What is the interest rate on gold loans in Ludhiana?
Our gold loan interest rates start from 10%* per annum. The final rate depends on the market value of the gold you pledge, the loan amount, and current market conditions. We offer transparent and competitive rates tailored to your specific financial needs.
What is the tenure for a gold loan in Ludhiana?
We provide flexible loan tenures ranging from 1 month to 12 months. Choose a repayment period that best suits your financial situation. You can also discuss prepayment or tenure extension options with our loan counsellors.
Can I get a gold loan for any type of gold in Ludhiana?
Shriram Finance accepts gold ornaments and coins between 18 to 22 carats. Our expert team will carefully evaluate the purity and weight of your gold to determine the loan amount you qualify for.
Is there a maximum or minimum limit for a gold loan in Ludhiana?
We offer loans up to 75% of your gold's current market value. The loan amount is directly linked to the quantity and quality of gold you pledge as security. Our transparent valuation ensures you get the maximum possible loan.
What documents are required to apply for a gold loan in Ludhiana?
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 Ludhiana?
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 Ludhiana?
After completing the registration process, representatives will evaluate your profile and revert 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.
