Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Malegaon
Are you a resident of Malegaon in need of immediate financial assistance? Do you possess gold assets that could be the right solution? A Gold Loan in Malegaon from Shriram Finance is a secure and efficient method to unlock the value of your gold. Instead of selling your valuable gold jewellery or coins, leverage their potential to meet your financial needs. Shriram Finance understands the local economy of Malegaon and provides a straightforward application process with quick disbursal times, giving you fast access to funds. This guide will walk you through the key aspects of obtaining a gold loan from Shriram Finance in Malegaon, from understanding the various loan options available to navigating the easy application process. Read on to discover how you can utilise your gold and achieve your financial goals.
Features and Benefits of Gold Loans in Malegaon
Choosing a Shriram Gold Loan in Malegaon offers several notable advantages:
Competitive Interest Rates
Enjoy attractive interest rates, starting from 10%* p.a., making borrowing more affordable.
Flexible Repayment Plans
Choose a repayment schedule that suits your budget, with options from monthly instalments to a single payment at the end of the loan term.
Fast Loan Approval
Experience a quick and efficient loan approval process, ensuring you receive funds without unnecessary delays.
Simple Documentation
Benefit from a streamlined application process with minimal paperwork, making it easier and faster to access the funds you need.
High Loan to Value Ratio
Access a loan of up to 75% of your gold's current market value. Gold loans are designed to maximise the amount you can borrow against your gold.
Interest Optimisation
Only pay interest for the time you use the loan amount, saving you money when you repay early.
Gold Loan Interest Rates in Malegaon
| 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 Malegaon
Address Proof
Any one of the following: Aadhaar Card, Passport, Driver's License, Voter ID, Gas Connection Card, Water Bill, Electricity Bill, Prepaid Mobile Bill, or Landline Bill.
Identity Proof
Any one of the following: Aadhaar Card, Passport, Driver's License, Voter ID, or PAN Card (If you do not have a PAN Card, you can submit Form 60). Age Applicants must be between 18 and 75 years of age. Who Can Apply Salaried individuals, self employed professionals, business owners, and others are eligible to apply.
Step by Step Application Process for Gold Loans in Malegaon
Getting a gold loan with Shriram Finance in Malegaon is a simple, four step process:
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 Malegaon
Gold Loan Customer Care in Malegaon
Toll Free
Gold Loan Status in Malegaon
Stay updated on the status of your gold loan application in Malegaon. Visit our website and enter your application reference number to track your application status or contact our customer care team for real time updates.
Gold Loan FAQs
Can I apply for a gold loan online in Malegaon?
Absolutely! Shriram Finance offers a convenient online application process for gold loans in Malegaon. 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 Malegaon?
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 Malegaon?
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 Malegaon?
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 Malegaon?
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 Malegaon?
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 Malegaon?
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 Malegaon?
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.
