Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Mon
In Mon, gold loans offer an excellent means of accessing quick capital, providing a reliable solution to utilise the value of your gold assets. Instead of selling your cherished gold jewellery or coins, you can leverage their value to address immediate financial requirements. Shriram Finance is a trusted partner in this endeavour, offering a streamlined application process, rapid disbursement times, and flexible repayment options. These features make it an ideal choice for individuals and businesses in Mon seeking swift financial support. Shriram Finance is renowned for its adaptable terms, which range from 1 month to 12 months, and competitive interest rates starting at 10%* p.a. By simplifying the application process, Shriram Finance offers gold loans in Mon and enables you to secure capital efficiently, aligning with the financial needs of the community. This approach ensures that you can access the funds you need without undue delay, making it easier to manage your financial obligations effectively. These customer centric features collectively position Shriram Finance as an ideal financial ally for individuals and businesses throughout Mon who find themselves in need of prompt financial assistance without the long waiting periods typically associated with conventional lending channels. The ability to secure funds quickly while using existing assets as collateral represents a practical financial solution that aligns perfectly with modern financial management strategies.
Features and Benefits of Gold Loans in Mon
Shriram Gold Loans come with many attractive features and benefits. These are explained as below:
Flexible Tenure
The repayment structure offers remarkable flexibility, allowing you to repay your loan at your convenience while maintaining a minimum loan duration of just 1 month. This flexibility extends throughout the loan tenure range of 1 month to 12 months, giving you the freedom to select the timeline that best fits your financial situation and repayment capacity. This adaptability proves especially valuable during uncertain economic periods when financial planning requires maximum flexibility.
Minimal Documentation
Understanding the importance of your time, Shriram Finance has deliberately minimised paperwork requirements, creating a hassle free experience that respects your busy schedule. This streamlined approach eliminates unnecessary delays that typically slow down the loan approval process, allowing you to complete the application quickly and efficiently without sacrificing essential verification standards.
Borrow Smartly
A standout benefit is the cost effective structure where interest is calculated and charged only for the specific period during which you utilise the gold loan. This pay for what you use model represents significant savings compared to traditional loans where interest accrues regardless of whether you are actively using the borrowed funds, making it an economically sound choice for short term financial needs.
Quick Approval
When facing financial urgency, waiting days or weeks for loan approval isn't feasible. Recognising this reality, Shriram Finance has developed reliable and faster loan approval mechanisms that maintain necessary verification standards while significantly reducing waiting periods. This efficiency is achieved through streamlined processes and minimal documentation requirements, ensuring you receive funds when you need them most.
Maximum Finance
Shriram Finance offers loans of up to 75%* of your gold's current market value, maximising the financial potential of your gold assets while maintaining compliance with regulatory guidelines. This loan to value ratio ensures you receive substantial funding proportionate to your collateral's worth, providing meaningful financial support during critical situations without completely depleting your borrowing capacity.
Low Rate of Interest
With interest rates beginning from an attractive 10%* p.a., Shriram Finance maintains a commitment to affordability that helps minimise your borrowing costs. This competitive rate structure makes gold loans an economically viable option compared to unsecured loans or credit cards, which typically carry significantly higher interest burdens that can compound financial strain rather than alleviating it.
Gold Loan Interest Rates in Mon
| 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 Mon
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 Mon
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 Mon
Gold Loan Customer Care in Mon
Toll Free
Gold Loan Status in Mon
To check the status of your gold loan application, visit the Shriram Finance website and enter your application reference number. You can also contact customer care for real time updates. Choose Shriram Finance today and enjoy attractive features of a gold loan in Mon.
Gold Loan FAQs
Can I apply for a gold loan online in Mon?
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 Mon?
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 Mon?
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 Mon?
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 Mon?
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 Mon?
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 Mon?
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 Mon?
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.
