Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Motihari
In Motihari, where agricultural heritage meets evolving financial needs, gold loans serve as a reliable bridge for economic aspirations. From supporting educational pursuits to expanding local enterprises, citizens value financial solutions that preserve their cultural bond with gold while providing immediate liquidity without sacrificing ownership of precious family heirlooms. This balance between tradition and modern financial needs makes gold loans particularly relevant in Nawada's socioeconomic landscape. Shriram Finance provides gold loans in Motihari with competitive interest rates starting at 10%* p.a. With flexible tenure options from 1 to 12 months, Shriram Finance caters to local requirements. Shriram Finance's transparent processes and quick service establish it as a dependable financial partner.
Features and Benefits of Gold Loans in Motihari
Shriram Gold Loans presents distinctive benefits and features:
Low Rate of Interest
Competitive interest charges starting at just 10%* p.a. The low rate of interest allows for greater flexibility in using the borrowed funds for various purposes, from urgent needs to long term investments.
Quick Approval
Experience swift and dependable loan processing with minimal paperwork requirements. This efficiency ensures that borrowers can access the necessary funds promptly, addressing their urgent financial requirements without undue delay.
Maximum Finance
Access funds up to 75%* of your pledged gold's market value. This substantial loan to value ratio enables individuals to secure significant funds, empowering them to pursue their financial goals with confidence. The ability to access a high percentage of the gold's value ensures that borrowers can obtain the maximum possible financial assistance.
Flexible Tenure
Choose your repayment period starting from 1 month, extendable up to 12 months. This flexibility alleviates the stress of rigid repayment deadlines, allowing borrowers to manage their finances effectively. Selecting a tenure that matches income cycles, or planned financial events, is a very important part of the process.
Minimal Documentation
Simple application process with reduced paperwork for your convenience. This streamlining allows for a quick turnaround, getting the loan approved and disbursed faster.
Borrow Smartly
Interest charges apply only for the duration you keep the loan. This transparent and fair practice ensures that borrowers pay only for the actual period they utilise the funds, optimising their borrowing costs.
Gold Loan Interest Rates in Motihari
| 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 Motihari
Address Proof
Voter ID, Gas Connection Card, Electricity Bill, Aadhaar Card, Passport, Driver's License, Water 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 Motihari
The 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 the branch with your gold assets.
Step 4:
Complete verification and receive the loan amount.
Our Gold Loan Branches in Motihari
Gold Loan Customer Care in Motihari
Toll Free
Gold Loan Status in Motihari
To check your gold loan application status, visit our website and enter your application reference number. For immediate assistance, our customer care team is ready to help with detailed status information and estimated processing timelines. Selecting Shriram Finance in Nawada guarantees a smooth lending process that matches your monetary objectives while maintaining the highest standards of security for your valuable assets.
Gold Loan FAQs
Can I apply for a gold loan online in Motihari?
Yes, applying for a gold loan is convenient through Shriram Finance's website or mobile application. The online application process is designed to be user friendly and accessible.
What is the interest rate on gold loans in Motihari?
Interest rates begin at 10%* p.a. The final interest rate offered by Shriram Finance will be determined based on the current market valuation of your pledged gold.
What is the tenure for a gold loan in Motihari?
Shriram Finance offers flexible loan tenures ranging from 1 month to 12 months, allowing you to choose a repayment period that suits your financial needs.
Can I get a gold loan for any type of gold in Motihari?
Shriram Finance accepts gold ornaments and coins ranging from 18 to 22 karats as collateral for gold loans.
Is there a maximum or minimum limit for a gold loan in Motihari?
The loan amount is determined by the value of your gold, with Shriram Finance offering up to 75% of the gold's assessed value as the loan amount.
What documents are required to apply for a gold loan in Motihari?
For verification, you need to submit: Identity proof: Choose from Aadhaar Card, Passport, Driver's License, Voter ID, or PAN Card Address proof: Any of these documents Aadhaar Card, Passport, Driver's License, Voter ID, Gas Connection Card, Water Bill, Electricity Bill, Prepaid Mobile Bill, or Landline Bill
Are there any prepayment penalties on gold loans in Motihari?
No, Shriram Finance generally doesn't charge any prepayment penalties on gold loans, enabling you to repay your loan ahead of schedule without additional fees. However, please review your specific loan agreement terms for confirmation.
How can I check the status of my gold loan application in Motihari?
Once you complete the registration process, Shriram Finance's representatives will assess your application and contact you regarding your gold loan status.
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.
