Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Muktsar
Gold has long been an essential part of life in Muktsar, valued not only for its beauty but also for its role as a financial asset. Many families consider gold a form of security, preserving it for future needs such as weddings, festivals, and unforeseen expenses. Instead of keeping gold idle, residents can leverage its worth to address urgent financial requirements through gold loans in Muktsar. Gold loans from Shriram Finance provide a simple and reliable way to access funds by pledging gold jewellery as collateral. Whether for medical emergencies, business expansion, or educational expenses, gold loans offer a convenient financial solution without requiring the sale of precious ornaments. These loans allow individuals to use their gold to secure immediate funds while ensuring its safe return once the loan is repaid. At Shriram Finance, we offer gold loans with flexible repayment options ranging from 1 to 12 months, allowing borrowers to choose a tenure that aligns with their financial situation. Our competitive interest rates start at 10%* p.a., making borrowing cost-effective. We prioritise customer convenience through a simple online application process that requires minimal documentation. Additionally, our quick approval system ensures that funds are available without unnecessary delays. Gold is an asset that should work for you when needed. Instead of selling your jewellery, consider a gold loan from Shriram Finance to access funds while keeping your gold secure. Apply today and experience a hassle-free borrowing process with flexible repayment and affordable interest rates.
Features and Benefits of Gold Loans in Muktsar
Here is a list of the features and benefits of our gold loans in Muktsar:
Borrow Smartly:
You only pay interest for the exact period you use the loan, making it a cost-effective borrowing option. This ensures that you do not overpay on interest, giving you better control over your finances.
Low Rate of Interest:
Our gold loans come with competitive interest rates starting from 10%* p.a., making them an affordable solution for short-term financial needs. The lower interest rates reduce your repayment burden, ensuring a stress-free borrowing experience.
Flexible Tenure:
You can choose a repayment period that suits your financial situation, ranging from 1 month to 12 months. This flexibility allows you to plan repayments conveniently without putting strain on your monthly budget.
Minimal Documentation:
The loan process requires only basic KYC documents, making it quick and hassle-free. With minimal paperwork, you can get access to funds without unnecessary delays.
Maximum Finance:
You can secure a loan of up to 75% of your gold’s market value, ensuring that you get the highest possible amount against your gold assets. This helps you unlock the true value of your gold while keeping it safe.
Quick Approval:
Our streamlined approval process ensures you get funds without unnecessary waiting periods. This means you can address urgent financial needs without any delays.
Gold Loan Interest Rates in Muktsar
| 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 Muktsar
Address Proof:
Aadhaar Card, Passport, Driver's Licence, Voter ID, Gas Connection Card, Water Bill, Electricity Bill, Prepaid Mobile Bill, or Landline Bill.
Identity Proof:
Aadhaar Card, Driver’s Licence, Passport, 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 Muktsar
Our 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 us.
Step 3:
Visit our branch with your gold assets.
Step 4:
Complete verification and receive the loan amount.
Our Gold Loan Branches in Muktsar
Gold Loan Customer Care in Muktsar
Toll Free
Gold Loan Status in Muktsar
To check the status of your gold loan application, visit our website and enter your reference number. You can also contact customer support for up-to-date information. For a secure and dependable gold loan experience in Muktsar, choose Shriram Finance.
Gold Loan FAQs
Can I apply for a gold loan online in Muktsar?
Yes, you can apply for a gold loan online via our website or mobile app.
What is the interest rate on gold loans in Muktsar?
Interest rates start from 10%* p.a. for our gold loans. However, the final rate you receive may differ depending on the market value of the gold you pledge.
What is the tenure for a gold loan in Muktsar?
You can select a loan tenure from 1 month to 12 months.
Can I get a gold loan for any type of gold in Muktsar?
Shriram Finance offers loans secured against gold jewellery and coins with a purity level between 18 and 22 carats.
Is there a maximum or minimum limit for a gold loan in Muktsar?
The loan amount is calculated based on your gold's current market value, with loans available up to 75% of that valuation.
What documents are required to apply for a gold loan in Muktsar?
Required documents typically include identity proof (Aadhaar Card, Passport, Driver’s Licence, Voter ID, or PAN Card) and address proof (Aadhaar Card, Passport, Driver’s Licence, Voter ID, or utility bills).
Are there any prepayment penalties on gold loans in Muktsar?
Shriram Finance doesn't charge prepayment fees, letting you pay off your loan early without incurring additional costs. Always double-check the precise terms outlined in your loan agreement.
How can I check the status of my gold loan application in Muktsar?
After you apply, our representatives will review your profile and inform you about your gold loan. Once you've applied, our team will assess your application and let you know about 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.
