Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Mumbai
Mumbai is the financial capital of India, where opportunities and expenses go hand in hand. In times of urgent financial need, a gold loan in Mumbai offers a convenient way to secure funds without selling your precious gold. At Shriram Finance, we provide quick approvals, minimal documentation, and flexible repayment tenures ranging from 1 month to 12 months. With competitive interest rates starting from 10%* p.a., our gold loan services are designed to meet your financial requirements with ease. Whether it's for personal needs, business growth, or unforeseen expenses, your gold can work for you. Keep reading to learn how a gold loan can be the right financial solution for you.
Features and Benefits of Gold Loans in Mumbai
Shriram Gold Loan offers a range of attractive features and benefits, making them a reliable financial solution for customers in Hyderabad. Here are some key advantages of choosing Shriram Finance for your gold loan needs:
Maximum Finance:
You can borrow up to 75%* of your gold's market value, ensuring you get the maximum financial leverage while keeping your gold safe. This allows you to access a substantial amount of funds without having to sell your valuable assets.
Low Rate of Interest:
Our interest rates start from 10%* p.a., making borrowing cost-effective and affordable for various financial needs. This competitive rate helps you manage your loan costs effectively, ensuring that you can meet your financial obligations without undue strain.
Flexible Tenure:
The loan tenure ranges from 1 month to 1 year, allowing you to repay at your convenience. This flexibility ensures that you can align your loan repayments with your financial plans, providing peace of mind and reducing financial stress.
Minimal Documentation:
Our process involves minimal paperwork, ensuring a hassle-free experience. This streamlined approach helps you access funds quickly without unnecessary delays, making it ideal for urgent financial needs.
Borrow Smartly:
You only pay interest for the period you use the loan, helping you save on costs and manage your finances efficiently. This feature is particularly beneficial if you need funds for a short period, as it minimises your overall loan expenses.
Quick Approval:
We offer reliable and fast loan approvals with minimal documentation, ensuring that you receive the funds you need promptly. Our efficient system ensures that you can address your financial requirements quickly, whether it's for personal needs, education, or business expansion.
Gold Loan Interest Rates in Mumbai
| 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 Mumbai
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 Mumbai
Applying gold loan in Mumbai can be done 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.
Gold Loan Customer Care in Mumbai
Toll Free
Gold Loan Status in Mumbai
To check the status of your gold loan application, visit our website and enter your application reference number. You can also contact customer care for real-time updates on your loan processing status. By choosing Shriram Finance, you can enjoy a hassle-free borrowing experience tailored to meet your financial goals in Mumbai.
Gold Loan FAQs
Can I apply for a gold loan online in Mumbai?
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 Mumbai?
The interest rate starts from 10%* p.a. However, the final jewel 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 Mumbai?
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 Mumbai?
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 Mumbai? 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 Mumbai?
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 Mumbai?
Shriram Finance typically does not impose prepayment penalties on gold loans. This allows you to prepay your loan without incurring extra gold loan 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 Mumbai?
After completing the registration process, representatives will evaluate your profile and get 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.
