Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Murwara
Murwara is a city located in Madhya Pradesh. It is known for its industrial activities and cultural heritage. The Gold Loan in Murwara offers a reliable way to tap into the value of gold assets, providing quick financial solutions without extensive documentation. This loan allows individuals to retain ownership of their gold whilst accessing necessary funds. Shriram Finance provides loans up to 75% of the gold's market value for the Gold Loan in Murwara, ensuring substantial financial support. With interest rates starting from 10%*p.a. and flexible repayment options, this loan is particularly appealing for addressing financial emergencies or investing in new opportunities. Shriram Finance's streamlined process and secure gold storage further enhance its appeal.
Features and Benefits of Gold Loans in Murwara
In Murwara, Shriram Finance offers a Gold Loan with several attractive features:
Borrow Smartly
Interest charges are applicable only for the period you utilise the gold loan. For seasonal business owners or agricultural workers in Murwara with fluctuating income patterns, this feature provides significant flexibility in managing borrowing costs.
Quick Approval
Experience reliable and accelerated loan approvals with minimal paperwork. Most applications receive decisions within hours rather than days or weeks, making gold loans an ideal solution for time sensitive requirements in Murwara.
Flexible Tenure
Select a repayment schedule at your convenience, ranging from a minimum of 1 month up to a full year. This flexibility allows you to align your repayment obligations with your income cycles and financial planning. The short term options are particularly beneficial for those who anticipate quick cash inflows but need immediate financing for pressing needs.
Minimal Documentation
The application process requires limited documentation, ensuring a streamlined experience. This reduction in paperwork significantly accelerates the loan approval process, enabling you to address your financial requirements promptly. For residents of Murwara who may have limited formal documentation, this simplified approach removes potential barriers to accessing financial services.
Maximum Finance
Secure financing of up to 75%* against your gold's current market value. Our transparent valuation process employs advanced testing methods to determine your gold's purity and current market worth accurately.
Low Rate of Interest
Benefit from competitive interest rates beginning at just 10%* p.a., making these loans more affordable compared to many unsecured loan alternatives available in Murwara. The transparent interest structure empowers borrowers to make informed decisions about their financial commitments without worrying about hidden charges or complex calculation methods.
Gold Loan Interest Rates in Murwara
| 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 Murwara
Address Proof
Aadhar Card Passport Driver's License Voter ID Gas Connection Card Water Bill Electricity Bill Prepaid Mobile Bill Landline Bill
Identity Proof
Aadhar Card, Passport, Driver's License, Voter ID, or PAN Card (submit Form 60 if PAN Card is not available). Who Can Apply: Eligible applicants include salaried individuals, self employed professionals, business owners, and other individuals. Age: Applicants must be between 18* and 75* years old.
Step by Step Application Process for Gold Loans in Murwara
The straightforward Gold Loan Application Process at Shriram Finance in Murwara allows you to obtain 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 Murwara
Gold Loan Customer Care in Murwara
Toll Free
Gold Loan Status in Murwara
Residents of Murwara can benefit from Shriram Finance's Gold Loan for their financial needs. To track your application status, simply visit our website or contact our customer care for timely updates. By selecting Shriram Finance, you can enjoy a streamlined financial experience tailored to meet your objectives in Murwara.
Gold Loan FAQs
Can I apply for a gold loan online in Murwara?
Yes, you can submit your application via our website or mobile app.
What is the interest rate on gold loans in Murwara?
The interest rate starts at 10%*p.a. The final rate may vary based on the market value of the gold used as collateral.
What is the tenure for a gold loan in Murwara?
You can select a loan tenure from 1 month to 12 months.
Can I get a gold loan for any type of gold in Murwara?
Gold loans are available for 18 to 22 carats gold ornaments and coins.
Is there a maximum or minimum limit for a gold loan in Murwara?
The loan amount is contingent upon the value of your gold. Loans up to 75% of the gold's value are available.
What documents are required to apply for a gold loan in Murwara?
Typically, you need to provide identity proof (such as an Aadhar Card, Passport, Driver's License, Voter ID, or PAN Card) and address proof (like an Aadhar 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 Murwara?
Generally, prepayment penalties are not imposed. However, it is advisable to confirm the terms in your loan agreement.
How can I check the status of my gold loan application in Murwara?
Following the registration process, our representatives will assess your profile and contact you regarding the status of your gold loan application.
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.
