Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Mysuru
In Mysuru, gold it is not just a symbol of wealth and tradition but also a reliable financial asset. Many people prefer investing in gold jewellery, coins, or bullion, as it serves as both an adornment and a safety net during emergencies. When urgent financial needs arise, gold jewellery often becomes the go to resource. Instead of selling their treasured ornaments, individuals can leverage them to secure instant loans. At Shriram Finance, we understand the importance of your gold and its emotional value. Our gold loans in Mysuru provide a practical solution to unlock the value of your gold without parting with it permanently. With a simple application process, minimal documentation, and quick approvals, we ensure you get access to funds when you need them most. Whether it's for personal expenses or business growth, our loans are designed to cater to your unique needs. Our gold loans come with competitive interest rates starting at 10% p.a.*, making borrowing affordable. Flexible repayment tenures ranging from 1 month to 12 months allow you to repay comfortably at your convenience. Additionally, we offer financing up to 75% of your gold's market value, ensuring substantial funding while keeping your assets secure. Shriram Finance is committed to supporting Mysuru's residents with accessible and secure financial solutions. By pledging gold ornaments or coins with purity between 18 and 22 carats, you can achieve your financial goals without compromise. Get quick and easy help with your gold loan by applying online or stopping by your nearest Shriram Finance branch in Mysuru today!
Features and Benefits of Gold Loans in Mysuru
Gold loans in Mysuru offer an efficient and secure way to meet urgent financial requirements without selling your treasured gold assets. Here are the key features and benefits that make them an ideal choice:
Minimal Documentation
The loan process is seamless and straightforward, requiring only essential paperwork such as identity proof and address proof. This ensures quick approvals and eliminates unnecessary delays.
Maximum Finance
Borrow up to 75% of your gold's market value, determined by its pledged worth. This ensures substantial funding while retaining ownership of your gold.
Low Rate of Interest
Interest rates start from 10%* p.a., making borrowing cost effective. This competitive rate ensures affordability for both personal and business needs.
Flexible Tenure
Choose repayment options between 1 month and 1 year, with a minimum tenure of 1 month. This facilitates convenience and ease in managing repayments.
Borrow Smartly
Pay interest only for the period you use the loan, ensuring efficient financial management. This feature helps minimise borrowing costs.
Quick Approval
Experience rapid approval for your loan application, streamlining the process significantly. Gain immediate access to the funds you require.
Gold Loan Interest Rates in Mysuru
| 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 Mysuru
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
Submitting one document from each required category is mandatory for gold loan applications: 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 Mysuru
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 Mysuru
Gold Loan Customer Care in Mysuru
Toll Free
Gold Loan Status in Mysuru
You can easily track the status of your gold loan by inputting your reference number directly on our website. Alternatively, our dedicated customer care team is readily available to provide you with the latest updates. For a loan process that's both easy and effective, Shriram Finance is your ideal partner.
Gold Loan FAQs
Can I apply for a gold loan online in Mysuru?
Yes, you can conveniently apply for a gold loan online through Shriram Finance. The process is simple and user friendly, allowing you to start your application from the comfort of your home.
What is the interest rate on gold loans in Mysuru?
Interest rates begin at 10%* p.a. The final rate will depend on the market value of the pledged gold.
What is the tenure for a gold loan in Mysuru?
Flexible repayment tenure options are available, ranging from 1 month to 12 months, based on your needs.
Can I get a gold loan for any type of gold in Mysuru?
Shriram Finance accepts gold ornaments and coins with purity levels ranging from 18 to 22 carats.
Is there a maximum or minimum limit for a gold loan in Mysuru?
The loan amount is based on the market value of your gold, with up to 75% financing available.
What documents are required to apply for a gold loan in Mysuru?
To apply, you will need identity proof (Aadhaar Card, Passport, Driver's Licence, Voter ID, or PAN Card) and address proof (such as Aadhaar Card, Passport, Driver's Licence, Voter ID, Gas Connection Card, Water Bill, Electricity Bill, Prepaid Mobile Bill, or Landline Bill).
Are there any prepayment penalties on gold loans in Mysuru?
Shriram Finance generally does not charge prepayment penalties, allowing early loan repayment without additional fees. Always check your loan agreement for specific conditions.
How can I check the status of my gold loan application in Mysuru?
After registration, our representatives will process your application and keep you updated on its progress.
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.
