Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Nagercoil
Are you a resident of Nagercoil seeking a reliable and straightforward way to access some additional funds? Do you possess gold assets that you would be willing to use as security in order to obtain those funds? Opting for a Gold Loan from Shriram Finance offers a dependable and readily accessible route to unlock the financial potential held within your gold possessions, without having to sell those treasured items outright. We provide manageable repayment options, with highly competitive interest rates, means that choosing a Gold Loan in Nagercoil with Shriram Finance could be the ideal solution to help you to meet your individual financial ambitions and goals. At Shriram Finance, we fully appreciate that our customers' time is valuable, so we always strive to keep our loan application process as streamlined and efficient as possible. This ensures that it's a straightforward and hassle free process for residents of Nagercoil to gain access to the funds that they need, while keeping hold of their valuable gold assets.
Features and Benefits of Gold Loans in Nagercoil
There are many features and benefits associated with choosing a gold loan with Shriram Finance in Nagercoil:
Choose a Repayment Plan that suits you
Design a repayment schedule that works for you and meets your individual needs. The minimum loan duration is 1 month, with a maximum loan duration of 1 year.
High Borrowing Amounts
Borrow up to 75% of the actual value of your gold.
Only Pay for What You Use
With Shriram Finance, you'll only ever pay interest for the time that you are actively using the loan.
Speedy Approvals Process
Our easy and streamlined process means we can approve your loan and get the money to you quickly.
Competitive Interest Rates
Take advantage of our competitive interest rates, which start at just 10%* per year.
Hassle Free Paperwork
Shriram Finance does everything it can to keep paperwork to a minimum, and our application process is quick and simple.
Gold Loan Interest Rates in Nagercoil
| 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 Nagercoil
Proof of Address
Any one of the following: Aadhaar Card, Passport, Driver's License, Voter ID, Gas Connection Card, Water Bill, Electricity Bill, Prepaid Mobile Bill, or Landline Bill.
Proof of Identity
Any one of the following: Aadhaar Card, Passport, Driver's License, Voter ID, or PAN Card. (If you do not have a PAN Card, you can submit Form 60). Age Requirement: Applicants must be between 18 and 75 years* of age. Applicant Type: Individuals who are salaried, self employed, professionals, business owners, and others, are eligible to apply.
Step by Step Application Process for Gold Loans in Nagercoil
You can apply for a gold loan with Shriram Finance in just four simple steps. Here's how:
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 Nagercoil
Gold Loan Customer Care in Nagercoil
Toll Free
Gold Loan Status in Nagercoil
You can track the progress of your loan application on our website, simply by logging in and viewing your account. Alternatively, you can contact our customer care team, and they'll be able to provide you with an update.
Gold Loan FAQs
Can I apply for a gold loan online in Nagercoil?
Absolutely! Shriram Finance offers a convenient online application process for gold loans in Nagercoil. Visit our official website or download our mobile app to start your application. You can complete the entire process digitally, saving time and avoiding unnecessary branch visits.
What is the interest rate on gold loans in Nagercoil?
Our gold loan interest rates start from 10%* per annum. The final rate depends on the market value of the gold you pledge, the loan amount, and current market conditions. We offer transparent and competitive rates tailored to your specific financial needs.
What is the tenure for a gold loan in Nagercoil?
We provide flexible loan tenures ranging from 1 month to 12 months. Choose a repayment period that best suits your financial situation. You can also discuss prepayment or tenure extension options with our loan counsellors.
Can I get a gold loan for any type of gold in Nagercoil?
Shriram Finance accepts gold ornaments and coins between 18 to 22 carats. Our expert team will carefully evaluate the purity and weight of your gold to determine the loan amount you qualify for.
Is there a maximum or minimum limit for a gold loan in Nagercoil?
We offer loans up to 75% of your gold's current market value. The loan amount is directly linked to the quantity and quality of gold you pledge as security. Our transparent valuation ensures you get the maximum possible loan.
What documents are required to apply for a gold loan in Nagercoil?
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 Nagercoil?
Shriram Finance typically does not impose prepayment penalties on gold loans. This allows you to prepay your loan without incurring extra 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 Nagercoil?
After completing the registration process, representatives will evaluate your profile and revert 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.
