Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Nagpur
Nagpur continues to flourish as a prominent centre for trade, logistics, and commercial activities. In this city, individuals and businesses often find themselves in need of immediate financial assistance. Whether it is for personal requirements like medical emergencies, education, home renovations, or business expansion, gold loans in Nagpur offer a reliable solution to secure funds without selling your valuable gold assets. With Shriram Finance, availing a gold loan is a seamless experience. The process is simple, requiring minimal documentation and quick approval to ensure you get the funds when you need them. Gold loans are structured to be accessible, offering competitive interest rates starting from 10%* p.a. and flexible repayment tenures ranging from 1 month to 12 months. These loans provide financial flexibility while allowing you to retain ownership of your gold assets. At Shriram Finance, we understand the diverse financial needs of Nagpur's residents. Our gold loan solutions are designed to provide security, convenience, and affordability. Whether you are a salaried employee, self employed professional, or business owner, we offer tailored financial assistance to help you meet your monetary goals efficiently. Visit your nearest branch and secure a gold loan in just a few steps!
Features and Benefits of Gold Loans in Nagpur
Gold loans are among the most preferred financial solutions due to their ease of access, minimal requirements, and quick processing. Find out the features and benefits that make gold loans in Nagpur a trusted financial solution:
Maximum Finance:
Secure a loan of up to 75% of the gold's market value, based on its pledged worth.
Low Rate of Interest:
Borrow at interest rates starting from 10%* p.a., keeping repayment manageable.
Flexible Tenure:
Repayment tenures range from 1 month to 1 year, with a minimum period of 1 month.
Minimal Documentation:
The loan process is smooth, with only basic documents required.
Borrow Smartly:
Pay interest only for the period you keep the loan, helping manage costs effectively.
Quick Approval:
Access funds quickly with fast approvals and minimal paperwork.
Gold Loan Interest Rates in Nagpur
| 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 Nagpur
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 Nagpur
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 Nagpur
Gold Loan Customer Care in Nagpur
Toll Free
Gold Loan Status in Nagpur
Tracking your gold loan application status is simple with Shriram Finance. Borrowers can check their application status online using their reference number or contact our customer support team for assistance. We ensure a transparent loan process, keeping you informed at every step of your borrowing journey. Experience convenient borrowing that supports your financial aims by selecting Shriram Finance.
Gold Loan FAQs
Can I apply for a gold loan online in Nagpur?
Yes, you can apply for a gold loan online through our website or the Shriram Finance mobile app. The online process is designed for convenience, allowing you to register, check eligibility, and initiate your loan request from the comfort of your home.
What is the interest rate on gold loans in Nagpur?
The interest rate for gold loans in Nagpur starts at 10%* p.a. The final applicable rate depends on factors such as the purity of the pledged gold, the loan amount, and the chosen tenure.
What is the tenure for a gold loan in Nagpur?
The tenures for a gold loan in Nagpur range from 1 month to 12 months. You can choose a repayment period that best suits your financial circumstances.
Can I get a gold loan for any type of gold in Nagpur?
Shriram Finance provides gold loans for ornaments and coins with purity levels between 18 to 22 carats.
Is there a maximum or minimum limit for a gold loan in Nagpur?
The loan amount depends on your gold's market value, with up to 75% financing available.
What documents are required to apply for a gold loan in Nagpur?
Applicants must provide valid identity proof (such as 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 Nagpur?
Shriram Finance generally does not charge any prepayment penalties, allowing you to repay your gold loan earlier than scheduled without incurring additional costs. This provides flexibility to borrowers who wish to close their loan early and save on interest charges. It is always advisable to review the loan agreement to confirm the terms before proceeding with early repayment.
How can I check the status of my gold loan application in Nagpur?
Once you have completed the registration process, our dedicated team will carefully review your profile. Rest assured, we will keep you updated on each stage 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.
