Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Palampur
Gold loans in Palampur are an excellent option for quickly accessing funds in the region. They provide a dependable way to unlock the value of your gold assets. Rather than selling your precious gold jewellery or coins, you can utilise their worth to meet immediate financial needs.You can take advantage of the services offered by Shriram Finance which provides gold loan solutions across the country. Shriram Finance is well known for its efficient application process, rapid approval times and flexible repayment options, making it a top choice for individuals and businesses in need of prompt financial support.With flexible tenures ranging from 1 month to 12 months and attractive interest rates starting at 10%* p.a. Shriram Finance is well acquainted with the business landscape in Palampur. By simplifying the application process, we enable you to secure capital quickly and effortlessly.
Features and Benefits of Gold Loans in Palampur
The features and benefits of Shriram Gold Loans are:
Flexible Tenure
Repay the loan whenever required, with a minimum term of one month and a maximum of one year. This flexibility allows you to align your loan repayments with your financial plans, providing peace of mind and reducing financial stress. You can choose a repayment period that best suits your financial situation.
Minimal Documentation
Our gold loan process in Hamirpur involves minimal paperwork, ensuring that you can access funds quickly and easily. This streamlined approach saves time and effort, making it ideal for urgent financial needs. You won't have to deal with extensive documentation, allowing you to focus on your immediate financial requirements.
Borrow Smartly
Interest is charged only for the duration you use the loan, helping you save on costs. This feature is particularly beneficial if you require funds for a short period, as it minimises your overall loan expenses. By paying interest only at the time you use the loan, you can manage your finances more efficiently.
Maximum Finance
Obtain up to 75%* of your pledged gold's market value as a loan. This ensures you get the best possible value for your gold while keeping it safe. Whether you need funds for medical expenses, education, or business needs, this high loan to value ratio provides you with the financial flexibility you need.
Quick Approval
Benefit from a smooth and quick loan approval process with minimal paperwork. Our efficient system ensures prompt access to funds when you need them most. This quick turnaround is essential in urgent financial situations.
Low Rate of Interest
Gold loan interest rates start at 10%* p.a., making borrowing cost effective and affordable. This competitive rate helps you manage your loan costs effectively, ensuring that you can meet your financial obligations without undue strain.
Gold Loan Interest Rates in Palampur
| 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 Palampur
Address Proof
Aadhaar Card, Passport, Driver's License, Voter ID, Gas Connection Card, Water Bill, Electricity Bill, Prepaid Mobile Bill, or Landline Bill.
Identity Proof
Aadhaar Card, Passport, Driver's License, 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 Palampur
Their 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 them.
Step 3:
Visit their branch with your gold assets.
Step 4:
Complete verification and receive the loan amount.
Our Gold Loan Branches in Palampur
Gold Loan Customer Care in Palampur
Toll Free
Gold Loan Status in Palampur
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. Choose Shriram Finance today to learn more about gold loan charges and enjoy a peaceful borrowing experience.
Gold Loan FAQs
Can I apply for a gold loan online in Palampur?
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 Palampur?
The interest rate starts from 10%* p.a. However, the final gold 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 Palampur?
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 Palampur?
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 Palampur?
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 Palampur?
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 Palampur?
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 Palampur?
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.
