Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Pathankot
Pathankot, a vibrant city in Punjab, offers numerous opportunities for individuals to utilise gold loans as a means of securing immediate funds during financial constraints. This financial solution has gained significant popularity among local residents who can confidently leverage their gold assets without permanently parting with their precious possessions when unexpected expenses arise. Shriram Finance, a trusted name in the financial sector, provides specialised Gold Loans in Pathankot, meticulously tailored to meet the diverse needs of local borrowers. With a strong understanding of the regional financial landscape, Shriram Finance has established itself as a reliable partner for Pathankot residents seeking quick financial assistance against their gold assets. The benefits of Shriram Gold Loans include a straightforward application process and swift approval, enabling individuals to access funds promptly when required. With flexible loan terms ranging from 1 month to 12 months and interest rates starting at just 10%* p.a., Shriram Finance supports Pathankot residents in achieving their financial objectives.
Features and Benefits of Gold Loans in Pathankot
Shriram Gold Loans offer a range of appealing features and benefits:
Flexible Tenure
Pay your loan back whenever you want, providing you with control over your finances and repayment schedule. While there is a minimum loan duration requirement of 1 month, the loan tenure extends generously up to 12 months, allowing you to choose a timeframe that best suits your financial planning and income stability.
Minimal Documentation
Understanding the value of your time, Shriram Finance has designed a process that involves minimal paperwork and is remarkably hassle free. The simplified documentation requirements ensure that you can complete the application process quickly without navigating through complex procedures, making gold loans accessible even to those unfamiliar with extensive financial paperwork.
Borrow Smartly
One of the most advantageous aspects of these gold loans is that you pay interest only for the period the gold loan is utilised. This feature allows for significant cost savings compared to traditional loan products where interest is often charged for the entire sanctioned period regardless of actual usage.
Maximum Finance
Borrow up to 75% of your gold value, ensuring you receive adequate funds proportionate to the assets you pledge. Gold loans are offered for amounts of up to 75%* of the current market value of the gold pledged as collateral or security, providing you with substantial financial support when needed while maintaining a reasonable loan to value ratio.
Low Rate of Interest
With interest rates starting from an attractive 10%* p.a., Shriram Finance ensures that borrowing against your gold remains an economically viable option. These competitive rates make gold loans in Pathankot an affordable solution for various financial needs, from personal emergencies to business opportunities.
Quick Approval
Reliability and faster loan approvals with minimal documentation requirements set Shriram Gold Loans apart from conventional lending options. This accelerated process ensures that funds are disbursed quickly, often within hours of application, addressing the urgent nature of many borrowing needs.
Gold Loan Interest Rates in Pathankot
| 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 Pathankot
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 Pathankot
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 Pathankot
Gold Loan Customer Care in Pathankot
Toll Free
Gold Loan Status in Pathankot
Visit our website to check the status of your gold loan application by entering your reference number. You can also contact our customer care team via telephone for instant updates.
Gold Loan FAQs
Can I apply for a gold loan online in Pathankot?
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 Pathankot?
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 Pathankot?
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 Pathankot?
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 Pathankot?
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 Pathankot?
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 Pathankot?
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 Pathankot?
After completing the registration process, representatives will evaluate your profile and revert 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.
