Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loan in Patiala
Patiala, a city in Punjab, is known for its rich cultural heritage and historical significance. The Gold Loan in Patiala offers a convenient way to unlock the value of your gold assets, providing quick financial solutions with minimal documentation. This loan allows individuals to retain ownership of their gold while accessing necessary funds for personal or business needs. Shriram Finance provides loans up to 75%* of the gold's market value for the Gold Loan in Patiala, ensuring substantial financial support. With interest rates starting from 10%* p.a. and flexible repayment options, this loan is particularly appealing for addressing financial emergencies or investing in new opportunities. Shriram Finance's streamlined process and secure gold storage further enhance its appeal. In addition to competitive interest rates, Shriram Finance offers a hassle free application process. The minimal documentation required means you can get your loan approved quickly, without the usual bureaucratic delays. This is particularly beneficial in times of urgent financial need, where quick access to funds is crucial. Moreover, the flexible repayment options allow you to choose a tenure that best suits your financial situation, ensuring that you can repay the loan comfortably without straining your finances. The secure storage of your gold by Shriram Finance provides peace of mind, knowing that your valuable assets are safe while you utilise the funds for your needs. Whether you need funds for personal expenses, business investments, or emergencies, the Gold Loan in Patiala from Shriram Finance offers a reliable and efficient solution. Unlock the potential of your gold assets and meet your financial goals with ease and confidence.
Features and Benefits of Gold Loans in Patiala
In Patiala, Shriram Gold Loans comes with these key features:
Borrow Smartly:
With Shriram Finance, interest is only applicable for the period you utilise the loan. This means that if you repay the loan early, you save on interest costs, making it a cost effective borrowing option. This feature allows you to manage your finances more efficiently and avoid unnecessary expenses.
Minimal Documentation:
Shriram Finance in Jalandhar offers a straightforward gold loan process that requires minimal paperwork. This ensures that you can access funds quickly and easily, without the hassle of extensive documentation. The streamlined approach saves time and effort, making it ideal for urgent financial needs.
Flexible Tenure:
You can repay your loan at your convenience, with a tenure ranging from one month to one year. This flexibility ensures that you can choose a repayment schedule that best suits your financial situation, providing peace of mind and reducing financial stress.
Quick Approval:
Shriram Finance offers quick loan approvals with minimal documentation. The efficient approval process ensures that you get the funds you need promptly, which is particularly beneficial in urgent financial situations where time is of the essence.
Maximum Finance:
You can get a loan of up to 75%* of your pledged gold's market value. This high loan to value ratio ensures that you can access a substantial amount of funds based on the value of your gold. Whether you need money for medical expenses, education, or business growth, this feature provides you with the financial flexibility you need.
Low Rate of Interest:
Shriram Finance offers competitive interest rates starting at 10%* p.a. These low rates make borrowing cost effective and affordable, helping you manage your loan costs without undue strain. The attractive interest rates ensure that you can repay the loan comfortably, making it easier to meet your financial obligations.
Gold Loan Interest Rates in Patiala
| 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 Patiala
Address Proof
Passport, Driver's License, Voter ID, Gas Connection Card, Prepaid Mobile Bill, Aadhaar Card, Water Bill, Electricity 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). Who can apply? Salaried, self employed professionals, business owners, self employed, and other individuals. Age: 18* to 75* years.
Step by Step Application Process for Gold Loans in Patiala
In Patiala, securing a gold loan is quick and can be completed in four simple 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 Patiala
Gold Loan Customer Care in Patiala
Toll Free
Gold Loan Status in Patiala
Check your gold loan application status online by entering your reference number. For live updates, connect with our customer care team. Apply for a gold loan in Patiala with Shriram Finance today!
Gold Loan FAQs
Can I apply for a gold loan online in Patiala?
Yes, applying for a gold loan online is simple. You can complete the process through our website or mobile app.
What is the interest rate on gold loans in Patiala?
The interest rate starts from 10%* p.a. The final rate is determined based on the pledged gold's market value.
What is the tenure for a gold loan in Patiala?
The repayment tenure options range from 1 month to 12 months.
Can I get a gold loan for any type of gold in Patiala?
Shriram Finance provides gold loans for jewellery and coins of 18 to 22 carats.
Is there a maximum or minimum limit for a gold loan in Patiala?
The loan amount depends on the pledged gold's market valuation, with financing available up to 75%*.
What documents are required to apply for a gold loan in Patiala?
Applicants need to provide identity proof (Aadhaar Card/PAN Card/Passport/Voter ID/Driving Licence) and address proof (Aadhaar Card/Utility Bills/Passport/Driving Licence).
Are there any prepayment penalties on gold loans in Patiala?
Shriram Finance generally does not impose prepayment penalties, allowing you to close your loan early without additional charges. Always check your loan agreement for exact details.
How can I check the status of my gold loan application in Patiala?
After applying, our team will review your details and provide timely updates on your loan status.
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.
