Gold Loans in Phek

Understanding the importance of making your assets work effectively for you, Shriram Finance offers loans of up to 75%* of your gold's current market value. This significant loan to value ratio ensures you receive substantial funding proportionate to your collateral's worth, maximising the utility of your gold assets while maintaining compliance with regulatory guidelines.

With interest rates beginning from an attractive 10%* p.a., Shriram Finance maintains a commitment to affordability that helps minimise your borrowing costs. This competitive rate structure makes gold loans an economically viable option compared to unsecured loans, which typically carry significantly higher interest burdens. The reasonable interest rates ensure that borrowing costs remain manageable, preventing excessive debt accumulation while facilitating access to necessary funds.

Pay your loan back whenever you want, but there is a minimum loan duration of 1 month. The loan tenure ranges from 1 month to 12 months. This flexibility gives you the freedom to select the timeline that best fits your financial situation and repayment capacity. This adaptability proves especially valuable during uncertain economic periods when financial planning requires maximum flexibility and the ability to adjust to changing circumstances.

The process involves minimal paperwork and is hassle free. This streamlined approach eliminates unnecessary delays that typically slow down the loan approval process, allowing you to complete the application quickly and efficiently without sacrificing essential verification standards or security protocols.

Pay interest only for the period the gold loan is used for. This pay for what you use model represents significant savings compared to traditional loans where interest accrues regardless of whether you're actively using the borrowed funds, making it an economically sound choice for short term financial needs or situations where early repayment is likely.

Reliable and faster loan approvals with minimal documentation. Shriram Finance has developed reliable and faster loan approval mechanisms that maintain necessary verification standards while significantly reducing waiting periods. This efficiency is achieved through streamlined processes and minimal documentation requirements, ensuring you receive funds when you need them most, without the stress and uncertainty that often accompanies loan applications.