Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Pollachi
Are you a resident of Pollachi needing access to extra money for a business venture or an unexpected bill? Rather than parting with your precious gold jewellery or cherished coins, you can leverage their inherent value to address your immediate financial needs. The combination of manageable repayment options and attractive interest rates means that securing a Gold Loan in Pollachi could be the perfect solution to meet your individual financial requirements. Shriram Finance is committed to providing exceptional customer service and have designed the loan application process to be as straightforward and easy to follow as possible, ensuring that you can access the money you need with the minimum of delay.
Features and Benefits of Gold Loans in Pollachi
There are a number of features and benefits that are associated with choosing a gold loan with Shriram Finance in Pollachi:
Maximise your borrowing
You can borrow up to 75% of the actual market value of your gold items, enabling you to access the maximum amount of funds.
Low Interest Rates
Our interest rates are competitive, and start from just 10%* per annum.
Repay in a way that suits you
We offer a range of flexible repayment plans, enabling you to design a schedule that fits your individual financial needs. Our minimum loan duration is 1 month, and the maximum loan duration is 1 year.
Simple and Easy Paperwork
We want the application process to be as straightforward as possible, which is why we strive to keep the paperwork to a minimum.
Interest Efficiency
You only pay interest for the time that you are actively using the loan, reducing the overall cost of borrowing.
Speedy Approval
Our quick and efficient processes have been designed to ensure that your loan is approved and paid out with as little delay as possible.
Gold Loan Interest Rates in Pollachi
| 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 Pollachi
Proof of Address
Any one of the following: Aadhaar Card, Passport, Driver's License, Voter ID, Gas Connection Card, Water Bill, Electricity Bill, Prepaid Mobile Bill, or Landline Bill.
Proof of Identity
Any one of the following: Aadhaar Card, Passport, Driver's License, Voter ID, or PAN Card. (If you do not have a PAN Card, you can submit Form 60). Age Requirement: Applicants must be between 18 and 75 years* of age. Applicant Type: Individuals who are salaried, self employed, professionals, business owners, and others, are eligible to apply.
Step by Step Application Process for Gold Loans in Pollachi
Our application process is designed to be as simple and straightforward as possible. Here are the four simple steps that you need to follow:
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 Pollachi
Gold Loan Customer Care in Pollachi
Toll Free
Gold Loan Status in Pollachi
Monitor your gold loan application progress with ease by simply entering your unique reference number on our official website portal. For instant updates or clarifications, don't hesitate to connect with our knowledgeable support team available 7 days a week. If you're looking to secure a gold loan in Pollachi, Shriram Finance offers a streamlined and user centric application process from beginning to end. We provide disbursement options including direct bank transfer, cheque, or cash depending on your preference and convenience. Our dedicated relationship managers are assigned to each customer to provide personalized guidance throughout the loan term. Additionally, we offer a part payment facility that allows you to reduce your interest burden at any point during the loan period.
Gold Loan FAQs
Can I apply for a gold loan online in Pollachi?
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 Pollachi?
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 Pollachi?
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 Pollachi?
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 Pollachi?
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 Pollachi?
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 Pollachi?
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 Pollachi?
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.
