Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Porbandar
Porbandar, a city with deep historical and cultural ties, has long recognised the importance of gold as a store of value. For generations, gold jewellery has been cherished not only for its beauty but also for its ability to serve as a financial cushion in times of need. A gold loan is a simple and effective way for individuals to access quick funds by pledging their gold. It offers a practical solution for those in need of urgent financial support without having to liquidate their assets. Shriram Finance brings flexible and accessible gold loan options to Porbandar, offering loan tenures from 1 to 12 months. With interest rates beginning at 10%* p.a., borrowers can access funds at competitive rates. The loan approval process is efficient, and minimal documentation is required, ensuring a smooth experience for all applicants. If you are in need of quick financial assistance and have gold to pledge, Shriram Finance is your trusted partner. Reach out to Shriram Finance today to discover how our gold loans in Porbandar can help you meet your immediate financial requirements.
Features and Benefits of Gold Loans in Porbandar
Find out why our gold loans are a popular financial solution in Porbandar:
Flexible Tenure:
Gold loans in Porbandar offer a range of flexible tenure options, from 1 to 12 months, giving borrowers the freedom to choose a loan period that fits their financial needs. This ensures comfortable and manageable repayments according to your schedule.
Quick Approval:
The approval process for gold loans is rapid, enabling you to receive your loan amount without unnecessary waiting. This quick turnaround is especially beneficial during urgent financial situations.
Low Rate of Interest:
Gold loans come with attractive interest rates starting from 10% p.a.*, providing borrowers with an affordable financing option. This low interest rate ensures that repayments remain manageable and do not become a financial burden.
Borrow Smartly:
Pay interest only for the period your loan remains active, giving you the flexibility to manage your finances more efficiently. This feature makes gold loans a smart and cost effective borrowing option.
Minimal Documentation:
Gold loans in Porbandar require minimal paperwork, making the entire application process quick and hassle free. This reduces the effort and time spent on obtaining the loan, allowing you to access funds without complications.
Maximum Finance:
You can borrow up to 75% of your gold's current value, allowing you to secure a larger loan amount for your financial requirements. This high loan to value ratio ensures that you receive the financial support you need.
Gold Loan Interest Rates in Porbandar
| 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 Porbandar
Address Proof:
Aadhaar Card, Passport, Driver's Licence, Voter ID, Gas Connection Card, Water Bill, Electricity Bill, Prepaid Mobile Bill, or Landline Bill.
Identity Proof:
Aadhaar Card, Driver's Licence, Passport, 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 Porbandar
Our 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 us.
Step 3:
Visit our branch with your gold assets.
Step 4:
Complete verification and receive the loan amount.
Our Gold Loan Branches in Porbandar
Gold Loan Customer Care in Porbandar
Toll Free
Gold Loan Status in Porbandar
Easily stay updated on the status of your gold loan in Porbandar with Shriram Finance's hassle free tracking options. If you have your reference number, you can quickly check the status of your gold loan online through Shriram Finance's website. If you require further assistance or have additional queries, you can reach out to Shriram Finance's dedicated customer support team. Experience the ease and efficiency of gold loans with Shriram Finance.
Gold Loan FAQs
Can I apply for a gold loan online in Porbandar?
Absolutely! You can apply through our website or the Shriram Finance mobile app for a fast and convenient process.
What is the interest rate on gold loans in Porbandar?
Our gold loan interest rates start at 10%* p.a., with the specific rate based on the current market value of your pledged gold.
What is the tenure for a gold loan in Porbandar?
We offer flexible repayment tenures from 1 month to 12 months.
Can I get a gold loan for any type of gold in Porbandar?
Yes, we provide loans against gold jewellery and coins with a purity ranging from 18 to 22 carats.
Is there a maximum or minimum limit for a gold loan in Porbandar?
The loan amount is based on your gold's current market value, with financing up to 75% of that value.
What documents are required to apply for a gold loan in Porbandar?
You'll need identity proof (Aadhaar Card, Passport, Driver's Licence, Voter ID, or PAN Card) and address proof (Aadhaar Card, Passport, Driver's Licence, Voter ID, or utility bills).
Are there any prepayment penalties on gold loans in Porbandar?
Generally, Shriram Finance does not impose prepayment penalties, allowing you to pay off your loan early without extra fees. Always check your loan agreement for specific terms.
How can I check the status of my gold loan application in Porbandar?
After applying for a gold loan, you will receive application updates. You can track the process online or contact customer care for further information.
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.
