Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Puri
Puri is a city located in Odisha, famous for its historical significance and cultural heritage. For those in need of quick financial assistance, the Gold Loan in Puri provides a convenient solution. This loan allows individuals to unlock the value of their gold without parting with it, making it an attractive option for addressing financial emergencies. Gold loans in Puri provide a practical financial solution for residents facing immediate cash requirements without needing to sell their precious gold assets. This financial instrument allows individuals to leverage their gold jewellery and ornaments as collateral while retaining ownership, making it an ideal choice for those seeking short term funding without compromising their long term financial security. Shriram Finance's Gold Loan is notable for its quick approval process and flexible repayment terms. With interest rates starting from 10%*p.a., this loan is particularly appealing for residents seeking immediate financial support.
Features and Benefits of Gold Loans in Puri
In Puri, Shriram Finance offers a Gold Loan with several attractive features:
Maximum Finance
Customers can access loans up to 75% of their gold's current market value. This substantial loan to value ratio ensures that borrowers receive adequate funds to address their financial requirements without undervaluing their assets. The valuation process is transparent and adheres to industry standards, giving customers confidence in the fairness of the appraisal.
Minimal Documentation
Understanding the urgency often associated with financial needs, Shriram Finance has simplified the documentation process for gold loans. The streamlined paperwork requirements eliminate delays, allowing customers to focus on their immediate needs rather than navigating complex application procedures. This approach particularly benefits individuals without extensive financial documentation or those seeking quick resolution to their financial concerns.
Flexible Tenure
The repayment flexibility offered by Shriram Finance sets its gold loans apart in Puri's financial landscape. With tenure options ranging from 1 to 12 months, borrowers can customise their repayment schedule according to their income patterns and financial planning. This flexibility proves especially valuable for seasonal workers, small business owners, and those with variable income streams who may prefer aligning their repayment schedule with their earnings cycle.
Low Rate of Interest
Interest rates start from 10%*p.a., offering a cost effective option. These favourable rates translate to lower repayment burdens, making the loan more manageable for borrowers across income brackets. The transparent interest calculation method further enhances trust and ensures customers clearly understand their financial obligations.
Borrow Smartly
Pay interest only for the period you use the loan, providing flexibility in repayment. This usage based interest model provides substantial savings compared to traditional loans that might charge for the entire sanctioned period regardless of early repayment. This feature particularly benefits borrowers who anticipate early loan settlement or those who need funds for a shorter duration than initially planned.
Quick Approval
Enjoy fast and reliable loan approvals to meet your urgent financial needs. The efficient evaluation and disbursement system ensures that eligible borrowers receive funds within hours of application completion. This quick turnaround time can be crucial for addressing urgent medical expenses, educational fee deadlines, or time sensitive business opportunities.
Gold Loan Interest Rates in Puri
| 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 Puri
Address Proof
Aadhar Card, Passport, Driver's License, Voter ID, Gas Connection Card, Water Bill, Electricity Bill, Prepaid Mobile Bill, or Landline Bill.
Identity Proof
Aadhar Card, Passport, Driver's License, Voter ID, or PAN Card (submit Form 60 if PAN Card is not available). Who Can Apply Eligible applicants include salaried individuals, self employed professionals, business owners, and other individuals. Age Applicants must be between 18* and 75* years old.
Step by Step Application Process for Gold Loans in Puri
The straightforward Gold Loan Application Process at Shriram Finance in Puri allows you to obtain 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 Puri
Gold Loan Customer Care in Puri
Toll Free
Gold Loan Status in Puri
Residents of Puri can leverage Shriram Finance's Gold Loan for their financial requirements. To monitor your application's progress, visit our website or contact our customer care team for immediate updates. By opting for Shriram Finance, you can enjoy a seamless financial experience tailored to meet your objectives in Puri.
Gold Loan FAQs
Can I apply for a gold loan online in Puri?
Yes, you can submit your application via our website or mobile app.
What is the interest rate on gold loans in Puri?
The interest rate starts at 10%*p.a. The final rate may vary based on the market value of the gold used as collateral.
What is the tenure for a gold loan in Puri?
You can select a loan tenure from 1 month to 12 months.
Can I get a gold loan for any type of gold in Puri?
Gold loans are available for 18 to 22 carats gold ornaments and coins.
Is there a maximum or minimum limit for a gold loan in Puri?
The loan amount is contingent upon the value of your gold. Loans up to 75% of the gold's value are available.
What documents are required to apply for a gold loan in Puri?
Typically, you need to provide identity proof (such as an Aadhar Card, Passport, Driver's License, Voter ID, or PAN Card) and address proof (like an Aadhar Card, Passport, Driver's License, Voter ID, Gas Connection Card, Water Bill, Electricity Bill, Prepaid Mobile Bill, or Landline Bill).
Are there any prepayment penalties on gold loans in Puri?
Generally, prepayment penalties are not imposed. However, it is advisable to confirm the terms in your loan agreement.
How can I check the status of my gold loan application in Puri?
Following the registration process, our representatives will assess your profile and contact you regarding the status of your gold loan application.
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.
