Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Raichur
Are you a resident of Raichur needing access to funds? A Gold Loan in Raichur from Shriram Finance provides a way to use your gold assets without selling them. Instead of parting with your precious gold jewellery or coins, you can use their value to address immediate financial needs. Shriram Finance offers gold loan services across India, including Raichur, with benefits to suit your circumstances. Shriram Finance is known for its streamlined application process, quick disbursal times, and flexible repayment options, making it a good choice if you need money quickly. With tenures of 1 month to 12 months and interest rates starting from 10%* p.a., Shriram Finance helps you get the funds you need.
Features and Benefits of Gold Loans in Raichur
Opting for a Shriram Gold Loan in Raichur unlocks a range of advantageous features:
Swift Loan Approval:
Experience a fast and efficient loan approval process, ensuring you receive the funds you need without unnecessary delays.
Flexible Repayment Options:
Choose a repayment plan that fits your budget, with options ranging from monthly instalments to lump sum payments at the end of the loan term. The loan tenure ranges from 1 month to 1 year.
Simplified Documentation:
Enjoy a streamlined application process with minimal paperwork, making it quick and easy to get the funds you need.
Optimised Loan to Value Ratio:
Access up to 75% of your gold's current market value as a loan. Gold loans are designed to maximise the amount you can borrow against your pledged gold.
Interest Optimisation:
With Shriram Finance, you only pay interest for the exact duration you utilise the loan amount, allowing you to save money when you repay early.
Competitive Interest Rates:
Benefit from attractive interest rates, starting from 10%* p.a., making borrowing affordable.
Gold Loan Interest Rates in Raichur
| 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 Raichur
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 Raichur
Here's how to get a gold loan 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 Raichur
Gold Loan Customer Care in Raichur
Toll Free
Gold Loan Status in Raichur
To check the status of your gold loan application, visit our website and enter your application reference number. Alternatively, contact customer care for real time updates. By choosing Shriram Finance, you can enjoy a simple borrowing experience designed to help you meet your financial goals in Raichur.
Gold Loan FAQs
Can I apply for a gold loan online in Raichur?
Absolutely! Shriram Finance offers a convenient online application process for gold loans in Raichur. Visit our official website or download our mobile app to start your application. You can complete the entire process digitally, saving time and avoiding unnecessary branch visits.
What is the interest rate on gold loans in Raichur?
Our gold loan interest rates start from 10%* per annum. The final rate depends on the market value of the gold you pledge, the loan amount, and current market conditions. We offer transparent and competitive rates tailored to your specific financial needs.
What is the tenure for a gold loan in Raichur?
We provide flexible loan tenures ranging from 1 month to 12 months. Choose a repayment period that best suits your financial situation. You can also discuss prepayment or tenure extension options with our loan counsellors.
Can I get a gold loan for any type of gold in Raichur?
Shriram Finance accepts gold ornaments and coins between 18 to 22 carats. Our expert team will carefully evaluate the purity and weight of your gold to determine the loan amount you qualify for.
Is there a maximum or minimum limit for a gold loan in Raichur?
We offer loans up to 75% of your gold's current market value. The loan amount is directly linked to the quantity and quality of gold you pledge as security. Our transparent valuation ensures you get the maximum possible loan.
What documents are required to apply for a gold loan in Raichur?
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 Raichur?
Shriram Finance typically does not impose prepayment penalties on gold loans. Please review your loan agreement to confirm that there are no specific prepayment penalties applicable to your loan.
How can I check the status of my gold loan application in Raichur?
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.
