Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Ratlam
In Ratlam, gold is more than just a symbol of wealth-it represents cultural heritage and financial security. For generations, residents have relied on gold as a dependable asset during times of need. Gold loans in Ratlam provide a practical solution to leverage the value of your gold without having to sell it, offering quick access to funds for various purposes such as business investments, medical emergencies, or personal expenses. Shriram Finance understands the financial priorities of Ratlam's residents and offers gold loans designed to meet their unique needs. With a secure and transparent process, Shriram Finance ensures that borrowers can access funds efficiently while safeguarding their pledged gold. Competitive interest rates starting at 10%* p.a. and flexible repayment tenures ranging from 1 to 12 months make these loans highly adaptable to different financial situations. The application process is streamlined, requiring minimal documentation for faster approvals, and the interest is charged only for the duration the loan amount is utilised. Shriram Finance's commitment to customer satisfaction ensures that every borrower experiences a hassle free and reliable borrowing journey. Whether you're addressing urgent financial needs or planning for future opportunities, Shriram Finance's gold loans in Ratlam offer a trustworthy and convenient solution tailored to your requirements.
Features and Benefits of Gold Loans in Ratlam
The benefits and features of a gold loan offered by Shriram Finance are as follows:
Minimal Documentation
An easy loan process requiring minimal paperwork for faster approvals.
Low Rate of Interest
Competitive rates starting at 10%* p.a., keeping borrowing costs manageable.
Flexible Tenure
Repayment terms from one month to a year, giving you flexibility based on your finances.
Maximum Finance
Borrow up to 75% of the current market value of your gold.
Borrow Smartly
Interest applies only for the period you use the loan amount.
Quick Approval
Fast processing and quick approval ensure timely financial support.
Gold Loan Interest Rates in Ratlam
| 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 Ratlam
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 Ratlam
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 Ratlam
Gold Loan Customer Care in Ratlam
Toll Free
Gold Loan Status in Ratlam
Tracking your gold loan application status with Shriram Finance in Ratlam is quick and hassle free. Simply visit the official Shriram Finance website and enter your reference number to receive real time updates on your application. Alternatively, you can contact their customer care team at the toll free numbers. Shriram Finance's gold loans in Ratlam are designed to provide a secure and reliable way to access funds.
Gold Loan FAQs
Can I apply for a gold loan online in Ratlam?
Yes, applying for Shriram Gold Loan in Ratlam is simple and convenient. You can start the application process online through Shriram Finance's website or mobile app.
What is the interest rate on gold loans in Ratlam?
Shriram Finance provides gold loans in Ratlam with competitive interest rates commencing from 10%* p.a. It is important to note that the specific rate applicable is subject to various determinants, including the prevailing market valuation of the gold pledged as security.
What is the tenure for a gold loan in Ratlam?
Shriram Finance offers a range of flexible repayment choices, with loan terms spanning from a short 1 month up to a more extended 12 months. This variety allows you the convenience of selecting a repayment schedule that aligns precisely with your individual financial circumstances and preferences.
Can I get a gold loan for any type of gold in Ratlam?
Gold loans in Ratlam are available 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 Ratlam?
The loan amount is based on the gold's current market value, with up to 75% of its worth available as funding.
What documents are required to apply for a gold loan in Ratlam?
Applicants must provide valid identity proof (Aadhaar Card, Passport, Driver's Licence, Voter ID, or PAN Card) and address proof (such as utility bills or a Gas Connection Card).
Are there any prepayment penalties on gold loans in Ratlam?
Shriram Finance generally does not charge prepayment penalties. However, reviewing loan terms for complete clarity is recommended.
How can I check the status of my gold loan application in Ratlam?
You can track your application status online using the reference number provided at the time of application or by contacting our customer support team for real time updates.
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.
