Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Rohtak
Rohtak is a city in Haryana, known for its agricultural activities and educational institutions. The Gold Loan in Rohtak offers a reliable means to leverage gold assets for immediate financial needs. The gold loan offers numerous advantages that make it particularly attractive in the current economic climate. Unlike conventional loans that often involve lengthy approval processes and stringent eligibility criteria, gold loans provide quick access to funds with minimal documentation. This makes them an ideal solution for individuals and small business owners who need urgent financial assistance without the complexities associated with traditional lending options. Shriram Finance provides a seamless application process for the Gold Loan, ensuring minimal documentation and quick financial assistance. With competitive interest rates and secure gold storage, this loan is ideal for addressing financial emergencies or investing in new opportunities.
Features and Benefits of Gold Loans in Rohtak
Shriram Finance provides a Gold Loan in Rohtak with several key benefits:
Quick Approval
In today's fast paced world, time is of the essence, especially when dealing with financial emergencies. Shriram Finance understands this urgency and has streamlined its approval process to provide same day loan disbursements in many cases. This rapid processing ensures that you can address pressing financial matters without unnecessary delays. The verification procedures are efficient yet thorough, maintaining security without causing inconvenience.
Low Rate of Interest
With interest rates starting from 10%*p.a., Shriram Finance offers one of the most competitive rates in the market. This affordability factor makes gold loans accessible to a wider segment of the population in Rohtak. The interest structure is transparent, without hidden charges or surprise fees that might affect your repayment planning. For borrowers with good credit histories or higher value gold assets, there may be opportunities for even more favourable rates through negotiation.
Flexible Tenure
Understanding that financial situations and repayment capabilities vary among individuals, Shriram Finance offers loan tenures ranging from 1 month to 12 months. This flexibility allows you to align your repayment schedule with your income flow, reducing financial stress during the loan period. Whether you need a short term solution or a more extended repayment window, the options are designed to accommodate your specific needs.
Borrow Smartly
One of the most advantageous aspects of Shriram Finance's Gold Loan is the ability to pay interest only for the period the loan is utilised. This means if you repay your loan earlier than the agreed tenure, you can save on interest payments. This feature is particularly beneficial for seasonal businesses or individuals expecting lump sum payments in the near future, as it optimises the cost of borrowing.
Minimal Documentation
The documentation process has been simplified to ensure a hassle free experience. Unlike traditional loans that require extensive paperwork and verification, gold loans require only basic identity and address proof documents. This reduction in paperwork not only speeds up the process but also makes these loans accessible to individuals who may not have comprehensive documentation readily available.
Maximum Finance
You can secure a loan up to 75%* of your gold's current market value, which is the regulatory maximum allowed by the Reserve Bank of India. This high loan to value ratio ensures that you can maximise the utility of your gold assets when needed. The valuation process is transparent, with certified appraisers determining the exact purity and weight of your gold to provide a fair market value assessment.
Gold Loan Interest Rates in Rohtak
| 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 Rohtak
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). Age: Applicants must be between 18* and 75* years old. Who Can Apply: Salaried individuals, self employed professionals, business owners, and other eligible individuals can apply.
Step by Step Application Process for Gold Loans in Rohtak
The Gold Loan Application Process at Shriram Finance in Rohtak is designed to be easy and efficient, helping you get 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 Rohtak
Gold Loan Customer Care in Rohtak
Toll Free
Gold Loan Status in Rohtak
In Rohtak, individuals looking for efficient financial solutions can rely on Shriram Finance's Gold Loan. To stay updated on your application, visit our website or reach out to our customer care team for real time information. With Shriram Finance, you can experience a hassle free financial journey designed to align with your goals in Rohtak.
Gold Loan FAQs
Can I apply for a gold loan online in Rohtak?
Yes, you can apply for a gold loan through our website or mobile app.
What is the interest rate on gold loans in Rohtak?
The interest rate starts at 10%*p.a. The final rate offered by the financial institution may depend on the market value of the pledged gold.
What is the tenure for a gold loan in Rohtak?
You can choose a loan tenure from 1 month to 12 months.
Can I get a gold loan for any type of gold in Rohtak?
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 Rohtak?
The loan amount depends on your gold's value. Loans up to 75% of the gold's value are offered.
What documents are required to apply for a gold loan in Rohtak?
You typically need 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 Rohtak?
Generally, prepayment penalties are not imposed. However, it is advisable to review your loan agreement for any specific terms.
How can I check the status of my gold loan application in Rohtak?
After completing the registration process, our representatives will evaluate your profile and contact you regarding your application status.
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.
