Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Salem
Gold jewellery holds a special place in the hearts of Salem's residents, symbolising both cultural heritage and financial security. It is often regarded as a reliable asset, especially during times of financial need. Gold loans in Salem provide an efficient and practical way to unlock the value of your gold without having to sell it. Whether you need funds for personal expenses, medical emergencies, business growth, or educational purposes, gold loans offer a quick and convenient solution. Shriram Finance is dedicated to providing a seamless borrowing experience for the people of Salem. With competitive interest rates starting at just 10%* p.a. and flexible repayment tenures ranging from 1 to 12 months, our gold loans are designed to meet diverse financial needs. The process is transparent and secure, ensuring that your pledged gold is handled with utmost care while you access funds quickly. Our streamlined application process involves minimal documentation, making it easy for borrowers to get approvals without unnecessary delays. Whether you are salaried, self employed, or a business owner, Shriram Finance's gold loans offer the perfect blend of affordability and reliability. Unlock the financial potential of your gold today-apply online or visit your nearest Shriram Finance branch in Salem!
Features and Benefits of Gold Loans in Salem
Shriram Finance's gold loans in Salem come with a host of features tailored to provide maximum convenience and flexibility. Here are our key features and benefits:
Minimal Documentation
The loan process is hassle free, requiring only basic paperwork.
Maximum Finance
Obtain up to 75% of your gold's market value, assessed based on its pledged worth.
Low Rate of Interest
Interest rates begin at 10%* p.a., making borrowing affordable.
Flexible Tenure
Choose a repayment period from 1 month to 1 year, with a minimum tenure of 1 month.
Borrow Smartly
Interest is payable only for the duration you use the loan, optimising your financial outflow.
Quick Approval
Enjoy quick processing and timely access to funds.
Gold Loan Interest Rates in Salem
| 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 Salem
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 Salem
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 Salem
Gold Loan Customer Care in Salem
Toll Free
Gold Loan Status in Salem
You can check your gold loan status by entering the reference number on our website. Alternatively, you may reach out to our customer care team for updates.
Gold Loan FAQs
Can I apply for a gold loan online in Salem?
Yes, you can easily apply for a gold loan online through our official website or the Shriram Finance mobile app.
What is the interest rate on gold loans in Salem?
Interest rates for our gold loans start at 10%* p.a., making borrowing affordable. The final rate depends on factors such as the market value of the pledged gold.
What is the tenure for a gold loan in Salem?
You can choose from a range of flexible repayment tenures for your gold loan. These tenures start as short as 1 month and can extend up to 12 months, giving you the freedom to select terms that align with your financial needs.
Can I get a gold loan for any type of gold in Salem?
Shriram Finance provides loans against gold ornaments and coins with purity levels between 18 and 22 carats.
Is there a maximum or minimum limit for a gold loan in Salem?
The loan amount depends on the market value of your gold, with up to 75% financing available.
What documents are required to apply for a gold loan in Salem?
You will 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, Gas Connection Card, Water Bill, Electricity Bill, Prepaid Mobile Bill, or Landline Bill).
Are there any prepayment penalties on gold loans in Salem?
Shriram Finance typically does not impose prepayment penalties on its gold loans. Borrowers can repay early without incurring extra charges. However, reviewing the loan agreement for specific terms is recommended.
How can I check the status of my gold loan application in Salem?
You can track your application status online using the reference number provided during registration or contact Shriram Finance's customer care team via toll free numbers 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.
