Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Shimla
In Shimla, gold jewellery is more than just a financial asset-it carries deep sentimental value and is often passed down through generations. During times of financial need, gold loans provide a practical and efficient way to access funds without the need to sell your cherished ornaments. Whether it's for medical emergencies, education, business expansion, or household expenses, gold loans in Shimla offer a reliable solution to meet urgent financial requirements. Shriram Finance makes the process of availing a gold loan in Shimla simple and stress free. With minimal documentation and quick approvals, you can unlock the value of your gold assets without unnecessary delays. Our competitive interest rates start at just 10%* p.a., ensuring that borrowing remains affordable. Additionally, borrowers can choose flexible repayment tenures ranging from 1 to 12 months, allowing them to align repayments with their financial needs. Whether you require short term liquidity or a longer repayment period, Shriram Finance's gold loans are designed to offer flexibility and convenience. With a transparent process and a focus on customer satisfaction, we ensure that your gold remains safe while you receive the financial support you need promptly. Apply online or visit your nearest Shriram Finance branch in Shimla today!
Features and Benefits of Gold Loans in Shimla
Shriram Finance ensures a hassle free borrowing experience with the following advantages:
Minimal Documentation
The application process is straightforward, requiring only essential documents like identity proof and address proof. This ensures quick processing and approval.
Maximum Finance
Borrow up to 75% of the current market value of your pledged gold, providing substantial liquidity when needed while retaining ownership of your asset.
Quick Approval
Enjoy a fast approval process that ensures timely disbursal of funds during emergencies or urgent financial needs.
Borrow Smartly
Interest is charged only for the duration you utilise the loan amount, helping you save on unnecessary costs and optimise your finances.
Low Rate of Interest
With interest rates starting at 10%* p.a., borrowing becomes affordable and cost effective for all customers.
Flexible Tenure
Choose repayment terms ranging from as short as 1 month to as long as 12 months, allowing you to tailor repayments according to your financial situation and goals.
Gold Loan Interest Rates in Shimla
| 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 Shimla
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 Shimla
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 them.
Step 3:
Visit their branch with your gold assets.
Step 4:
Complete verification and receive the loan amount.
Our Gold Loan Branches in Shimla
Gold Loan Customer Care in Shimla
Toll Free
Gold Loan Status in Shimla
Track your gold loan status by entering the reference number on our website. You may also contact our customer care team for real time updates.
Gold Loan FAQs
Can I apply for a gold loan online in Shimla?
Yes, absolutely! You can conveniently apply for a gold loan right from your home in Shimla through our official website or the Shriram Finance mobile app.
What is the interest rate on gold loans in Shimla?
Our interest rates start at a competitive 10%* p.a. The exact rate you'll get depends on the current market value of the gold you pledge.
What is the tenure for a gold loan in Shimla?
We offer flexible loan durations, ranging from 1 month to 12 months, allowing you to choose what suits your financial situation best.
Can I get a gold loan for any type of gold in Shimla?
At Shriram Finance in Shimla, we provide loans against gold jewellery and coins that have a purity level between 18 and 22 carats.
Is there a maximum or minimum limit for a gold loan in Shimla?
The loan amount we offer is based on the current market value of your gold, and we can finance up to 75% of that value.
What documents are required to apply for a gold loan in Shimla?
You will need a proof of identity (like your Aadhaar Card, Passport, Driver's Licence, Voter ID, or PAN Card) and a proof of address (such as your 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 Shimla?
Generally, we don't charge prepayment penalties, so you can repay your loan early without any extra fees. However, it's always a good idea to double check your loan agreement for the precise details.
How can I check the status of my gold loan application in Shimla?
Once you have submitted your application, our team will get to work. We will keep you updated on its progress.
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.
