Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Silchar
Silchar's long standing appreciation for gold as an asset makes it an ideal location for gold backed financing solutions. Shriram Finance provides comprehensive gold loans in Silchar, aligning with the financial aspirations of the local community. Through a customer centric approach and flexible repayment terms, Shriram Finance has established itself as a reliable financial partner. With attractive interest rates commencing at 10%* p.a. and loan tenures extending up to twelve months, Shriram Gold Loan ensure that financial assistance remains accessible and affordable, catering to the diverse needs of Silchar's residents.
Features and Benefits of Gold Loans in Silchar
Shriram Finance offers a comprehensive gold loan service that is both stress free and cost effective. The key benefits include:
Maximum Finance
You can secure a loan up to 75%* of your gold's market value, ensuring substantial financial support. The valuation process is transparent, with gold assessed based on purity, weight, and current market rates.
Minimal Documentation
The process involves minimal paperwork, ensuring a hassle free experience. This aspect is particularly beneficial for self employed individuals, small business owners, and those from rural areas who may not maintain detailed financial records. Basic identity and address verification, along with the gold assets, are typically sufficient to process your application.
Quick Approval
Enjoy fast and reliable loan approvals to meet your urgent financial needs. The simplified verification process focuses primarily on gold assessment rather than complex financial background checks which enable rapid processing. In most cases, loans can be disbursed within hours of application, providing timely financial assistance when you need it most.
Flexible Tenure
Repay your loan at your convenience with a tenure ranging from 1 month to 12 months. This flexibility allows you to align repayments with your income cycle, whether you receive monthly salaries, quarterly business profits, or seasonal agricultural income. You can opt for shorter durations if you anticipate early repayment capacity or choose longer periods for more manageable instalments.
Low Rate of Interest
Interest rates start from 10%* p.a., offering a cost effective option. These competitive rates reflect the secure nature of gold backed loans, where the lender's risk is significantly mitigated by the collateral value. Lower interest rates translate to reduced financial burden and more affordable repayment schedules.
Borrow Smartly
Pay interest only for the period you use the loan, providing flexibility in repayment. This unique feature allows you to save on interest costs if you repay the loan before the agreed tenure. Early repayment doesn't attract penalties, making it economically advantageous to close the loan as soon as your financial situation permits.
Gold Loan Interest Rates in Silchar
| 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 Silchar
Address Proof
Aadhaar Card, Passport, Driver's License, Voter ID, Gas Connection Card, Water Bill, Electricity Bill, Prepaid Mobile Bill, or Landline Bill.
Identity Proof
Aadhaar Card, Passport, Driver's License, 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 Silchar
Their 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 Silchar
Gold Loan Customer Care in Silchar
Toll Free
Gold Loan Status in Silchar
To check your gold loan application status, simply visit our website and enter your application reference number. You can even contact our contact customer care for real time updates. Choose Shriram Finance and benefit from the attractive features of a Gold Loan in Silchar.
Gold Loan FAQs
Can I apply for a gold loan online in Silchar?
Yes, you can apply for a gold loan online. Visit our website or mobile app to apply for Shriram Gold Loan.
What is the interest rate on gold loans in Silchar?
The interest rate starts from 10%* p.a. However, the final gold loan interest rates offered by the lender may depend on the market value of the gold pledged as security.
What is the tenure for a gold loan in Silchar?
You can choose a loan tenure starting from 1 month up to 12 months.
Can I get a gold loan for any type of gold in Silchar?
Shriram Finance provides gold loans for 18 to 22 carats gold ornaments and coins.
Is there a maximum or minimum limit for a gold loan in Silchar?
The loan amount will depend on your gold. Loans up to 75% of your gold value are offered.
What documents are required to apply for a gold loan in Silchar?
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 Silchar?
Shriram Finance typically does not impose prepayment penalties on gold loans. This allows you to prepay your loan without incurring extra charges, potentially reducing the overall interest you pay. However, it's essential to confirm the specific terms and conditions in your loan agreement to ensure there are no prepayment penalties applicable to your loan
How can I check the status of my gold loan application in Silchar?
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.
