Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Solan
Gold loans are an increasingly popular and convenient way to access quick funds in Solan. They provide a reliable solution to unlock the value of your gold assets without the need to sell your treasured jewellery or coins. Instead, you can leverage their worth to meet your immediate financial needs. At Shriram Finance, we are proud to offer gold loan services nationwide. Our streamlined application process ensures that you can secure funds quickly, making us an ideal choice for individuals and businesses in need of swift financial assistance. We offer competitive interest rates starting from 10%* per annum, along with flexible loan tenures ranging from 1 month to 12 months. Shriram Finance understands the unique business environment in Solan and is committed to providing gold loans that cater to your specific requirements. Our process is designed to be hassle free, with minimal documentation required, ensuring that you can access the funds you need without unnecessary delays. The interest rate you receive will be based on the current market value of your pledged gold, ensuring you get the best possible terms. With secure storage for your gold, you can have peace of mind while utilising the loan to meet your financial goals.
Features and Benefits of Gold Loans in Solan
The features of a gold loan along with it's benefits offered by Shriram Finance are explained as seen below:
Maximum Finance:
You can secure a loan up to 75%* of your gold's market value with Shriram Finance in Jammu. This means you can access substantial funds based on the value of the gold you pledge as collateral. Whether you need money for personal expenses, business investments, or unexpected emergencies, this high loan to value ratio provides the financial flexibility you need.
Low Rate of Interest:
Shriram Finance offers competitive interest rates starting from 10%* p.a. These low rates make borrowing affordable, helping you manage your financial obligations without undue strain. The attractive interest rates ensure that you can repay the loan comfortably, making it easier to meet your financial needs.
Minimal Documentation:
The loan process is designed to be hassle free, involving minimal paperwork. This streamlined approach saves time and effort, allowing you to access funds quickly and easily. It's an ideal solution for those who need immediate financial support.
Borrow Smartly:
With Shriram Finance, you pay interest only for the period the gold loan is used. This means that if you repay the loan early, you save on interest costs, making it a cost effective borrowing option. This feature allows you to manage your finances more efficiently, ensuring that you only pay for the time the loan is active.
Flexible Tenure:
You can repay your loan whenever you want, with a minimum loan duration of 1 month. The loan tenure ranges from 1 month to 1 year, providing you with the flexibility to choose a repayment schedule that best suits your financial situation. This flexibility ensures that you can manage your repayments comfortably, without feeling pressured by rigid schedules.
Quick Approval:
Shriram Finance offers reliable and faster loan approvals with minimal documentation. The efficient approval process ensures that you get the funds you need promptly, which is particularly beneficial for urgent financial situations where time is of the essence. The streamlined approval process saves time and effort, allowing you to access funds swiftly.
Gold Loan Interest Rates in Solan
| 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 Solan
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 Solan
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 Solan
Gold Loan Customer Care in Solan
Toll Free
Gold Loan Status in Solan
To check the status of your gold loan application, visit the Shriram Finance website and enter your application reference number. You can also contact customer care for real time updates. Choose Shriram Finance today to avail an attractive jewel loan interest rate in Solan.
Gold Loan FAQs
Can I apply for a gold loan online in Solan?
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 Solan?
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 Solan?
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 Solan?
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 Solan?
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 Solan?
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 Solan?
Shriram Finance 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 Solan?
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.
