Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
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Gold Loans in Srikakulam
Srikakulam is a city in Andhra Pradesh significant for its agricultural and industrial activities. The Gold Loan in Srikakulam offers a reliable way to tap into the value of gold assets, providing quick financial solutions without extensive documentation. This loan allows individuals to retain ownership of their gold while accessing necessary funds. With interest rates starting from 10%*p.a. and flexible repayment options, this loan is particularly appealing for addressing financial emergencies or investing in new opportunities. Shriram Finance's streamlined process and secure gold storage further enhance its appeal.
Features and Benefits of Gold Loans in Srikakulam
In Srikakulam, Shriram Finance provides a Gold Loan with several key benefits:
Maximum Finance
You can secure a loan up to 75% of your gold's market value, ensuring substantial financial support.
Minimal Documentation
The process involves minimal paperwork, ensuring a hassle free experience.
Flexible Tenure
Repay your loan at your convenience with a tenure ranging from 1 month to12 months.
Borrow Smartly
Pay interest only for the period you use the loan, providing flexibility in repayment.
Low Rate of Interest
Interest rates start from 10%*p.a., offering a cost effective option.
Quick Approval
Enjoy fast and reliable loan approvals to meet your urgent financial needs.
Gold Loan Interest Rates in Srikakulam
| 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 Srikakulam
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). Who Can Apply: Eligible applicants include salaried individuals, self employed professionals, business owners, and other individuals. Age: Applicants must be between 18* and 75* years old.
Step by Step Application Process for Gold Loans in Srikakulam
The Gold Loan Application Process at Shriram Finance in Srikakulam 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 Srikakulam
Gold Loan Customer Care in Srikakulam
Toll Free
Gold Loan Status in Srikakulam
You can easily monitor the status of your gold loan application online by entering your reference number on our website. For real time updates, please feel free to contact our dedicated support team. If you are interested in applying for a gold loan in Srikakulam, Shriram Finance offers a convenient and streamlined process. Our competitive interest rates start from just 7.95% per annum, making us one of the most affordable options in the region. We pride ourselves on minimal documentation requirements and quick approval times, typically within 24 hours. Additionally, our flexible repayment options allow you to choose a plan that best suits your financial situation and needs.
Gold Loan FAQs
Can I apply for a gold loan online in Srikakulam?
Absolutely! Shriram Finance offers a convenient online application process for gold loans in Srikakulam. Visit our official website or download our mobile app to start your application. You can complete the entire process digitally, saving time and avoiding unnecessary branch visits.
What is the interest rate on gold loans in Srikakulam?
Our gold loan interest rates start from 10%* per annum. The final rate depends on the market value of the gold you pledge, the loan amount, and current market conditions. We offer transparent and competitive rates tailored to your specific financial needs.
What is the tenure for a gold loan in Srikakulam?
We provide flexible loan tenures ranging from 1 month to 12 months. Choose a repayment period that best suits your financial situation. You can also discuss prepayment or tenure extension options with our loan counsellors.
Can I get a gold loan for any type of gold in Srikakulam?
Shriram Finance accepts gold ornaments and coins between 18 to 22 carats. Our expert team will carefully evaluate the purity and weight of your gold to determine the loan amount you qualify for.
Is there a maximum or minimum limit for a gold loan in Srikakulam?
We offer loans up to 75% of your gold's current market value. The loan amount is directly linked to the quantity and quality of gold you pledge as security. Our transparent valuation ensures you get the maximum possible loan.
What documents are required to apply for a gold loan in Srikakulam?
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 Srikakulam?
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 Srikakulam?
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.
