Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Sunam
In Sunam, gold is more than just an asset; it represents financial stability and security. Families cherish their gold jewellery, passing it down through generations while also relying on it during times of financial need. Instead of letting gold sit idle, residents can make the most of its value through gold loans in Sunam. Gold loans from Shriram Finance provide a simple way to access funds by pledging gold as collateral. These loans are a practical solution for various financial needs, such as medical expenses, business investments, or higher education costs. Since the loan is secured against gold, borrowers can access funds quickly without affecting their long term savings. By taking a gold loan, individuals can meet urgent financial requirements while ensuring their gold remains in safe hands. We offer flexible repayment options ranging from 1 to 12 months, giving customers the freedom to choose a tenure that suits them. Our competitive interest rates start at 10%* p.a., ensuring affordability for all borrowers. The process is straightforward, with an easy online application, minimal documentation, and quick approval, helping customers receive funds without delays. Gold has immense financial potential, and with a gold loan from Shriram Finance, you can unlock its value without parting with it permanently. Whether for planned expenses or unexpected costs, our gold loans offer a reliable and quick financial solution. Apply today and take advantage of our customer friendly loan services.
Features and Benefits of Gold Loans in Sunam
Our gold loans provide a hassle free way to secure funds while keeping your gold safe. Here are the key features and benefits:
Borrow Smartly
Pay interest only for the time you use the loan, allowing you to manage your expenses better. This feature ensures that you do not incur unnecessary interest costs.
Low Rate of Interest
Interest rates start at 10%* p.a., making our gold loans an affordable choice for short term or emergency financial needs. A lower interest rate means more savings on repayments.
Flexible Tenure
With repayment options ranging from 1 month to 12 months, you can choose a tenure that aligns with your financial plans. This flexibility allows you to repay comfortably without unnecessary pressure.
Minimal Documentation
Our process is simple and requires only essential KYC documents, eliminating the hassle of excessive paperwork. This makes it easier and faster to get your loan approved.
Maximum Finance
Get up to 75% of your gold's market value, ensuring you receive a high loan amount based on the gold you pledge. This provides maximum financial support while keeping your gold secure.
Quick Approval
We process loans efficiently to ensure you get the funds you need without long waiting times. This ensures immediate financial assistance when required.
Gold Loan Interest Rates in Sunam
| 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 Sunam
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 Sunam
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 Sunam
Gold Loan Customer Care in Sunam
Toll Free
Gold Loan Status in Sunam
Checking your gold loan status in Sunam is hassle free. Enter your reference number on our website or contact our support team for real time updates. Shriram Finance is committed to providing seamless gold loan services.
Gold Loan FAQs
Can I apply for a gold loan online in Sunam?
Yes, you can easily initiate and complete your gold loan application from the comfort of your own space by visiting our official website or utilising our user friendly mobile application.
What is the interest rate on gold loans in Sunam?
Shriram Finance in Sunam offers gold loan interest rates starting at a competitive 10% p.a. However, the final interest rate applicable to your gold loan may vary based on factors such as the current market value of the gold pledged as collateral.
What is the tenure for a gold loan in Sunam?
We provide flexible loan tenures for our gold loans, giving you the freedom to select a repayment period that suits your needs. You can choose a tenure ranging from as short as 1 month to a maximum of 12 months.
Can I get a gold loan for any type of gold in Sunam?
Shriram Finance accepts gold jewellery and coins with a purity between 18 and 22 carats.
Is there a maximum or minimum limit for a gold loan in Sunam?
The loan amount is based on your gold's current market value, with financing available up to 75% of its worth.
What documents are required to apply for a gold loan in Sunam?
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, or utility bills).
Are there any prepayment penalties on gold loans in Sunam?
Prepayment penalties usually do not apply, but it's best to check your loan agreement for specific terms.
How can I check the status of my gold loan application in Sunam?
After applying, we will review your application and notify you of the 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.
