Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Thoothukkudi
Are you seeking a simple and accessible way to gain access to some extra funds? Do you possess gold assets that you would be happy to use as security in order to secure a loan? Opting for a Gold Loan in Thoothukkudi from Shriram Finance provides a straightforward and dependable route to unlock the financial potential held within your gold possessions, without the need to sell those valuable and cherished items. Shriram Finance is a well respected name within the financial industry and is proud to be known for our commitment to providing dependable, accessible, and tailored gold loan services that are specifically designed to meet the unique requirements of our valued customers.
Features and Benefits of Gold Loans in Thoothukkudi
There are several beneficial features, and a range of significant advantages associated with choosing a gold loan with Shriram Finance in Thoothukkudi:
Benefit from Competitive Interest Rates
You can take full advantage of our highly competitive interest rates, which start from just 10%* per year, ensuring that the overall cost of borrowing remains manageable.
Flexible and Convenient Repayment Schedules
Design a repayment schedule that works best for you and meets your individual financial needs and circumstances. Our minimum loan duration is 1 month, and the maximum loan duration is 1 year, giving you maximum flexibility.
High Loan Amounts Readily Available
Shriram Finance is often able to offer loans of up to 75% of the current market value of your gold items. This allows you to maximise the amount that you can borrow and is offered for loan amounts of up to 75% of the market value of the gold pledged as collateral.
Straightforward Application With Minimal Paperwork
The application process is designed to be as simple and efficient as possible, involving minimal paperwork and ensuring a smooth and hassle free experience from the moment you start your application.
Only Pay Interest on the Money You Use
With Shriram Finance, you only pay interest for the period that you are actively using the gold loan. This is an efficient and cost effective way to borrow.
Swift Approval
Our processes have been designed to be as streamlined and efficient as possible, ensuring faster loan approvals with minimal documentation, and guaranteeing that you receive the money that you need as quickly as possible.
Gold Loan Interest Rates in Thoothukkudi
| 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 Thoothukkudi
Proof of Address
Any one of the following: Aadhaar Card, Passport, Driver's License, Voter ID, Gas Connection Card, Water Bill, Electricity Bill, Prepaid Mobile Bill, or Landline Bill.
Proof of Identity
Any one of the following: Aadhaar Card, Passport, Driver's License, Voter ID, or PAN Card. (If you do not have a PAN Card, you can submit Form 60). Age Requirement: Applicants must be between 18 and 75 years* of age. Applicant Type: Individuals who are salaried, self employed, professionals, business owners, and others, are eligible to apply.
Step by Step Application Process for Gold Loans in Thoothukkudi
Applying for a gold loan with Shriram Finance is designed to be a straightforward and hassle free process, and can be completed in just four simple 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 Thoothukkudi
Gold Loan Customer Care in Thoothukkudi
Gold Loan Status in Thoothukkudi
Stay informed about the progress of your gold loan application in Thoothukkudi. Simply visit our website and enter your unique application reference number to track your application status. Alternatively, you can contact our customer care team for real time updates. Choose Shriram Finance for a seamless and reliable borrowing experience tailored to your specific financial needs in Thoothukkudi.
Gold Loan FAQs
Can I apply for a gold loan online in Thoothukkudi?
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 Thoothukkudi?
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 Thoothukkudi?
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 Thoothukkudi?
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 Thoothukkudi?
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 Thoothukkudi?
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 Thoothukkudi?
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 Thoothukkudi?
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.
