Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Tiruchirappalli
Gold is not just a symbol of wealth but also a dependable financial resource in times of need. In Tiruchirappalli, a city known for its educational institutions and industrial growth, quick access to funds can be crucial for both families and businesses. Individuals and enterprises in this city are often in need of immediate financial solutions. Gold loans in Tiruchirappalli offer a straightforward way to secure funds while keeping your jewellery safe. Whether it is for expanding a business, covering medical expenses, or managing household needs, Shriram Finance provides a trusted lending solution. The process is designed to be user friendly, ensuring that borrowers can access the funds they need without unnecessary delays or complications. With competitive interest rates starting at 10%* p.a. and repayment tenures ranging from 1 to 12 months, borrowing is hassle free. The application process is quick and involves very little paperwork, making it accessible to a wide range of customers. This means easy approval and financial assistance delivered right when you need it, allowing you to focus on your priorities without the stress of financial uncertainty. Shriram Finance's gold loan services are tailored to meet the specific needs of the Tiruchirappalli community, providing a reliable and efficient way to manage financial challenges. Whether you are a small business owner looking to expand, a family facing unexpected medical expenses, or simply someone needing to manage household finances, gold loans offer a practical and secure solution.
Features and Benefits of Gold Loans in Tiruchirappalli
Choosing a gold loan in Tiruchirappalli ensures easy access to funds while keeping your gold secure:
Low Rate of Interest
Interest rates start at 10%* p.a., making repayments easier. This low rate helps in reducing the overall cost of borrowing, making it an affordable option for many.
Borrow Smartly
Pay interest only for the duration of your loan, ensuring cost effective borrowing. This means you only pay for the time you actually use the funds, which can significantly lower your interest expenses.
Quick Approval
Experience a smooth process with fast access to funds. The streamlined approval process ensures that you get the financial support you need without unnecessary delays, which is crucial in times of urgent need.
Flexible Tenure
Loan tenures range from 1 month to 1 year, offering flexibility. This allows you to choose a repayment period that best suits your financial situation, giving you the freedom to manage your finances more effectively.
Maximum Finance
Secure a loan amounting to up to 75% of your gold's market value. This high loan to value ratio ensures that you can maximise the amount you borrow against your gold, providing substantial financial support.
Minimal Documentation
The application process is hassle free, with only essential documents required. This reduces the paperwork burden and speeds up the approval process, making it easier for you to access funds quickly.
Gold Loan Interest Rates in Tiruchirappalli
| 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 Tiruchirappalli
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 Tiruchirappalli
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 Tiruchirappalli
Gold Loan Customer Care in Tiruchirappalli
Toll Free
Gold Loan Status in Tiruchirappalli
Monitor your gold loan status online using your reference number. You can also get in touch with our support team for quick updates.
Gold Loan FAQs
Can I apply for a gold loan online in Tiruchirappalli?
Yes! You can easily apply online through our website or the Shriram Finance mobile app.
What is the interest rate on gold loans in Tiruchirappalli?
Our interest rates begin at 10%* p.a., with the final rate based on the pledged gold's market value.
What is the tenure for a gold loan in Tiruchirappalli?
We provide flexible loan tenures ranging from 1 month to 12 months.
Can I get a gold loan for any type of gold in Tiruchirappalli?
Shriram Finance in Tiruchirappalli offers loans against gold jewellery and coins with a purity level between 18 and 22 carats.
Is there a maximum or minimum limit for a gold loan in Tiruchirappalli?
The loan amount is determined by your gold's market value, with financing available for up to 75%.
What documents are required to apply for a gold loan in Tiruchirappalli?
You will have to submit proof of identity (Aadhaar Card, Passport, Driver's Licence, Voter ID, or PAN Card) and address (Aadhaar Card, Passport, Driver's Licence, Voter ID, Gas Connection Card, Water Bill, Electricity Bill, Prepaid Mobile Bill, or Landline Bill).
Are there any prepayment penalties on gold loans in Tiruchirappalli?
Typically, there are no prepayment penalties, but it's advisable to check your loan agreement for details.
How can I check the status of my gold loan application in Tiruchirappalli?
You will receive updates on your application status as our team processes it.
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.
