Gold Loans in Tiruvannamalai
Gold holds both sentimental and financial value, making it a reliable asset in times of need. Tiruvannamalai often sees individuals and businesses requiring quick access to funds. Whether it's for personal emergencies, business expansion, or other financial needs, gold loans provide a practical solution. Gold loans in Tiruvannamalai allow you to meet your financial needs without having to sell your cherished jewellery. Shriram Finance offers gold loans at competitive interest rates starting from 10%* p.a., with flexible repayment tenures ranging from 1 to 12 months. This means you can choose a repayment period that best suits your financial situation, ensuring that you can manage your finances effectively without undue stress. One of the key advantages of opting for a gold loan with Shriram Finance is the minimal paperwork involved. The process is designed to be straightforward and hassle free, allowing you to secure the funds you need quickly. The approval process is swift, ensuring that you can access the money without unnecessary delays. This is particularly beneficial in urgent situations where time is of the essence. By choosing a gold loan, you can keep your gold safe while still leveraging its value to meet your financial requirements. This dual benefit of security and liquidity makes gold loans an attractive option for many. Whether you need funds for medical expenses, education, business investments, or any other purpose, a gold loan can provide the financial support you need without compromising your valuable assets.
Features and Benefits of Gold Loans in Tiruvannamalai
Discover the flexibility and convenience of our gold loans:
Flexible Tenure
Choose a repayment period between 1 month and 1 year as per your financial convenience. This flexibility allows you to tailor the loan to your specific needs.
Low Rate of Interest
Avail loans at competitive interest rates from 10%* p.a., making repayments more affordable. The low interest rate ensures that you can manage your loan repayments without straining your finances.
Maximum Finance
Secure up to 75% of your gold's market value. This high loan to value ratio means that you can access a significant amount of funds based on the value of your gold.
Minimal Documentation
A straightforward process requiring only basic documents. This simplicity ensures that you can complete the loan application quickly
Borrow Smartly
Pay interest only for the duration you hold the loan. This feature allows you to save on interest costs by repaying the loan as soon as you can.
Quick Approval
Fast processing ensures you get funds without delays. The quick approval process is designed to provide you with the financial support you need promptly.
Gold Loan Interest Rates in Tiruvannamalai
| 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 Tiruvannamalai
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
Ensure you submit a valid document for each required category when applying for a gold loan. 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 Tiruvannamalai
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 Tiruvannamalai
Gold Loan Customer Care in Tiruvannamalai
Toll Free
Gold Loan Status in Tiruvannamalai
Track your loan status online with your reference number or contact our support team for updates. Get instant financial support in Tiruvannamalai with our quick and easy gold loan process.
Gold Loan FAQs
Can I apply for a gold loan online in Tiruvannamalai?
Yes, you can apply for a gold loan online through our website or the Shriram Finance mobile app. The online application process is designed to be simple and quick, allowing you to apply from the comfort of your home.
What is the interest rate on gold loans in Tiruvannamalai?
Our gold loan interest rates start at 10%* p.a., depending on the market value of your pledged gold.
What is the tenure for a gold loan in Tiruvannamalai?
We offer tenures ranging from 1 to 12 months, giving you flexibility in repayment. You can choose a repayment period that best suits your financial situation and repayment capacity.
Can I get a gold loan for any type of gold in Tiruvannamalai?
Yes, we offer loans against gold jewellery and coins with a purity of 18 to 22 carats.
Is there a maximum or minimum limit for a gold loan in Tiruvannamalai?
The amount you can borrow is based on the worth of your gold, and we can typically offer up to 75% of its current market value as your loan. This means you can access a substantial sum of money based on how much your gold is valued at the time.
What documents are required to apply for a gold loan in Tiruvannamalai?
Identity proof (Aadhaar Card, Passport, Driver's Licence, Voter ID, or PAN Card) and address proof (Aadhaar Card, Passport, Driver's Licence, Voter ID, Gas Connection Card, Water Bill, Electricity Bill, Prepaid Mobile Bill, or Landline Bill) are required.
Are there any prepayment penalties on gold loans in Tiruvannamalai?
We generally do not charge prepayment penalties, allowing you to clear your loan early without extra costs. However, check your loan agreement for specific terms.
How can I check the status of my gold loan application in Tiruvannamalai?
You will receive regular updates once your application is submitted. You can also track it online or contact our customer care team.
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.
