Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Tuensang
Gold loans in Tuensang provide an efficient means for individuals to access funds quickly. Borrowers can utilise their gold assets by using them as collateral instead of selling them. Shriram Finance excels by offering dependable Shriram Gold Loan services tailored to meet local requirements. Shriram Gold Loan processes are designed for seamless approvals with minimal documentation. With flexible loan tenures ranging from 1 month to 12 months and competitive interest rates starting at just 10%* p.a., Shriram Finance ensures that Tuensang residents can rapidly secure the funds they need.
Features and Benefits of Gold Loans in Tuensang
Shriram Gold Loans offer the following features and benefits:
Minimal Documentation
In contrast to conventional loan products that often require extensive paperwork and verification processes, Shriram Gold Loans have been designed with simplicity in mind. The streamlined documentation process reduces delays, making funds accessible even to those who may not have extensive documentation or formal banking history.
Borrow Smartly
Pay interest only for the period the gold loan is used for. The unique interest calculation system ensures that borrowers only pay interest for the actual period they utilise the loan. This means if you repay your loan earlier than the agreed term, you stand to save significantly on interest payments, providing maximum financial flexibility and control.
Quick Disbursal
Reliable and faster loan approvals with minimal documentation. The verification and approval procedures have been optimised to deliver exceptionally quick decisions without compromising on due diligence. This efficiency proves invaluable during emergencies or time sensitive financial opportunities where delay could mean missed opportunities.
Maximum Finance
Borrowers can access up to 75%* of the gold's market value, striking an ideal balance between maximising available funds while maintaining a responsible loan to value ratio.
Low Rate of Interest
With rates beginning at just 10%* p.a., Shriram Finance ensures that borrowing costs remain manageable, making gold loans an economically viable financial solution compared to many alternative credit options available in the market.
Flexible Tenure
While the minimum loan duration is set at 1 month, borrowers enjoy considerable freedom in determining when to repay. This flexibility accommodates various financial situations, allowing for strategic financial planning around income cycles and cash flow patterns.
Gold Loan Interest Rates in Tuensang
| 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 Tuensang
Address Proof
Aadhaar Card, Passport, Driver's License, Voter ID, Gas Connection Card, Water Bill, Electricity Bill, Prepaid Mobile Bill, or Landline Bill.
Identity Proof
Prospective borrowers should furnish any one of the below mentioned documents under each category for availing gold loans: Identity Proof: Aadhaar Card, Passport, Driver's License, 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 Tuensang
Their 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 them.
Step 3:
Visit their branch with your gold assets.
Step 4:
Complete verification and receive the loan amount.
Our Gold Loan Branches in Tuensang
Gold Loan Customer Care in Tuensang
Toll Free
Gold Loan Status in Tuensang
Staying informed about your gold loan application status is simple and convenient. Visit the Shriram Finance website and navigate to the application status section, where you can enter the unique reference number provided during your application to receive real time updates on your loan's progress. For those preferring direct communication, our customer care team is available to provide immediate status updates and address any concerns regarding your application.
Gold Loan FAQs
Can I apply for a gold loan online in Tuensang?
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 Tuensang?
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 Tuensang?
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 Tuensang?
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 Tuensang?
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 Tuensang?
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 Tuensang?
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 Tuensang?
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.
