Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Udalguri
Gold loans in Udalguri have become a popular way of accessing money in Udalguri. It offers a reliable solution to unlock the value of your gold assets. Rather than selling your gold jewellery or coins, you can leverage their value to meet immediate financial requirements. In India, one can benefit from the services of Shriram Finance. Shriram Finance is known for its streamlined application process, rapid approval times and flexible repayment options, which makes it an ideal choice for both individuals and businesses seeking quick financial aid. With flexible tenures ranging from one month to up to twelve months and attractive interest rates starting from 10%* p.a., Shriram Finance demonstrates a keen understanding of the Udalguri business environment and enables you to secure capital quickly, thereby addressing your financial requirements efficiently.
Features and Benefits of Gold Loans in Udalguri
Shriram Gold Loans come with many features and benefits. These are:
Quick Approval
In financial emergencies, time is often of the essence. Recognising this reality, Shriram Finance has developed an accelerated approval system that typically completes the entire process-from application to disbursement-within hours. This expedited timeline is made possible through streamlined verification procedures and minimal documentation requirements.
Low Rate of Interest
With interest rates starting from 10%* p.a., Gold Loans from Shriram Finance represent a significantly more affordable option compared to many unsecured loans. The secured nature of these loans-with gold serving as collateral-allows the financial institution to offer more favourable terms. These competitive rates translate to lower monthly payments and reduced overall borrowing costs, making it an economical choice for addressing both personal and business financial requirements in Nagda.
Flexible Tenure
The loan tenure ranges from 1 month to 12 months, allowing you to repay at your convenience. This flexibility allows you to align your repayment schedule with your cash flow patterns, whether you receive a monthly salary, seasonal business income, or irregular earnings. You can select a repayment plan that comfortably fits your financial situation, reducing the risk of default and associated penalties.
Borrow Smartly
You only pay interest for the actual period you utilize the loan funds, providing significant savings if you choose to repay early. For instance, if you take a 12 month loan but repay it after 3 months, you'll only be charged interest for those 3 months. This feature is particularly beneficial for those expecting incoming funds in the near future or for businesses with seasonal revenue patterns common in Nagda's economic landscape.
Maximum Finance
Shriram Finance offers loans up to 75%* of your gold's current market value, ensuring substantial financial support when needed. This loan to value ratio complies with regulatory guidelines while maximizing the utility of your gold assets. For example, if your gold jewellery has a market value of ₹2,00,000, you could potentially access up to ₹1,50,000 as a loan, providing significant financial leverage during important life events or business opportunities.
Minimal Documentation
Gold loans focus primarily on verifying your identity and address, along with the authenticity of the pledged gold. This simplified approach reduces processing time and eliminates common barriers to loan approval. For residents of Nagda who may work in informal sectors or have limited credit history, this accessibility is particularly valuable, ensuring financial inclusion regardless of formal financial documentation.
Gold Loan Interest Rates in Udalguri
| 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 Udalguri
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
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 Udalguri
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 Udalguri
Gold Loan Customer Care in Udalguri
Toll Free
Gold Loan Status in Udalguri
To check the status of your gold loan application, visit the Shriram Finance website and enter your application reference number. You can also contact customer care for real time updates. Choose Shriram Finance and meet your financial goals in Udalguri.
Gold Loan FAQs
Can I apply for a gold loan online in Udalguri?
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 Udalguri?
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 Udalguri?
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 Udalguri?
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 Udalguri?
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 Udalguri?
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 Udalguri?
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 Udalguri?
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.
