Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Vellore
In Vellore, gold jewellery holds a significance that goes far beyond its material value. It is deeply ingrained in the cultural heritage and family traditions of the region, often passed down through generations as a symbol of prosperity and legacy. However, there are times when residents face pressing financial needs, and gold loans in Vellore emerge as a practical and efficient solution to address such situations. Shriram Finance understands the value of your gold and offers gold loans with highly competitive interest rates starting at just 10%* p.a. These loans are tailored to provide flexibility, with repayment terms ranging from 1 to 12 months, allowing borrowers to select a tenure that aligns with their financial capabilities. The process is designed to be straightforward and hassle free, with minimal documentation requirements and a quick approval system, ensuring that funds are accessible precisely when they are needed the most. Whether you are dealing with unexpected medical emergencies, looking to fund educational opportunities, or managing other urgent financial commitments, Shriram Finance's gold loans are designed to provide the support you require. By leveraging the value of your cherished gold jewellery, you can secure immediate funds without having to part with your treasured family assets permanently. With Shriram Finance's reliable services in Vellore, you can access financial assistance quickly and conveniently while preserving the cultural and emotional significance of your gold. This makes our gold loans an ideal option for those seeking both flexibility and trustworthiness in times of need.
Features and Benefits of Gold Loans in Vellore
Shriram Finance offers a range of gold loan features and benefits in Vellore, designed to provide efficient and accessible financial solutions for those in need. Below is an exploration of these features and their advantages:
Low Rate of Interest
Enjoy interest rates beginning at 10%* p.a.
Flexible Tenure
Repay your loan at a pace that suits you, with a minimum loan duration of 1 month. The repayment period can extend from 1 month to 1 year.
Maximum Finance
Obtain a loan amounting to 75% of your gold's current market value.
Minimal Documentation
The application process is straightforward and demands limited paperwork.
Borrow Smartly
You will incur interest only for the actual duration the gold loan is in use.
Quick Approval
Benefit from fast and dependable loan approvals with minimal documentation.
Gold Loan Interest Rates in Vellore
| 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 Vellore
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 Vellore
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 Vellore
Gold Loan Customer Care in Vellore
Toll Free
Gold Loan Status in Vellore
Checking the status of your gold loan in Vellore is straightforward. You can either enter your reference number online or contact our support team for prompt updates
Gold Loan FAQs
Can I apply for a gold loan online in Vellore?
Yes, you can apply via our website or the Shriram Finance mobile app for a quick and hassle free process.
What is the interest rate on gold loans in Vellore?
Our gold loan interest rates begin at 10%* p.a., with the final rate depending on the market value of your pledged gold.
What is the tenure for a gold loan in Vellore?
We provide repayment tenures that range from 1 month to 12 months, offering flexibility.
Can I get a gold loan for any type of gold in Vellore?
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 Vellore?
The loan amount is based on the market value of your gold, with financing available for up to 75%.
What documents are required to apply for a gold loan in Vellore?
You need 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 there any prepayment penalties on gold loans in Vellore?
Shriram Finance generally does not charge prepayment penalties, allowing early repayment without additional costs. However, it's wise to review the loan agreement for exact terms.
How can I check the status of my gold loan application in Vellore?
Once you apply, you will receive updates on the application process. 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.
