Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Visakhapatnam
In Visakhapatnam, gold jewellery holds a special place in the hearts of its residents. It is not merely a fashion accessory but a symbol of tradition, cultural heritage, and financial security. Passed down through generations, gold jewellery embodies the values and legacy of families in the region. Beyond its sentimental value, it also serves as a vital financial resource during times of need. Many residents have discovered that gold loans in Visakhapatnam offer a convenient and efficient way to secure funds while retaining ownership of their precious assets. Shriram Finance understands the significance of your gold and offers gold loans with competitive interest rates starting at just 10%* p.a. These loans are tailored to meet diverse financial requirements with flexible repayment terms ranging from 1 month to 12 months. Whether you need funds for home improvements, medical emergencies, educational expenses, or other unexpected costs, Shriram Finance's gold loans provide a reliable solution. The process is designed for your convenience, featuring quick approvals and minimal documentation requirements to ensure that you can access funds promptly when you need them most. One of the key advantages of Shriram Finance's gold loans is our smart borrowing structure-you only pay interest for the actual duration the loan is utilised, making it an economical choice. By combining affordability, flexibility, and efficiency, Shriram Finance's gold loans in Visakhapatnam empower residents to manage their financial needs effectively without compromising their cherished gold assets.
Features and Benefits of Gold Loans in Visakhapatnam
Gold loans in Visakhapatnam offer a practical and accessible financial solution, combining affordability, flexibility, and convenience. Shriram Finance stands out with its tailored offerings, ensuring that borrowers can meet their financial needs effectively while retaining ownership of their gold assets. Here are the specific features and benefits that make gold loans a viable option in Visakhapatnam:
Maximum Finance
Unlock the value of your gold by securing a loan of up to 75% of its current market value. This ensures you can access substantial funds while keeping your gold safe.
Low Rate of Interest
Benefit from attractive interest rates starting at 10%* p.a., making your borrowing affordable and reducing the financial burden.
Flexible Tenure
Repay your loan at a pace that suits you. Choose repayment terms ranging from as short as 1 month to as long as 1 year.
Minimal Documentation
The application process is simple and requires minimal paperwork. This ensures quick processing and eliminates the delays.
Borrow Smartly
You will only pay interest for the actual time the gold loan is utilised.
Quick Approval
Experience quick and reliable loan approvals with minimal documentation. This ensures you get access to funds when you need them most.
Gold Loan Interest Rates in Visakhapatnam
| 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 Visakhapatnam
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 Visakhapatnam
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 Visakhapatnam
Gold Loan Customer Care in Visakhapatnam
Toll Free
Gold Loan Status in Visakhapatnam
Keeping track of your gold loan is simple and convenient. You can get quick updates by entering your reference number online or reaching out to our support team. Experience a seamless gold loan process in Visakhapatnam with Shriram Finance's trusted services.
Gold Loan FAQs
Can I apply for a gold loan online in Visakhapatnam?
Yes, applying for a gold loan is convenient and fast! Use our website or the Shriram Finance app for a hassle free loan application.
What is the interest rate on gold loans in Visakhapatnam?
We offer gold loans with interest rates starting at 10%* p.a. The final interest rate will be calculated based on the market value of the gold you pledge.
What is the tenure for a gold loan in Visakhapatnam?
We provide repayment tenures ranging from 1 month to 12 months, giving you flexibility in repayment.
Can I get a gold loan for any type of gold in Visakhapatnam?
Yes, we offer loans against gold jewellery and coins that have a purity between 18 to 22 carats.
Is there a maximum or minimum limit for a gold loan in Visakhapatnam?
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 Visakhapatnam?
You will need identity proof (such as an Aadhaar Card, Passport, Driver's Licence, Voter ID, or PAN Card) and address proof (like an 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 Visakhapatnam?
Generally, Shriram Finance does not impose prepayment penalties, allowing you to repay early without incurring extra costs. However, it's wise to review the loan agreement for specific terms.
How can I check the status of my gold loan application in Visakhapatnam?
After applying, you will receive updates on your application process. You can also check your status online or contact our customer care team for assistance.
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.
