Interest Rates Now Starting Only at 10%*
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Flexible Repayment options
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Gold Loans in Vizianagaram
Are you a resident of Vizianagaram in need of instant funds? Do you possess gold assets that could provide a solution? A Gold Loan in Vizianagaram from Shriram Finance offers a secure and accessible way to unlock the value of your gold. Instead of selling your cherished gold jewellery or coins, you can utilise them to address your financial requirements. Offering adaptable repayment options and competitive interest rates, a Gold Loan can be personalised to align with your unique demands. This guide will lead you through the essentials of securing a gold loan with Shriram Finance in Vizianagaram, from exploring the diverse loan options available to understanding the straightforward application procedure. Continue reading to discover how you can leverage your gold assets and achieve your financial aspirations.
Features and Benefits of Gold Loans in Vizianagaram
In Vizianagaram, Shriram Finance offers a Gold Loan with several attractive features:
Maximum Finance:
You can secure a loan up to 75% of your gold's market value, ensuring substantial financial support.
Minimal Documentation:
The process involves minimal paperwork, ensuring a hassle free experience.
Flexible Tenure:
Repay your loan at your convenience with a tenure ranging from 1 month to 12 months.
Low Rate of Interest:
Interest rates start from 10%*p.a., offering a cost effective option.
Borrow Smartly:
Pay interest only for the period you use the loan, providing flexibility in repayment.
Quick Approval:
Enjoy fast and reliable loan approvals to meet your urgent financial needs.
Gold Loan Interest Rates in Vizianagaram
| 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 Vizianagaram
Proof of Address:
Any one of the following: Aadhaar Card, Passport, Driver's License, Voter ID, Gas Connection Card, Water Bill, Electricity Bill, Prepaid Mobile Bill, or Landline Bill.
Proof of Identity:
Any one of the following: Aadhaar Card, Passport, Driver's License, Voter ID, or PAN Card. (If you do not have a PAN Card, you can submit Form 60). Age Requirement: Applicants must be between 18 and 75 years* of age. Applicant Type: Individuals who are salaried, self employed, professionals, business owners, and others, are eligible to apply.
Step by Step Application Process for Gold Loans in Vizianagaram
The straightforward Gold Loan Application Process at Shriram Finance in Vizianagaram allows you to obtain 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 Vizianagaram
Gold Loan Customer Care in Vizianagaram
Toll Free
Gold Loan Status in Vizianagaram
Residents of Vizianagaram can leverage Shriram Finance's Gold Loan for their financial requirements. To monitor your application's progress, visit our website or contact our customer care team for immediate updates. By opting for Shriram Finance, you can enjoy a seamless financial experience tailored to meet your objectives in Vizianagaram.
Gold Loan FAQs
Can I apply for a gold loan online in Vizianagaram?
Absolutely! Shriram Finance offers a convenient online application process for gold loans in Vizianagaram. Visit our official website or download our mobile app to start your application. You can complete the entire process digitally, saving time and avoiding unnecessary branch visits.
What is the interest rate on gold loans in Vizianagaram?
Our gold loan interest rates start from 10%* per annum. The final rate depends on the market value of the gold you pledge, the loan amount, and current market conditions. We offer transparent and competitive rates tailored to your specific financial needs.
What is the tenure for a gold loan in Vizianagaram?
We provide flexible loan tenures ranging from 1 month to 12 months. Choose a repayment period that best suits your financial situation. You can also discuss prepayment or tenure extension options with our loan counsellors.
Can I get a gold loan for any type of gold in Vizianagaram?
Shriram Finance accepts gold ornaments and coins between 18 to 22 carats. Our expert team will carefully evaluate the purity and weight of your gold to determine the loan amount you qualify for.
Is there a maximum or minimum limit for a gold loan in Vizianagaram?
We offer loans up to 75% of your gold's current market value. The loan amount is directly linked to the quantity and quality of gold you pledge as security. Our transparent valuation ensures you get the maximum possible loan.
What documents are required to apply for a gold loan in Vizianagaram?
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 Vizianagaram?
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 Vizianagaram?
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.
