Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Gold Loans in Wayanad
Are you a resident of Wayanad seeking a simple and convenient method to access some additional funds? Do you have gold assets that you would be prepared to use as security to help you secure a loan? Taking out a Gold Loan in Wayanad from Shriram Finance offers a dependable and reliable route to unlock the financial value held within your gold possessions, without the need to sell those treasured items. Shriram Finance is a well respected name within the financial industry and is proud to be known for our commitment to providing accessible, dependable, and tailored gold loan services designed specifically to meet the individual needs of our customers. The combination of straightforward and manageable repayment options, together with competitive interest rates means that choosing a Gold Loan with Shriram Finance could be the perfect solution to help you to meet your individual financial goals.
Features and Benefits of Gold Loans in Wayanad
There are several appealing features, and a range of benefits associated with choosing a gold loan with Shriram Finance in Wayanad:
Interest Efficiency
With Shriram Finance, you only pay interest for the period that the gold loan is actively in use.
Quick Approval Times
Our processes have been carefully designed to ensure reliable and faster loan approvals, with minimal documentation.
High Loan Amounts Available
Shriram Finance can frequently offer loans of up to 75% of the current market value of your gold items. Gold loans are provided for loan amounts of up to 75% of the market value of the gold pledged as collateral.
Flexible Repayment Schedules
You can design a repayment schedule that works for you and meets your individual needs and financial circumstances. Our minimum loan duration is 1 month, and the maximum loan duration is 1 year.
Benefit from Competitive Interest Rates
Take advantage of our competitive interest rates, which start from just 10%* per annum.
Minimal Paperwork
The entire application process is designed to be simple and straightforward, involving minimal paperwork and ensuring a smooth and hassle free experience.
Gold Loan Interest Rates in Wayanad
| 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 Wayanad
Proof of Address
A copy of your Aadhaar Card, a valid Passport, a current Driver's Licence, a valid Voter ID, a recent Gas Connection Card, a recent Water Bill, a recent Electricity Bill, a Prepaid Mobile Bill, or your most recent Landline Bill.
Proof of Identity
A clear copy of your Aadhaar Card, a valid Passport, a current Driver's Licence, a valid Voter ID, or your PAN Card. If you are unable to provide a PAN Card, you can submit Form 60 instead. Age: You must be aged between 18 and 75 years old. Who Can Apply: We accept applications from a wide range of individuals, including salaried employees, self employed professionals, business owners, and others.
Step by Step Application Process for Gold Loans in Wayanad
Applying for a gold loan with Shriram Finance is a straightforward and hassle free process that can be completed in just four simple 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 Wayanad
Gold Loan Customer Care in Wayanad
Toll Free
Gold Loan Status in Wayanad
To check the status of your gold loan application, simply visit our website and enter your application reference number. Alternatively, you can contact a member of our customer care team for real time updates on the progress of your application.
Gold Loan FAQs
Can I apply for a gold loan online in Wayanad?
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 Wayanad?
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 Wayanad?
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 Wayanad?
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 Wayanad?
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 Wayanad?
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 Wayanad?
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 Wayanad?
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.
