Shriram Finance Gold Loan Highlights |
|
|---|---|
| Interest Rate | 11.40% p.a. |
| Processing Fees | Up to 0.5% |
| Repayment Tenure | 1 month to 1 year |
| LTV Ratio | Up to 75% of market value of gold pledged as security or collateral |
Shriram Finance Gold Loan Interest Rate
Shriram Finance offers gold loan interest rates starting from 11.40% per annum.
Loan Amount:
Shriram Finance offers gold loans for amounts up to 75% of the market value of the pledged gold.
Tenure:
The loan tenure for Shriram Finance Gold Loan ranges from 1 month to 1 year.
Also read: Best Gold Loan Interest Rate
Gold Loan Interest Rates Offered By Partner Banks & NBFCs
| Bank/NBFC/Fintech | Interest Rate | |
|---|---|---|
| State Bank of India | 8.75% p.a. onwards | Apply Now |
| Axis Bank | 17% - 19% p.a. onwards | Apply Now |
| Punjab National Bank | 9.25% p.a. onwards | Apply Now |
| Bank of India | 8.80% p.a. onwards | Apply Now |
| IndusInd Bank | 8.80% p.a. onwards | Apply Now |
| Bank of Baroda | 9.40% p.a. onwards | Apply Now |
| Union Bank of India | 9.30% – 10.65% p.a. | Apply Now |
| Canara Bank | 9.25% p.a. onwards | Apply Now |
| HDFC Bank | 8.50% - 15.97% p.a. | Apply Now |
| Federal Bank | 8.99% p.a. onwards | Apply Now |
| ICICI Bank | 10% p.a. onwards | Apply Now |
| Bajaj Finserv | 9.50% – 28% p.a. | Apply Now |
| Manappuram Finance | 12% p.a. onwards | Apply Now |
| Bank of Maharashtra | 9.30% p.a. onwards | Apply Now |
| Kotak Mahindra Bank | 8% - 24% p.a. onwards | Apply Now |
| Indian Bank | 0.77% per month | Apply Now |
| IIFL Finance | 11.88% - 27% p.a. | Apply Now |
| Rupeek | 8.88% p.a. onwards | Apply Now |
| Muthoot Finance | 10.90% p.a. onwards | Apply Now |
| Shriram Finance | 11.40% p.a. onwards | Apply Now |
Shriram Finance Gold Loan Fees & Charges
| Particulars | Charges |
|---|---|
| Processing Fee | Up to 0.5% |
| Documentation Charges | Up to Rs 100 |
| Late Payment Fees | 36% p.a. at monthly rests |
| Collection charges | Rs.500 per visit |
| Cheque bouncing charges/Bank Charges | Rs 1,000 per instance |
Also read: Best Gold Loan EMI Calculator
Eligibility Criteria for availing Shriram Finance Gold Loan
- Minimum age requirement: 18 years.
- Maximum age limit: 75 years at the time of loan maturity.
- Salaried individuals, self-employed professionals, or business owners can get gold loans from Shriram Finance.
Also read: Best Gold Loan Eligibility
Documents Required for Shriram Finance Gold Loan
Prospective borrowers need to provide the following documents to avail Shriram Finance Gold Loans:
- Recent passport-sized photographs.
- Identity Proof (any one): Aadhaar Card, Passport, Driver’s License, Voter ID, or PAN Card (If you don't have a PAN Card, you can submit Form 60).
- Address Proof (any one): Aadhaar Card, Passport, Driver’s License, Voter ID, Gas Connection Card, Water Bill, Electricity Bill, Prepaid Mobile Bill, or Landline Bill.
Also Read : Best Gold Loan Documents Required
FAQs on Shriram Finance Gold Loan
1. Will my gold ornaments stay safe and secure with Shriram Finance?
Customer's gold ornaments are securely stored in a safe room constructed in compliance with government regulations. These rooms are equipped with electronic surveillance to ensure the protection of the gold.
2. What if the Gold is stolen from the branch?
Shriram Finance provides insurance for the gold kept as collateral by you. This ensures that in the event of theft, the borrower doesn't need to worry about the security of the gold.
3. What are the tenure and interest rates applicable?
The interest rate starts from 11.4% per annum (*p.a.) and you can select a loan tenure ranging from 1 month up to 12 months.
4. Who can apply for Shriram Finance Gold Loan?
Salaried individuals, self-employed professionals, business owners, and other individuals aged between 18 and 75 years can apply for Shriram Finance Gold Loan.
5. Is there a minimum and maximum age eligibility to apply for the loan?
The minimum age requirement is 18 years, and the maximum age limit is 75 years at the time of loan maturity.